Washburn John 4
Research Summary
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Sunbelt Rentals (SUNB) COO John Washburn Receives Award
What Happened
- John Washburn, Chief Operating Officer of Sunbelt Rentals Holdings, Inc. (SUNB), was granted 7,615 restricted stock units (RSUs) on 06/25/2026. The award is reported at a $0.00 acquisition price (standard for RSU grants), representing a contractual right to receive one share per RSU upon vesting.
- This is an equity compensation grant (transaction code A), not an open-market purchase or sale. The grant itself does not involve cash changing hands at issuance; future value depends on the Company’s share price when/if the RSUs vest and are settled.
Key Details
- Transaction date: 2026-06-25; reported filing date: 2026-06-29.
- Amount: 7,615 RSUs granted; reported acquisition price: $0.00 per unit.
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: F1 — RSUs granted under the 2026 Omnibus Equity Incentive Plan, each RSU equals one share upon settlement. F2 — Vesting: one-third on 06/19/2027, one-third on 06/19/2028, and one-third on 06/19/2029.
- Filing timeliness: filing occurred four days after the transaction date (06/29/2026 vs. 06/25/2026) — this may exceed the Form 4 two-business-day reporting requirement.
Context
- RSU grants are standard executive compensation designed to align management with shareholder interests; they are not the same as an outright market purchase (which some investors view as a stronger bullish signal).
- Each RSU converts to one share when it vests; until then the award is a contingent right, subject to the stated vesting schedule and any plan conditions.