Fuller-Andrews Lynne 4
Research Summary
AI-generated summary
Sunbelt Rentals (SUNB) GC Lynne Fuller-Andrews Receives Cash Settlement
What Happened
- Lynne Fuller-Andrews, EVP & General Counsel of Sunbelt Rentals (SUNB), had 3,370 deferred stock units settled for cash on July 10, 2026. The settlement value was calculated at $76.53 per unit, for a total cash payment of approximately $257,906. No common shares were issued in connection with this settlement.
- This was not an open-market buy or sell of company stock but a cash settlement of deferred compensation under the issuer’s plan (routine compensation/payment event rather than a trading signal).
Key Details
- Transaction date: 2026-07-10; filing date: 2026-07-10 (timely).
- Transaction type/code: Other acquisition/disposition (Code J) — cash settlement of deferred stock units.
- Units settled: 3,370 deferred stock units at $76.53 per unit; total ≈ $257,906 (per footnote).
- Shares issued: None — no common stock was issued upon settlement (per footnote F1).
- Shares owned after transaction: Not specified in the filing.
- Relevant footnote: F1 — settlement of deferred stock units under the 2017 Deferred Bonus Plan; cash paid based on April 30, 2026 closing price.
Context
- This transaction represents the cash settlement of deferred compensation (derivative units), not a market sale or purchase of common shares. Such settlements are common for deferred bonus plans and do not necessarily indicate insider sentiment about the stock.