Walker Paul Ashton 4

What Happened

• Paul Ashton, a director of Sunbelt Rentals Holdings, Inc. (SUNB), reported two awards/acquisitions: 14,000 shares on 2026-02-27 and 1,189 restricted stock units (RSUs) on 2026-03-02. No cash was paid or received for the 14,000 shares; the filing lists no per-share price for either transaction.
• The 14,000 shares were received in exchange for ordinary shares of Ashtead Group plc on a one-for-one basis as part of the scheme of arrangement that created Sunbelt (no cash consideration). The 1,189 units are RSUs that will convert to one share each upon vesting.

Key Details

• Transaction dates and codes: 2026-02-27 (A — award/acquisition) — 14,000 shares; 2026-03-02 (A — award/acquisition) — 1,189 RSUs.
• Report filed: Form 4 filed 2026-03-03; filing appears timely for both transactions.
• Price/consideration: No cash paid or received for the 14,000-share exchange; price per share is listed as N/A for both entries.
• Shares owned after the transactions: not specified in the filing.
• Footnotes of note:
  • F1: 14,000 shares represent common stock acquired in exchange for Ashtead ordinary shares on a one-to-one basis; no cash changed hands.
  • F2: The 1,189 RSUs will 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 upon vesting.

Context

• These were corporate/award-based acquisitions (conversion and RSU grant), not open-market purchases or sales — such awards reflect compensation/corporate restructuring mechanics rather than a direct buy/sell signal.
• RSUs are contingent until vesting; they convert to shares only when vesting conditions are met.