Horgan Kyle 4

What Happened

• Kyle Horgan, Executive Vice President, Specialty at Sunbelt Rentals (SUNB), had 3,115 deferred stock units cash‑settled on July 10, 2026. The units were settled at $76.53 per unit (the issuer's closing share price on April 30, 2026), yielding a cash payment of $238,390.95. No common shares were issued in this transaction — it is a cash settlement of a compensation award rather than an open‑market sale of stock.

Key Details

• Transaction date: 2026-07-10
• Instrument: Deferred stock units (derivative); transaction coded as "Other acquisition or disposition (J)" and reported as a disposition (cash settlement)
• Price per unit used for settlement: $76.53 (closing price on 2026-04-30)
• Units settled: 3,115; Cash value: $238,390.95
• Shares issued/received: None — settled in cash (per footnote)
• Shares owned after transaction: Not specified in the filing
• Filing timeliness: Report filed on 2026-07-10 for a 2026-07-10 transaction (appears timely)
• Footnote: F1 — Represents cash settlement of deferred stock units under the 2017 Deferred Bonus Plan; no shares issued upon settlement.

Context

• This was a cash settlement of compensation (deferred stock units), not a purchase or an open‑market sale of existing common stock. Such settlements are routine corporate compensation events and do not directly change Horgan’s ownership of common shares.