Sunbelt Rentals (SUNB) EVP Brad Lull Receives 76-Share Award

What Happened
Brad Lull, EVP, Strategy & Business Development at Sunbelt Rentals (SUNB), received an award of 76 dividend-equivalent units tied to outstanding restricted stock units (RSUs) on 2026-07-10. The units were reported as acquired at $0.00 (total cash value $0) and are dividend equivalents that will vest and settle with the underlying RSUs.

Key Details

• Transaction date: 2026-07-10; Filing (Form 4) date: 2026-08-21 (report appears late relative to the typical 2-business-day Form 4 deadline).
• Transaction type/code: Award/Grant (A). Price: $0.00 per unit; total reported cash value $0.
• Number of units awarded: 76 dividend-equivalent RSU units.
• Shares owned / beneficial ownership: The Form 4 was amended/adjusted to include an additional 723 shares that were acquired earlier in exchange for Ashtead shares and were inadvertently omitted from a prior Form 4 filed March 3, 2026. The filing notes the reporting person’s beneficial ownership was adjusted to include those 723 shares.
• Footnotes: F1 clarifies each dividend-equivalent unit equals the right to one share and will vest/settle with the RSUs. F2 explains the inclusion of 723 previously omitted shares from the March 3, 2026 filing.

Context
Dividend-equivalent units are compensation credits (not open-market purchases or sales) that convert into shares when the underlying RSUs vest — they don’t indicate an immediate cash investment or disposition. Such awards are routine executive compensation activity; the late filing simply affects timeliness of disclosure and does not by itself indicate a change in ownership intent.