Lull Brad 4

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.