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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Awards | The following table summarizes the Company's RSA activity for the six months ended June 30, 2025 and 2024:
| 2025 |  | 2024
| Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
Outstanding at beginning of period | 36,346 |  |  | $ | 38.11 |  |  | 28,946 |  |  | $ | 44.44 |
Granted | 64,070 |  |  | $ | 27.86 |  |  | 32,332 |  |  | $ | 38.20 |
Vested | (32,332) |  |  | $ | 38.20 |  |  | (25,483) |  |  | $ | 44.59 |
Outstanding at end of period | 68,084 |  |  | $ | 28.42 |  |  | 35,795 |  |  | $ | 38.69 |
Schedule of Restricted Stock Units | The following table summarizes the Company's Time-Based RSU activity for the six months ended June 30, 2025 and 2024:
| 2025 |  | 2024
| Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
Outstanding at beginning of period | 576,652 |  |  | $ | 43.87 |  |  | 618,836 |  |  | $ | 36.07 |
Granted | 391,843 |  |  | $ | 35.27 |  |  | 273,524 |  |  | $ | 48.68 |
Forfeited | (33,936) |  |  | $ | 41.25 |  |  | (12,906) |  |  | $ | 44.47 |
Vested | (240,020) |  |  | $ | 39.90 |  |  | (223,566) |  |  | $ | 33.31 |
Outstanding at end of period | 694,539 |  |  | $ | 40.52 |  |  | 655,888 |  |  | $ | 42.11 |
The following table summarizes the Company's Performance-Based RSU award activity for the six months ended June 30, 2025 and 2024:
| 2025 |  | 2024
| Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Number of Shares |  | Weighted-Average Grant Date Fair Value
Outstanding at beginning of period | 1,768,460 |  |  | $ | 47.02 |  |  | 1,939,691 |  |  | $ | 42.95 |
Granted | 406,265 |  |  | $ | 44.16 |  |  | 295,833 |  |  | $ | 66.60 |
Forfeited | (30,955) |  |  | $ | 55.52 |  |  | (9,965) |  |  | $ | 46.18 |
Vested(a) | (620,326) |  |  | $ | 43.18 |  |  | (353,323) |  |  | $ | 39.10 |
Outstanding at end of period | 1,523,444 |  |  | $ | 47.65 |  |  | 1,872,236 |  |  | $ | 47.40 |
(a) The Performance-Based RSUs vested at a weighted average of 78% of target, or 482,083 shares, and 200% of target, or 706,646 shares, during the six months ended June 30, 2025 and 2024, respectively.
Schedule of Stock Option Awards | The following table summarizes the Company's stock option activity for the six months ended June 30, 2025:
| WillScot Options |  | Weighted-Average Exercise Price per Share |  | Converted Mobile Mini Options |  | Weighted-Average Exercise Price per Share
Outstanding at beginning of period | 534,188 |  |  | $ | 13.60 |  |  | 814,889 |  |  | $ | 12.77 |
Exercised | — |  |  | $ | — |  |  | (786,204) |  |  | $ | 12.77 |
Outstanding at end of period | 534,188 |  |  | $ | 13.60 |  |  | 28,685 |  |  | $ | 12.86 |
Fully vested and exercisable options, June 30, 2025 | 534,188 |  |  | $ | 13.60 |  |  | 28,685 |  |  | $ | 12.86 |
The following table summarizes the Company's stock option activity for the six months ended June 30, 2024:
| WillScot Options |  | Weighted-Average Exercise Price per Share |  | Converted Mobile Mini Options |  | Weighted-Average Exercise Price per Share
Outstanding at beginning of period | 534,188 |  |  | $ | 13.60 |  |  | 829,246 |  |  | $ | 12.86 |
Exercised | — |  |  | $ | — |  |  | (7,093) |  |  | $ | 17.04 |
Outstanding at end of period | 534,188 |  |  | $ | 13.60 |  |  | 822,153 |  |  | $ | 12.82 |
Fully vested and exercisable options, June 30, 2024 | 534,188 |  |  | $ | 13.60 |  |  | 822,153 |  |  | $ | 12.82 |

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