Cockburn Angus 4
4 · Sunbelt Rentals Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Sunbelt Rentals (SUNB) Director Angus Cockburn Receives Award
What Happened
Angus Cockburn, a director of Sunbelt Rentals Holdings, Inc. (SUNB), received two equity transactions: 1,000 shares of common stock reported on 2026-02-27 and 1,189 restricted stock units (RSUs) reported on 2026-03-02. No per-share price or cash consideration is shown (listed as N/A), and total dollar values were not disclosed in the Form 4.
Key Details
- Transaction dates: 2026-02-27 (1,000 shares acquired) and 2026-03-02 (1,189 RSUs granted). Form 4 filed 2026-03-03.
- Price: N/A (no cash paid or received as part of the equity exchange/grant).
- Shares owned after the transactions: not specified in the provided filing.
- Footnotes of note:
- F1: The 1,000 shares represent common stock received in exchange for ordinary shares of Ashtead Group plc on a one-for-one basis; no cash was paid or received.
- F2: The 1,189 items are restricted stock units that vest on the earlier of March 2, 2027 or the day before the next annual shareholder meeting; each RSU entitles the holder to one share when vested.
- Filing timeliness: the Form 4 was filed on 2026-03-03 covering both dates. The March 2 grant appears reported promptly; the Feb 27 acquisition is reported several days later and may not meet the SEC’s typical two-business-day reporting window.
Context
These transactions are an acquisition/award (not a sale). The 1,000 shares came from an exchange of pre-merger Ashtead shares rather than an open-market purchase, and the 1,189 RSUs are restricted and subject to future vesting—meaning they do not convert to free-trading shares until vesting conditions are met. Such awards are common for executives and directors and do not, by themselves, indicate a view for or against the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-27+1,000→ 1,000 total - Award
Common Stock
[F2]2026-03-02+1,189→ 2,189 total
Footnotes (2)
- [F1]Represents common stock of the Registrant acquired in exchange for ordinary shares of Ashtead Group plc ("Ashtead") beneficially owned by the Reporting Person, upon completion of the scheme of arrangement effected by Ashtead, the Registrant's predecessor, under Part 26 of the UK Companies Act 2006. The exchange ratio was one-to-one and no cash consideration was paid or received.
- [F2]Represents restricted stock units which will vest on the earlier of March 2, 2027 and the day immediately preceding the date of the next annual shareholder meeting. Each restricted stock unit represents a contractual right to receive one share of common stock of the Registrant.