Sunbelt Rentals (SUNB) COO John Washburn Receives 31-Share Award

What Happened John Washburn, Chief Operating Officer of Sunbelt Rentals (SUNB), received an award of 31 dividend-equivalent units related to outstanding restricted stock units (RSUs) on 2026-09-18. The Form 4 reports an acquisition (code A) of 31 shares at $0.00 per share (total reported value $0). These units represent dividend equivalents that will vest and be settled along with the underlying RSUs.

Key Details

• Transaction date: 2026-09-18
• Reported on Form 4: filed 2026-09-22 (within the typical 2-business-day filing window)
• Transaction type/code: Award/Grant (A)
• Shares/units: 31 dividend-equivalent units @ $0.00 each; total reported $0
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnote (F1): These are dividend equivalent units accrued in respect of outstanding RSUs; each unit equals the right to one share and will vest/settle with the underlying RSUs

Context Dividend-equivalent units are a common compensation mechanism tied to RSUs and do not involve an out‑of‑pocket purchase or a sale of stock. Because this is an award tied to existing RSUs, it is a routine compensation event rather than a direct bullish or bearish trading signal.