Director adds 14,000 shares and 1,189 RSUs at Sunbelt Rentals (NYSE: SUNB)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings director Paul Ashton Walker reported acquiring Sunbelt common stock through two non-cash awards. On February 27, he received 14,000 shares in exchange for ordinary shares of Ashtead Group plc he already owned, at a one-to-one ratio with no cash paid or received.
On March 2, he was granted 1,189 restricted stock units that each represent a right to one Sunbelt share. These units vest on the earlier of March 2, 2027 or the day immediately before the next annual shareholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Walker Paul Ashton
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,189 | $0.00 | -- |
| Grant/Award | Common Stock | 14,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 15,189 shares (Direct)
Footnotes (1)
- Represents common stock of the Registrant acquired in exchange for ordinary shares of Ashtead Group plc ("Ashtead") beneficially owned by the Reporting Person, upon completion of the scheme of arrangement effected by Ashtead, the Registrant's predecessor, under Part 26 of the UK Companies Act 2006. The exchange ratio was one-to-one and no cash consideration was paid or received. Represents restricted stock units which will vest on the earlier of March 2, 2027 and the day immediately preceding the date of the next annual shareholder meeting. Each restricted stock unit represents a contractual right to receive one share of common stock of the Registrant.