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Sunbelt Rentals Holdings, Inc.·4

Mar 3, 5:04 PM ET

Lull Brad 4

Research Summary

AI-generated summary

Updated

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.