Fuller-Andrews Lynne 4
Research Summary
AI-generated summary
Sunbelt (SUNB) EVP Lynne Fuller-Andrews Sells Shares
What Happened
- Lynne Fuller-Andrews, Executive Vice President & General Counsel of Sunbelt Rentals (SUNB), had a total of 3,415 shares disposed (withheld) to satisfy tax withholding tied to equity vesting. On 2026-06-19, 2,707 shares were withheld at $86.06/share (value $232,964). On 2026-06-20, 708 shares were withheld at $86.06/share (value $60,930). Total value ≈ $293,894.90.
- This was not an open-market sale for investment purposes but a routine disposition to cover tax obligations associated with vested awards.
Key Details
- Transaction dates and prices: 2026-06-19 — 2,707 shares @ $86.06; 2026-06-20 — 708 shares @ $86.06.
- Shares owned after transaction: Not specified in the excerpt of the filing provided.
- Footnotes:
- F1: Shares withheld to pay taxes on PSUs; the performance condition for those PSUs was deemed satisfied on 2026-03-02 in connection with the company’s NYSE listing (previously reported on Form 4 filed 2026-03-03).
- F2: Shares withheld to pay taxes on RSUs.
- Filing timing: Form 4 was filed 2026-06-23 for transactions on 2026-06-19 and 2026-06-20. That is several days after the first transaction; please verify timeliness against the SEC’s 2-business-day filing requirement.
Context
- These were withholding disposals to cover tax liabilities at vesting (a cashless-type transaction), not discretionary sales that signal a change in insider sentiment. Such withholding is routine when restricted awards or performance units vest.