Lull Brad 4
4 · Sunbelt Rentals Holdings, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
Sunbelt Rentals (SUNB) EVP Brad Lull Settles 3,387 Deferred Units
What Happened
Brad Lull, Executive VP of Strategy & Business Development at Sunbelt Rentals (SUNB), had 3,387 deferred stock units cash-settled on July 10, 2026. The units were settled at $76.53 each (closing price on April 30, 2026) for a total cash value of $259,207.11. This was a derivative cash settlement of deferred compensation — not an open-market sale of common stock — and no shares of common stock were issued.
Key Details
- Transaction date: 2026-07-10 (reported on Form 4 filed 2026-07-10)
- Instrument/type: Derivative — "Other acquisition or disposition (J)" — cash settlement of deferred stock units
- Per-unit value used for settlement: $76.53 (closing price on 2026-04-30)
- Units settled: 3,387; total cash value: $259,207.11
- Shares issued: None — no change in common stock share count from this settlement
- Footnote: Settlement pursuant to the Issuer’s 2017 Deferred Bonus Plan (cash payout; no stock issuance)
- Filing timeliness: No late filing indicated on the form
Context: Cash settlements of deferred stock units are routine compensation payouts and do not necessarily reflect a manager buying or selling common shares in the market. Because no shares were issued or traded on the open market here, this transaction is mainly relevant as a payout of previously awarded deferred compensation.
Insider Transaction Report
- Other
Deferred Stock Units
[F1]2026-07-10−3,387→ 0 total→ Common Stock (3,387 underlying)
Footnotes (1)
- [F1]Represents cash settlement of deferred stock units at a value of $76.53 per unit, the closing price of the Issuer's common stock on April 30, 2026, pursuant to the Issuer's 2017 Deferred Bonus Plan; no shares of common stock were issued upon settlement.