Bruno Marc A 4

What Happened Marc A. Bruno, a director of United Rentals (URI), was granted/acquired 51 Phantom Stock Units on 2026-03-31 at a per-unit value of $728.56, for a total economic value of $37,157. This was recorded on an SEC Form 4 as an award/acquisition (transaction code A) under the company’s Deferred Compensation Plan for Directors.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (timely Form 4 filing).
• Price/value: $728.56 per unit; total value $37,157.
• Security type: Phantom Stock Units (derivative units that mirror one share each).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Units are deemed invested in common stock; each unit has the economic equivalent of one share.
  • F2: Units will be paid one-for-one in common stock on the first day of the month after the director’s service terminates.
  • F3: Units were acquired using deferred director fees.

Context Phantom Stock Units are a deferred-compensation instrument — they track the economic value of common shares but are paid later (here, upon termination) and typically do not confer current voting rights. This is a routine director compensation transaction rather than an open-market purchase or sale, and does not by itself signal management’s near-term trading intentions.