Durand Michael D 4
4 · UNITED RENTALS, INC. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
United Rentals (URI) COO Michael Durand Receives RSUs & Surrenders Shares
What Happened
Michael D. Durand, Chief Operating Officer of United Rentals (URI), was granted restricted stock units and also had shares surrendered/withheld to cover tax liabilities in early March 2026. On March 4, 2026 he was granted two RSU awards totaling 1,327 shares (987 shares and 340 shares) at a reported per-share value of $851.88 (total value $1,130,445). On March 4–5, 2026 he surrendered/withheld a total of 435.357 shares (120.409 @ $851.88, 145.690 @ $851.88, and 169.258 @ $842.93) representing approximately $369,357 in proceeds; these disposals were for tax withholding/share surrender in connection with RSU vesting and an annual-bonus stock award.
Key Details
- Transaction types: Awards/Grants (code A) and tax-withholding/share surrender (code F).
- Grant dates/prices/values: 2026-03-04 — 987 shares @ $851.88 = $840,806; 340 shares @ $851.88 = $289,639 (total $1,130,445).
- Disposals (tax withholding/surrenders): 2026-03-04 — 120.409 shares @ $851.88 = $102,574; 2026-03-04 — 145.690 shares @ $851.88 = $124,110; 2026-03-05 — 169.258 shares @ $842.93 = $142,673 (total ~435.36 shares, ~$369,357).
- Shares owned after the transactions: not specified in the provided Form 4 summary.
- Notable footnotes: disposals represent shares surrendered/withheld for taxes in connection with RSU vesting and the 2025 annual bonus (F1, F4, F5); RSUs vest one‑third on each of Mar 4, 2027/2028/2029 and settle in common stock on a one-for-one basis (F2); 2025 annual bonus payable in unrestricted common stock (F3).
- Filing timeliness: Report filed 2026-03-06 for transactions on 2026-03-04/03-05 — appears timely under Form 4 rules.
Context
These transactions are primarily award grants and routine tax-withholding/surrenders tied to equity compensation (not open-market sales). The RSU award vests over three years (one‑third each year) and will convert to shares upon vesting. Because the disposals were for tax withholding or settlement, they should not be interpreted as discretionary insider selling for cash-flow reasons.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-04$851.88/sh−120.409$102,574→ 7,254.856 total - Award
Common Stock
[F2]2026-03-04$851.88/sh+987$840,806→ 8,241.856 total - Award
Common Stock
[F3]2026-03-04$851.88/sh+340$289,639→ 8,581.856 total - Tax Payment
Common Stock
[F4]2026-03-04$851.88/sh−145.69$124,110→ 8,436.166 total - Tax Payment
Common Stock
[F5]2026-03-05$842.93/sh−169.258$142,673→ 8,266.908 total
Footnotes (5)
- [F1]Securities disposed of represent shares surrendered for tax purposes in connection with the vesting and settlement of restricted stock units granted and previously reported on Form 4.
- [F2]These shares comprise an award of restricted stock units granted to the reporting person. Subject to acceleration in certain circumstances, one-third of the units are scheduled to vest on each of March 4, 2027, March 4, 2028 and March 4, 2029. Units are settled with shares of common stock on a one-for-one basis upon vesting.
- [F3]Represents 2025 annual bonus payable in the form of unrestricted common stock.
- [F4]Securities disposed of represent shares withheld for tax purposes in connection with award of 2025 annual bonus.
- [F5]Securities disposed of represent shares surrendered for tax purposes in connection with the vesting and settlement of restricted stock units granted and previously reported on Form 4.