Horgan Brendan 4

What Happened

• Brendan Horgan, CEO of Sunbelt Rentals Holdings, Inc. (SUNB), had 24,567 shares disposed (withheld) to satisfy tax withholding obligations tied to the vesting of performance stock units (PSUs). The shares were valued at $86.06 each for a total of $2,114,236.
• This was a tax-withholding/cashless-settlement action tied to PSU vesting — an administrative disposition rather than an open-market sale that signals trading intent.

Key Details

• Transaction date: 2026-06-19; Form 4 filed: 2026-06-23.
• Price per share: $86.06; shares withheld: 24,567; total value: $2,114,236.
• Transaction code: F — shares withheld to pay tax withholding obligations.
• Footnote: The PSUs’ performance condition was deemed satisfied on March 2, 2026 in connection with the company’s NYSE listing; those PSUs were reported in Horgan’s Form 4 filed March 3, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timing: the Form 4 was filed four days after the transaction (note: Form 4s are typically due within two business days).

Context

• This was a routine tax-withholding disposition after PSU vesting (a common administrative step); it does not necessarily reflect a decision to sell shares in the open market.
• For retail investors, purchases or open-market sales by insiders can be more informative about sentiment; withholding to cover taxes should be interpreted as fulfilling compensation-related obligations.