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UNITED RENTALS, INC.·4

Mar 6, 4:32 PM ET

Durand Michael D 4

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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.