Washburn John 4

What Happened
John Washburn, Chief Operating Officer of Sunbelt Rentals (SUNB), disposed of company stock in three reported transactions. He sold 3,351 shares on 2026-07-08 at $70.00 for $234,570 and another 3,351 shares on 2026-07-09 at $72.50 for $242,948 (open-market sales, code S). Separately, 3,762 deferred stock units were settled for cash (reported as a disposition, code J) based on a unit value of $76.53, representing roughly $287,906; no shares were issued in that settlement. Total proceeds across these transactions are approximately $765,424. These were disposals (sales/cash settlement), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-08: Sold 3,351 shares @ $70.00 — $234,570
  • 2026-07-09: Sold 3,351 shares @ $72.50 — $242,948
  • 2026-07-10: Disposition of 3,762 deferred stock units (code J), cash-settled at $76.53/unit — ~$287,906
• Transaction codes: S = open-market sale; J = other acquisition/disposition (here, cash settlement of deferred units).
• Footnote: F1 — cash settlement of deferred stock units at $76.53 (closing price on 2026-04-30) under the Issuer’s 2017 Deferred Bonus Plan; no common shares were issued on settlement.
• Shares owned after the transactions: not stated in the provided filing data.
• Filing/timeliness: Form 4 was filed on 2026-07-10 for transactions on 07-08, 07-09 and 07-10; filing appears timely under Section 16 reporting rules.

Context

• The cash settlement reflects payout of deferred bonus units under the company’s plan rather than a stock sale that issues shares; it is recorded as a disposition because the units were converted to cash.
• Sales by executives can be routine (liquidity, tax or compensation-related) and do not by themselves indicate the insider’s view of the company. This filing documents insider liquidity events rather than any new ownership increase.