Sunbelt Rentals (SUNB) Director Paul Ashton Receives 2,354-Share Award

What Happened

• Paul Ashton, a director of Sunbelt Rentals (SUNB), received a grant of 2,354 restricted stock units (RSUs) on 2026-09-01. These RSUs represent contractual rights to receive one share each upon vesting.
• On 2026-08-31, 162 shares were withheld to satisfy tax withholding obligations related to RSU vesting; those withheld shares were valued at $72.28 each for a total of $11,709. The withholding is a disposition for tax purposes, not an open-market sale.

Key Details

• Transaction dates and amounts:
  • 2026-08-31: 162 shares withheld for taxes (Disposition, code F) at $72.28 each — total $11,709.
  • 2026-09-01: Grant of 2,354 RSUs (Acquisition, code A); no trade price (award).
• Vesting/footnotes:
  • F1: The 162 shares were withheld upon vesting to cover tax withholding.
  • F2: The 2,354 RSUs vest on the earlier of September 1, 2027, and the day before the next annual meeting; each RSU converts to one share when vested.
• Shares owned after the transactions: not specified in the provided filing.
• Filing date/timeliness: Form 4 was filed on 2026-09-02 reporting the 8/31 and 9/1 transactions; this appears to be within the usual two-business-day reporting window.

Context

• The 162-share disposition was a tax-withholding event related to RSU vesting — a routine administrative transaction rather than a directional sale.
• The 2,354 RSUs are a compensation award (not an open-market purchase). Such grants are common for executives and directors and indicate compensation, not necessarily a personal buying decision.