Clark Barbara 4

What Happened

• Barbara Clark, Senior Vice President and Chief Accounting Officer of Sunbelt Rentals (SUNB), had 2,362 shares disposed to satisfy tax withholding tied to vested equity awards. The filings show 2,035 shares on 2026-06-19 at $86.06 ($175,132) and 327 shares on 2026-06-20 at $86.06 ($28,142), for a combined value of about $203,274.
• These were not open-market purchases or speculative sales by the executive, but shares withheld to cover tax obligations upon vesting of PSU/RSU awards (a routine administrative transaction).

Key Details

• Transaction dates and prices:
  • 2026-06-19: 2,035 shares withheld at $86.06 → $175,132
  • 2026-06-20: 327 shares withheld at $86.06 → $28,142
• Total shares disposed: 2,362; total value ≈ $203,274.
• Shares owned after transaction: Not specified in this Form 4 (see prior filings for total holdings).
• Footnotes:
  • F1: Shares were withheld upon vesting of performance stock units (PSUs); performance condition deemed satisfied on March 2, 2026 and reported in the Form 4 filed March 3, 2026.
  • F2: Shares were withheld upon the vesting of restricted stock units (RSUs) to pay tax withholding obligations.
• Transaction code: F = payment of exercise price or tax liability (tax withholding).
• Filing timing: Transactions occurred 6/19–6/20; the Form 4 was filed 6/23/2026. Investors may note the few-day gap between transaction dates and filing.

Context

• Withholding shares to cover taxes (a cashless withholding) is routine when PSUs/RSUs vest and generally reflects payroll/tax processing rather than a deliberate sell decision by the insider.
• The PSU vesting was tied to a performance condition that was satisfied in connection with the company’s NYSE listing (reported earlier). This type of disposition typically provides limited insight into the insider’s view of the company’s prospects.