Lull Brad 4

What Happened
Brad Lull, Executive Vice President, Strategy & Business Development at Sunbelt Rentals (SUNB), had 745 restricted stock unit (RSU) shares withheld to satisfy tax withholding obligations upon vesting. The shares were valued at $86.06 each, for a total of $64,115. The transaction is reported as a disposition (code F), meaning shares were surrendered to cover taxes rather than sold in the open market.

Key Details

• Transaction date: 2026-06-20; filing date: 2026-06-23.
• Shares involved: 745 RSU shares withheld.
• Price per share: $86.06; total value: $64,115.
• Transaction code: F — shares withheld to satisfy tax withholding on vesting (footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication in this filing that the shares were sold on the open market; this is a routine tax-withholding event.

Context
Tax-withholding dispositions on RSU vesting are common and generally considered administrative (not necessarily a signal of insider sentiment). The filing shows a cashless withholding rather than a voluntary sale or a purchase, so it should be interpreted as the company collecting taxes due on newly vested equity.