Durand Michael D 4

What Happened Michael D. Durand, Chief Operating Officer of United Rentals (URI), had 2,217 performance-based restricted stock units (RSUs vest and settle one-for-one) settle on 2026-01-28, resulting in 2,217 shares issued at $903.19 each (total value $2,002,372). To satisfy tax withholding, 957.678 of those shares were surrendered at the same price for $864,965. Net shares retained from this vesting: 1,259.322 shares (approximate net value $1,137,407). This is an award/vesting event, not an open-market purchase or a voluntary sale.

Key Details

• Transaction date: 2026-01-28; Form 4 filed 2026-01-30 (timely filing).
• Award: 2,217 shares @ $903.19 = $2,002,372 (code A — award/grant/acquisition via settlement of performance RSUs).
• Tax withholding: 957.678 shares surrendered @ $903.19 = $864,965 (code F — shares withheld/surrendered for taxes).
• Net retained: 1,259.322 shares retained (approx. $1,137,407 in value).
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 — units settled one-for-one in common stock; F2 — surrendered shares represent withholding for taxes in connection with RSU vesting.

Context This transaction reflects routine compensation settlement: performance-based RSUs vested and were settled in stock, with a portion withheld to cover taxes (a common practice). Because the disposition was for tax withholding, it should not be interpreted as a market-sale signal. No 10b5-1 plan or other trading plan is indicated in the filing.