Sunbelt Rentals CEO settles deferred stock units in cash

Sunbelt Rentals Holdings, Inc. reported that Chief Executive Officer Brendan Horgan completed a non-market restructuring transaction involving deferred stock units.

Rhea-AI Filing Summary

Sunbelt Rentals Holdings, Inc. reported that Chief Executive Officer Brendan Horgan completed a non-market restructuring transaction involving deferred stock units. On the reported date, 12,890 deferred stock units tied to common stock were settled in cash at $76.53 per unit, based on the closing price on April 30, 2026, under the company’s 2017 Deferred Bonus Plan. No shares of common stock were issued upon this cash settlement, and the Form 4 lists no open-market purchases or sales.

Insider Trade Summary

Other: 12,890 shares

Other 1 txn

Insider Horgan Brendan

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Deferred Stock Units F1	12,890	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 0 contracts (Direct)

Footnotes (1)

1. F1. Represents cash settlement of deferred stock units at a value of $76.53 per unit, the closing price of the Issuer's common stock on April 30, 2026, pursuant to the Issuer's 2017 Deferred Bonus Plan; no shares of common stock were issued upon settlement.

Key Figures

Deferred stock units settled: 12,890 units Settlement value per unit: $76.53 per unit Underlying common stock shares: 12,890 shares +1 more

4 metrics

Deferred stock units settled 12,890 units Number of deferred stock units settled in the reported Form 4 transaction

Settlement value per unit $76.53 per unit Closing price of common stock on April 30, 2026, used for cash settlement

Underlying common stock shares 12,890 shares Common stock underlying the deferred stock units that were settled in cash

Deferred stock units after transaction 0 units Total deferred stock units reported as held following the transaction

Key Terms

Deferred Stock Units, 2017 Deferred Bonus Plan, cash settlement

3 terms

Deferred Stock Units financial

"Represents cash settlement of deferred stock units at a value of $76.53 per unit"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

2017 Deferred Bonus Plan financial

"pursuant to the Issuer's 2017 Deferred Bonus Plan; no shares of common stock"

cash settlement financial

"Represents cash settlement of deferred stock units at a value of $76.53 per unit"

Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SUNB CEO Brendan Horgan report in this Form 4 transaction?

Brendan Horgan reported a cash settlement of deferred stock units, where 12,890 units linked to Sunbelt Rentals Holdings, Inc. common stock were settled without issuing any new shares.

How many deferred stock units were settled in the SUNB Form 4?

The Form 4 shows settlement of 12,890 deferred stock units. These units were linked to Sunbelt Rentals Holdings, Inc. common stock and were paid out in cash rather than converted into shares.

At what price were SUNB deferred stock units valued for this settlement?

The deferred stock units were valued at $76.53 per unit, equal to the closing price of Sunbelt Rentals Holdings, Inc. common stock on April 30, 2026, for cash settlement purposes.

Were any Sunbelt Rentals (SUNB) common shares issued in this Form 4 event?

No. The footnote states that no shares of common stock were issued when the 12,890 deferred stock units were settled; the units were instead settled entirely in cash.

What plan governed the SUNB CEO’s deferred stock unit settlement?

The cash settlement of 12,890 deferred stock units was made under the company’s 2017 Deferred Bonus Plan, which governs how certain deferred compensation awards are ultimately paid out.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/10/2026 - 05:00 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Horgan Brendan

(Last) (First) (Middle)

1799 INNOVATION PT

(Street)

FORT MILL SOUTH CAROLINA 29715

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sunbelt Rentals Holdings, Inc. [ SUNB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	07/10/2026		J			12,890	(1)	(1)	Common Stock	12,890	(1)	0	D

Explanation of Responses:

1. Represents cash settlement of deferred stock units at a value of $76.53 per unit, the closing price of the Issuer's common stock on April 30, 2026, pursuant to the Issuer's 2017 Deferred Bonus Plan; no shares of common stock were issued upon settlement.

	/s/ Gerald W. Clanton, Attorney-in-Fact	07/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)