Lull Brad 4

4 · Sunbelt Rentals Holdings, Inc. · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Sunbelt (SUNB) EVP Brad Lull Receives Stock Awards

What Happened

Brad Lull, EVP, Strategy & Business Development of Sunbelt Rentals (SUNB), reported awards and acquisitions totaling 86,172 shares between Feb 27 and Mar 2, 2026. Transactions are awards/acquisitions (no open-market purchases or sales) and list prices as N/A because these were grants/exchanges rather than cash purchases.
Breakdown: 53,706 shares reported on 2026-02-27 (this includes a one-for-one exchange of 45,000 Ashtead shares for Sunbelt shares plus 8,706 restricted stock units), 3,387 deferred stock units reported on 2026-02-27 (derivative, cash-settled), and 29,079 performance stock units reported on 2026-03-02 (performance conditions deemed satisfied in connection with Sunbelt’s NYSE listing).

Key Details

Transaction dates and types:
- 2026-02-27: 53,706 shares (award/acquisition; includes 45,000-share exchange + 8,706 RSUs); price N/A.
- 2026-02-27: 3,387 deferred stock units (derivative; cash-settled); price N/A.
- 2026-03-02: 29,079 performance stock units (PSUs; performance conditions deemed satisfied); price N/A.
Shares owned after the transactions: Not specified in the provided filing excerpt.
Notable footnotes:
- F1: 45,000 shares were received in exchange for Ashtead Group plc ordinary shares on a one-to-one basis; no cash changed hands.
- F2: 8,706 RSUs with staged vesting (portions vest June 20/July 4 in 2026–2028).
- F3: 29,079 PSUs deemed satisfied on Mar 2, 2026; vesting staggered across 2026–2028.
- F4: 3,387 deferred stock units vest Apr 30, 2026 and are cash-settled (economic equivalent of shares).
Filing timeliness: Form 4 was filed on March 3, 2026; no late-filing indication in the provided info.

Context

PSUs are performance-based rights to receive shares; Sunbelt reported the PSU performance conditions were met in connection with its initial NYSE listing, causing the PSU awards to be treated as acquired on March 2, 2026.
RSUs and deferred units have scheduled vest dates (listed in footnotes); deferred units will be settled in cash rather than stock.
These entries are awards/acquisitions and not open-market buys or insider sales—awards and company-related exchanges are common for executives and reflect compensation/settlement mechanics rather than direct market sentiment.

Form 4

Period: 2026-02-27

EVP, Strategy & Business Dev

Transactions

Award
Common Stock
[F1][F2]
2026-02-27+53,706→ 53,706 total
Award
Common Stock
[F3]
2026-03-02+29,079→ 82,785 total
Award
Deferred Stock Units
[F4]
2026-02-27+3,387→ 3,387 total
→ Common Stock (3,387 underlying)

Footnotes (4)

[F1]Includes 45,000 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 8,706 restricted stock units, of which 1,641 will vest on June 20, 2026; 1,808 will vest on July 4, 2026; 1,640 will vest on June 20, 2027; 1,808 will vest on July 4, 2027; and 1,809 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; 9,820 will vest on June 20, 2027; and 10,822 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.

Signature

/s/ Abbey MacDonald, Attorney-in-Fact|2026-03-03

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