Sunbelt Rentals (NYSE: SUNB) CAO adjusts share tax withholding
Rhea-AI Filing Summary
Barbara Clark, SVP & Chief Accounting Officer of Sunbelt Rentals Holdings, Inc., reported that 2,819 shares of common stock were withheld on June 19, 2026 at $86.06 per share to satisfy tax withholding obligations from vested performance stock units connected to the company’s initial NYSE listing. The amendment corrects an administrative error in which 784 fewer shares were originally withheld than intended, and states that she directly beneficially owns 37,488 shares of common stock as of this amendment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,819 shares
Net Sell
1 txn
Insider
Clark Barbara
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 2,819 | $86.06 | $243K |
Holdings After Transaction:
Common Stock — 33,522 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld upon the vesting of performance stock units ("PSUs") to pay tax withholding obligations. The performance condition of the then-outstanding PSUs was deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange, and those PSUs were reported in Table I of the Reporting Person's Form 4 filed on March 3, 2026.
- F2. This Form 4 amendment is being filed to correct an administrative error resulting in 784 fewer shares being withheld than intended to satisfy the tax withholding obligations of the Reporting Person. The Reporting Person's total beneficial ownership following the reported transaction in Column 5 of Table I has been adjusted to reflect the corrected withholdings. As of the filing of this amendment, the Reporting Person directly beneficially owns 37,488 shares of common stock.
Key Figures
Shares withheld for taxes: 2,819 shares
Tax withholding price: $86.06 per share
Current direct holdings: 37,488 shares
+2 more
5 metrics
Shares withheld for taxes
2,819 shares
Common stock withheld on June 19, 2026 to satisfy tax obligations on vested PSUs
Tax withholding price
$86.06 per share
Price applied to the 2,819 withheld shares of common stock
Current direct holdings
37,488 shares
Direct beneficial ownership of Sunbelt Rentals common stock as of this amendment
Administrative error adjustment
784 shares
Number of shares originally under-withheld for taxes before correction
PSU performance condition date
March 2, 2026
Date PSU performance condition was deemed satisfied in connection with NYSE listing
Key Terms
performance stock units, tax withholding obligations, initial listing on the New York Stock Exchange, beneficially owns
4 terms
performance stock units financial
"Represents shares withheld upon the vesting of performance stock units ("PSUs")"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
tax withholding obligations financial
"Represents shares withheld ... to pay tax withholding obligations"
initial listing on the New York Stock Exchange regulatory
"in connection with the Registrant's initial listing on the New York Stock Exchange"
beneficially owns financial
"the Reporting Person directly beneficially owns 37,488 shares of common stock"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sunbelt Rentals (SUNB) report in this Form 4/A?
Sunbelt Rentals reported that CAO Barbara Clark had 2,819 common shares withheld on June 19, 2026 at $86.06 per share. These shares were withheld to satisfy tax obligations upon vesting of performance stock units tied to the company’s initial NYSE listing.
Was Barbara Clark’s Sunbelt Rentals (SUNB) transaction an open-market sale?
No. The filing classifies the transaction as a tax-withholding disposition using code F, meaning shares were withheld to pay tax liabilities. It was not an open-market purchase or sale and does not reflect a discretionary trade in Sunbelt Rentals stock.
What error does this Sunbelt Rentals (SUNB) Form 4/A seek to correct?
The amendment corrects an administrative error that resulted in 784 fewer shares being withheld than intended to cover tax obligations. The reported beneficial ownership has been adjusted to reflect the corrected tax-withholding share amount.
How is this insider transaction linked to Sunbelt Rentals (SUNB) NYSE listing?
The performance condition of the reported PSUs was deemed satisfied on March 2, 2026 in connection with Sunbelt Rentals’ initial listing on the New York Stock Exchange. The share withholding relates to tax obligations from those PSUs vesting after that condition was met.