Durand Michael D 4
Research Summary
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United Rentals (URI) COO Michael Durand Surrenders 82 Shares for Taxes
What Happened Michael D. Durand, Chief Operating Officer of United Rentals, surrendered 82.272 shares on March 2, 2026. The shares were recorded at $820.58 per share, totaling $67,511. This was a tax-withholding disposition related to the vesting and settlement of previously granted restricted stock units (RSUs), not an open-market sale.
Key Details
- Transaction date: 2026-03-02; Filing date: 2026-03-03 (timely filing).
- Price per share: $820.58; Shares surrendered: 82.272; Gross value: $67,511.
- Transaction code: F — payment of exercise price or tax liability (shares surrendered to cover taxes).
- Footnote: Securities disposed represent shares surrendered for tax purposes in connection with the vesting and settlement of previously granted RSUs (Footnote F1).
- Shares owned after the transaction: not specified in the provided filing.
Context This was a routine tax-withholding event on vested RSUs (often called a cashless or share-surrender withholding). Such transactions are standard and generally do not signal a change in an insider’s view of the company; purchases tend to be more informative about insider conviction.