Washburn John 4
4 · Sunbelt Rentals Holdings, Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Sunbelt Rentals COO John Washburn Sells Shares to Cover Taxes
What Happened John Washburn, Chief Operating Officer of Sunbelt Rentals Holdings, Inc. (SUNB), had 4,654 shares disposed of to satisfy tax withholding obligations related to vested awards. On 2026-06-19, 3,827 shares were withheld at $86.06 each ($329,352), and on 2026-06-20, 827 shares were withheld at $86.06 each ($71,172), for a combined value of about $400,524. These were tax-withholding dispositions (transaction code F), not open-market sales.
Key Details
- Transaction dates and amounts: 2026-06-19 — 3,827 shares @ $86.06 (≈ $329,352); 2026-06-20 — 827 shares @ $86.06 (≈ $71,172).
- Total shares withheld: 4,654; total value ≈ $400,524.
- Shares owned after transactions: corrected aggregate beneficial ownership reported as 42,329 shares and 73,696 shares (per footnote correction).
- Footnotes: F1 — shares withheld from vested performance stock units (PSUs); F3 — shares withheld from vested restricted stock units (RSUs); F2 — corrects an earlier understatement of aggregate ownership.
- Filing: Form 4 filed 2026-06-23 (appears timely relative to transaction dates).
Context These were tax-withholding dispositions tied to the vesting of PSUs and RSUs (the PSUs’ performance condition was deemed satisfied on March 2, 2026, in connection with the company’s NYSE listing). Withholding to cover taxes is a routine administrative action and differs from a voluntary open-market sale that might signal trading intent.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-06-19$86.06/sh−3,827$329,352→ 69,869 total - Tax Payment
Common Stock
[F3]2026-06-20$86.06/sh−827$71,172→ 69,042 total
Footnotes (3)
- [F1]Represents shares withheld upon the vesting of performance stock units ("PSUs") to pay tax withholding obligations. The performance condition of the then-outstanding PSUs was deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange, and those PSUs were reported in Table I of the Reporting Person's Form 4 filed on March 3, 2026.
- [F2]Due to an administrative error, the Reporting Person's aggregate beneficial ownership of Common Stock as reported in the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" column in Table I of his Form 4 filed on March 3, 2026, was understated by 90 shares, and should have been 42,329 shares and 73,696 shares following the reported transactions, instead of 42,239 shares and 73,606 shares. The aggregate beneficial ownership reported in Table I above reflects the correction of this error.
- [F3]Represents shares withheld upon the vesting of restricted stock units to pay tax withholding obligations.