Sunbelt Rentals (SUNB) EVP Brad Lull Receives RSU Award

What Happened

• Brad Lull, Executive Vice President, Strategy & Business Development of Sunbelt Rentals (SUNB), was granted 7,615 restricted stock units (RSUs) on 2026-06-25. The Form 4 lists the acquisition price as $0.00 because these are compensation RSUs (not an open-market purchase or sale). The filing reports the grant amount but does not state an immediate cash value — the economic value will depend on SUNB’s share price when RSUs settle.

Key Details

• Transaction date and type: 2026-06-25 — Grant/Award of 7,615 RSUs (code A); reported on Form 4 filed 2026-06-29.
• Reported acquisition price: $0.00 (typical for RSU grants).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs represent a contractual right to one share each under the company’s 2026 Omnibus Equity Incentive Plan. F2 — Vesting: one-third of the RSUs vest on each of 06/19/2027, 06/19/2028 and 06/19/2029.
• Filing timeliness: The Form 4 was filed four days after the transaction date (06/29/2026 vs. 06/25/2026), which appears later than the typical two-business-day Form 4 deadline — see the filing for any timeliness annotation.

Context

• RSU grants are a form of equity compensation; they convert into shares upon vesting and do not represent an immediate market purchase or sale. Because the award vests over three years, these RSUs tie compensation to future employment/tenure and share price performance rather than indicating an immediate insider buy/sell signal.