Sunbelt EVP Brad Lull awarded 31 stock units

EVP Brad Lull received 31 SUNB shares as dividend-equivalent units tied to his RSUs, bringing his direct holdings to 89,665 shares.

Rhea-AI Filing Summary

Sunbelt Rentals Holdings, Inc. (SUNB) reported that executive vice president of Strategy & Business Development Brad Lull acquired 31 shares of common stock on September 18, 2026 through a grant or award. These represent dividend equivalent units credited on his existing restricted stock units and will vest and settle together with the underlying RSUs. Following this award, he holds 89,665 shares of Sunbelt common stock directly.

Insider Trade Summary

Grant/Award: 31 shares

Grant/Award 1 txn

Insider Lull Brad

Role EVP, Strategy & Business Dev

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	31	$0.00	$0.00

Holdings After Transaction: Common Stock — 89,665 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent units accrued in respect of outstanding restricted stock units ("RSU") held by the Reporting Person. Each dividend equivalent unit represents the right to receive one share of the Issuer's common stock and will vest and settle with the underlying RSUs.

Key Figures

Shares acquired: 31 shares Total holdings after transaction: 89,665 shares Transaction price per share: $0.00 per share +1 more

4 metrics

Shares acquired 31 shares Grant or award of common stock on September 18, 2026

Total holdings after transaction 89,665 shares Direct ownership of SUNB common stock reported following the award

Transaction price per share $0.00 per share Grant or award of dividend equivalent units with no purchase price

Transactions reported 1 acquisition Single non-derivative grant or award transaction on this Form 4

Key Terms

dividend equivalent units, restricted stock units, vest and settle, grant, award, or other acquisition

4 terms

dividend equivalent units financial

"Represents dividend equivalent units accrued in respect of outstanding restricted stock units"

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

restricted stock units financial

"accrued in respect of outstanding restricted stock units ("RSU") held by the Reporting Person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest and settle financial

"will vest and settle with the underlying RSUs"

grant, award, or other acquisition financial

"transaction code description Grant, award, or other acquisition"

FAQ

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

What insider transaction did SUNB executive Brad Lull report on this Form 4?

He reported an acquisition of 31 shares of Sunbelt Rentals Holdings, Inc. common stock on September 18, 2026, recorded as a grant or award related to dividend equivalent units on his existing restricted stock units.

How many SUNB shares does Brad Lull hold after this reported transaction?

After the transaction, Brad Lull directly holds 89,665 shares of SUNB common stock, as disclosed in the Form 4 under total shares following the transaction.

What is the nature of the 31 SUNB shares acquired by Brad Lull?

The 31 shares represent dividend equivalent units accrued on outstanding restricted stock units (RSUs) held by Brad Lull. Each unit corresponds to one share of SUNB common stock and will vest and settle at the same time as the related RSUs.

Was Brad Lull’s SUNB Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox is not affirmatively marked, and there is no footnote stating that the transaction was made under a Rule 10b5-1 trading plan.

Did Brad Lull buy or sell SUNB shares in the open market in this filing?

No. The Form 4 reports a grant or award acquisition of 31 shares via dividend equivalent units. There are no open-market purchases or sales reported in this filing.

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

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Available on EDGAR 09/22/2026 - 05:01 PM Accepted by SEC EDGAR 09/22/2026 - 05:00 PM 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^*

Lull Brad

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Strategy & Business Dev

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

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
Common Stock	09/18/2026		A		31(1)	A	$0.00	89,665	D

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

Explanation of Responses:

1. Represents dividend equivalent units accrued in respect of outstanding restricted stock units ("RSU") held by the Reporting Person. Each dividend equivalent unit represents the right to receive one share of the Issuer's common stock and will vest and settle with the underlying RSUs.

	/s/ Gerald W. Clanton, Attorney-in-Fact	09/22/2026
	** 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)