United Rentals (URI) Director Marc A. Bruno Receives Phantom Stock Award

What Happened Marc A. Bruno, a director of United Rentals, received 38 Phantom Stock Units on 2026-09-30. Each unit is valued at $1,000.78, for a total economic value of approximately $38,030. The transaction is reported as an award/acquisition under the company’s director deferred compensation arrangements rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (filed within the normal Form 4 reporting window).
• Instrument and amount: 38 Phantom Stock Units @ $1,000.78 per unit; total value ≈ $38,030.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes from the filing:
  • F1: Units are Phantom Stock Units under the United Rentals Deferred Compensation Plan for Directors and have the economic equivalent of one share each.
  • F2: The Common Stock represented by these units will be paid one-for-one on the first day of the month after the director leaves board service.
  • F3: Each unit was acquired using deferred director fees.
• Transaction type code: A (award/grant).

Context Phantom Stock Units are a form of deferred compensation that track the economic value of company shares but are typically paid out in stock (or cash equivalent) at a later date—here, upon termination of director service. Such awards are standard director compensation and do not represent an open-market purchase or immediate sale of common stock.