Gross Joli L. 4
4 · UNITED RENTALS, INC. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
United Rentals (URI) SVP Joli Gross Receives RSU Award, Sells Shares for Taxes
What Happened
Joli L. Gross, SVP and Chief Legal & Sustainability Officer at United Rentals (URI), was granted equity and had shares surrendered for tax obligations. On March 4, 2026 Gross was awarded 485 restricted stock units (RSUs) and received 306 shares as an annual bonus—total 791 shares—priced at $851.88 each ($413,162 and $260,675 respectively; ~$673,837 combined). Concurrently, Gross surrendered/withheld a total of ~305.382 shares in three dispositions to cover taxes (71.827 and 141.801 shares on March 4 at $851.88; 91.754 shares on March 5 at $842.93) totaling ~$259,327. These were awards/settlements and tax-withholding events rather than open-market buys or discretionary sales.
Key Details
- Transaction dates and prices:
- 2026-03-04: Acquired 485 RSUs @ $851.88 (value $413,162) and 306 shares (2025 bonus) @ $851.88 (value $260,675).
- 2026-03-04: Surrendered 71.827 shares @ $851.88 (value $61,188) and 141.801 shares @ $851.88 (value $120,797).
- 2026-03-05: Surrendered 91.754 shares @ $842.93 (value $77,342).
- Net flows: +791 shares granted (~$673,837); 305.382 shares withheld/surrendered for taxes ($259,327).
- Vesting/award terms: The 485 RSUs are subject to a three-year vesting schedule (one‑third vesting each March 4 in 2027, 2028, 2029) and settle one-for-one in common stock (footnote F2). The 306 shares represent the 2025 annual bonus paid as unrestricted common stock (footnote F3).
- Disposals: Marked as tax withholding/surrender in connection with vesting/settlement and bonus (footnotes F1, F4, F5).
- Filing timeliness: Report period 2026-03-04; filing dated 2026-03-06 — appears timely (Form 4 is typically due within two business days).
Context
- These transactions are award grants and tax-related withholdings, not open-market purchases or discretionary sales. Grants indicate compensation/retention actions rather than a direct buy signal from the insider.
- The tax-related disposals are routine (shares retained/surrendered to cover withholding) and do not necessarily indicate a change in sentiment.
- No option exercises, gifts, or 10% owner transactions are reported here.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-04$851.88/sh−71.827$61,188→ 5,486.371 total - Award
Common Stock
[F2]2026-03-04$851.88/sh+485$413,162→ 5,971.371 total - Award
Common Stock
[F3]2026-03-04$851.88/sh+306$260,675→ 6,277.371 total - Tax Payment
Common Stock
[F4]2026-03-04$851.88/sh−141.801$120,797→ 6,135.57 total - Tax Payment
Common Stock
[F5]2026-03-05$842.93/sh−91.754$77,342→ 6,043.816 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.