Earnings Feed
Start Free
Sunbelt Rentals Holdings, Inc.·4

Mar 3, 5:05 PM ET

Horgan Brendan 4

Research Summary

AI-generated summary

Updated

Sunbelt Rentals (SUNB) CEO Brendan Horgan Receives Stock Awards

What Happened
Brendan Horgan, CEO of Sunbelt Rentals (NYSE: SUNB), was credited with a total of 740,291 shares through awards/acquisitions reported Feb 27–Mar 2, 2026. The filings show: 469,979 shares credited on Feb 27, 257,422 shares credited on Mar 2, and a 12,890-share derivative award recorded on Feb 27. No cash was paid for the exchanged shares and listed per-share prices are N/A because these were grants/exchanges (compensation and conversion of predecessor shares), not open‑market purchases.

Key Details

  • Transaction dates: Feb 27, 2026 (469,979 and 12,890 (derivative)); Mar 2, 2026 (257,422). Filing date: Mar 3, 2026 (timely).
  • Prices/consideration: N/A — awards/grants and an in‑kind exchange; 419,000 of the shares arise from a 1:1 exchange of Ashtead Group plc ordinary shares (no cash).
  • Breakdown of award types / notable footnotes:
    • F1: 419,000 shares received in exchange for Ashtead ordinary shares on a one‑for‑one basis (no cash).
    • F2: 50,979 restricted stock units (RSUs); vesting schedule spans Jul 4 & Sep 19 of 2026–2028 in specified tranches.
    • F3: Performance stock units (PSUs) were deemed satisfied on Mar 2, 2026; PSU vesting schedule: 48,946 (Jun 19, 2026), 96,486 (Jun 20, 2027), 111,990 (Jul 4, 2028).
    • F4: 12,890 deferred stock units (derivative) vest Apr 30, 2026; these are cash‑settled equivalents of shares.
  • Shares owned after transaction: not specified in the provided filing excerpt.
  • Filing timeliness: Report filed Mar 3, 2026 covering transactions through Mar 2, 2026 — appears timely.

Context
These were compensation/conversion transactions (awards and an in‑kind exchange tied to the company’s formation and NYSE listing), not open‑market buys or sales. PSUs were treated as satisfied in connection with Sunbelt’s initial NYSE listing; RSUs and some PSUs remain subject to future vesting schedules. Deferred stock units noted as "derivative" are cash‑settled and do not immediately deliver shares. Such awards are routine for executives and reflect compensation and corporate restructuring rather than direct insider buying or selling in the market.