Sunbelt Rentals (SUNB) Exec VP Kyle Horgan Receives Award

What Happened
Kyle Horgan, Executive Vice President, Specialty at Sunbelt Rentals (SUNB), was credited with 31 shares as an award (transaction code A) on 2026-09-18. The reported acquisition price is $0.00, so the immediate cash value reported is $0. These units are dividend-equivalent units tied to outstanding restricted stock units (RSUs), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-18 — Award of 31 shares at $0.00 (total reported value $0).
• Filing date: Form 4 filed with the SEC on 2026-09-22 (four days after the transaction). Form 4s are normally due within two business days, so this filing appears to have been submitted after that typical window.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote(s): F1 — these 31 units are dividend-equivalent units accrued on outstanding RSUs; each unit represents the right to one share and will vest and settle with the underlying RSUs.

Context
Dividend-equivalent units are an element of equity compensation: they accrue alongside RSUs and are typically paid out or converted to shares when the underlying RSUs vest. This is a routine compensation grant and not a market purchase or sale, so it should not be read as a direct bullish or bearish trade signal.