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UNITED RENTALS, INC.·4

Mar 6, 4:44 PM ET

Limoges Andrew B. 4

Research Summary

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United Rentals (URI) VP Controller Andrew B. Limoges Receives RSU Awards

What Happened
Andrew B. Limoges, VP and Controller of United Rentals (URI), was awarded restricted stock units (RSUs) and had shares surrendered/withheld to cover tax obligations. On Mar 4, 2026 he was granted 203 RSUs and 195 RSUs (both priced at $851.88) valued at $172,932 and $166,117 respectively. In connection with vesting/settlement and tax withholding, Limoges also surrendered/withheld shares: 29.195 and 90.363 shares on Mar 4 (both at $851.88) and 36.609 shares on Mar 5 at $842.93 — disposals valued at $24,871, $76,978 and $30,859 respectively. These disposals represent tax withholding/share surrender tied to the RSU settlements and a 2025 bonus.

Key Details

  • Transaction dates & prices:
    • Mar 4, 2026: +203 RSUs @ $851.88 each (acquired) — $172,932 (award)
    • Mar 4, 2026: +195 RSUs @ $851.88 each (acquired) — $166,117 (award)
    • Mar 4, 2026: −29.195 shares @ $851.88 (surrendered for taxes) — $24,871
    • Mar 4, 2026: −90.363 shares @ $851.88 (surrendered for taxes) — $76,978
    • Mar 5, 2026: −36.609 shares @ $842.93 (withheld for taxes) — $30,859
  • Footnotes:
    • F2: The RSU awards vest one‑third each year starting Mar 4, 2027 and settle one‑for‑one in common shares.
    • F1/F5/F4: Shares disposed represent surrender/withholding for tax purposes in connection with RSU vesting/settlement and a 2025 bonus.
    • F3: One award represents the 2025 annual bonus payable in unrestricted common stock.
  • Shares owned after transaction: Not specified in the provided data.
  • Timeliness: Form filed Mar 6, 2026 for transactions on Mar 4–5, 2026 — appears filed within the typical two‑business‑day window.

Context

  • These transactions are primarily awards (A) of RSUs and tax‑related withholding (F). RSUs are not immediate market purchases — they vest over time (here, one‑third annually) and convert to shares upon vesting. The withheld/surrendered shares are routine tax withholding and do not necessarily indicate a sell decision by the insider.
  • For reference, transaction codes: A = Award/Grant; F = Tax withholding/surrender.