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UNITED RENTALS, INC.·4

Mar 6, 4:35 PM ET

Flannery Matthew John 4

Research Summary

AI-generated summary

Updated

United Rentals CEO Matthew Flannery Receives RSUs, Sells Shares for Taxes

What Happened

  • Matthew J. Flannery, President & CEO and director of United Rentals (URI), was awarded restricted stock units (RSUs) totaling 3,600 shares (2,583 + 1,017) at a reported grant value of $851.88/share — total value ≈ $3,066,768.
  • To cover taxes/withholding and exercise-related obligations, he surrendered/withheld a total of approximately 1,188.143 shares across three transactions (317.202 and 430.700 shares at $851.88/share, and 440.241 shares at $842.93/share), generating proceeds of about $1,008,215. These disposals were tax-withholding or share-surrender actions, not open-market sales.

Key Details

  • Transaction dates and prices:
    • 2026-03-04: Acquired 2,583 RSUs @ $851.88 each = $2,200,406.
    • 2026-03-04: Acquired 1,017 RSUs @ $851.88 each = $866,362.
    • 2026-03-04: Surrendered 317.202 shares @ $851.88 = $270,218 (tax withholding).
    • 2026-03-04: Surrendered 430.700 shares @ $851.88 = $366,905 (tax withholding).
    • 2026-03-05: Surrendered 440.241 shares @ $842.93 = $371,092 (tax withholding related to 2025 bonus).
  • Total acquired: 3,600 shares (~$3.07M). Total disposed/withheld: 1,188.143 shares ($1.01M).
  • Shares owned after the transactions: not specified in the provided filing details.
  • Notable footnotes:
    • F2: The RSUs are time-based awards (one-third vesting each March 4 in 2027, 2028, 2029) and settle one-for-one in shares upon vesting.
    • F1/F5: Disposals represent shares surrendered/withheld for tax purposes related to RSU vesting/settlement.
    • F3/F4: Part of the activity relates to the 2025 annual bonus paid in stock; some shares were withheld for taxes.
  • Timeliness: Form 4 was filed 2026-03-06 for transactions on 2026-03-04 and 03-05 — no late filing indicated.

Context

  • These were award and withholding transactions, not open-market buys or discretionary insider sales. The RSU grants are compensation awards that will vest over time per the stated schedule; the surrendered shares were used to satisfy tax withholding and related obligations (a routine administrative step). Such transactions reflect compensation mechanics rather than a direct buy/sell signal about the CEO’s market view.