Washburn John 4
4 · Sunbelt Rentals Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Sunbelt Rentals (SUNB) COO John Washburn Receives Awards
What Happened
John Washburn, Chief Operating Officer of Sunbelt Rentals (SUNB), was granted a total of 77,368 shares/units via awards and an in-kind exchange. The filing shows three award transactions: 42,239 shares (granted Feb 27, 2026), 31,367 performance stock units (PSUs) (granted Mar 2, 2026), and 3,762 deferred stock units (grant dated Feb 27, 2026). No open-market purchase or sale occurred — these are awards/settlement transactions. No per-share prices are reported (N/A); one component (32,567 shares) was received in exchange for Ashtead Group plc ordinary shares on a one-for-one basis with no cash exchanged.
Key Details
- Transaction dates: Feb 27, 2026 (42,239 shares and 3,762 deferred units) and Mar 2, 2026 (31,367 PSUs). Form 4 filed Mar 3, 2026 (timely).
- Total awarded/received: 77,368 total (42,239 + 31,367 + 3,762).
- 32,567 shares were acquired via 1:1 exchange of Ashtead shares (no cash) (F1).
- 9,672 restricted stock units (RSUs) included in the Feb 27 award; vest in tranches between Jun 20, 2026 and Jul 4, 2028 (F2).
- 31,367 PSUs granted/treated as earned when performance was deemed satisfied on Mar 2, 2026 in connection with SUNB's NYSE listing; PSUs vest in tranches on Jun 19, 2026; Jun 20, 2027; and Jul 4, 2028 (F3).
- 3,762 deferred stock units vest Apr 30, 2026 and are payable in cash (economic equivalent of shares) (F4).
- Price: N/A for all awards; the Ashtead exchange was one-for-one with no cash consideration.
- Shares owned after transaction: not specified in the Form 4 filing.
- Filing timeliness: Form 4 was filed on Mar 3, 2026 and appears timely relative to the reported transaction dates.
Context
These entries are compensatory awards and an in-kind exchange, not open-market purchases or sales. PSUs were deemed to have met performance conditions tied to the company’s NYSE listing; vesting schedules remain over the next several years. Deferred stock units are cash-settled and will be paid on vesting. Such awards reflect compensation and corporate-accounting/transaction mechanics rather than immediate insider buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-27+42,239→ 42,239 total - Award
Common Stock
[F3]2026-03-02+31,367→ 73,606 total - Award
Deferred Stock Units
[F4]2026-02-27+3,762→ 3,762 total→ Common Stock (3,762 underlying)
Footnotes (4)
- [F1]Includes 32,567 shares of 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]Includes 9,672 restricted stock units, of which 1,822 will vest on June 20, 2026; 2,009 will vest on July 4, 2026; 1,822 will vest on June 20, 2027; 2,009 will vest on July 4, 2027; and 2,010 will vest on July 4, 2028. Each restricted stock unit represents a contractual right to receive one share of common stock of the Registrant.
- [F3]Represents performance stock units ("PSUs"), each representing a contractual right to receive one share of common stock of the registrant. The performance conditions of the PSUs were deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange and as further discussed in the Registrant's Registration Statement on Form 10/A filed on February 13, 2026. Of such PSUs, 8,437 will vest on June 19, 2026; 10,905 will vest on June 20, 2027; and 12,025 will vest on July 4, 2028.
- [F4]Represents deferred stock units which will vest on April 30, 2026. Each deferred stock unit is the economic equivalent of one share of the Registrant's common stock and is settled solely in cash.