Sunbelt Rentals (NYSE: SUNB) EVP Brad Lull reports stock and unit grants

Rhea-AI Filing Summary

Sunbelt Rentals Holdings, Inc. executive Brad Lull reported equity awards and related share entries, all classified as acquisitions rather than open-market purchases or sales. On March 2, 2026, he received 29,079 shares of common stock as a grant or award, bringing his directly held common stock to 82,785 shares. On February 27, 2026, he was granted 3,387 deferred stock units and 53,706 shares of common stock, both at a price of $0.00 per share as compensation awards.

Footnotes explain that part of his holdings includes shares received one-for-one in exchange for Ashtead Group plc stock in a UK scheme of arrangement, as well as restricted stock units and performance stock units that vest between 2026 and 2028. The deferred stock units vest on April 30, 2026 and are economically equivalent to common stock but settled in cash.

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

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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 SC 29715

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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

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

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

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	02/27/2026		A		53,706	A	(1)(2)	53,706	D
Common Stock	03/02/2026		A		29,079	A	(3)	82,785	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
Deferred Stock Units	(4)	02/27/2026		A		3,387		(4)	(4)	Common Stock	3,387	(4)	3,387	D

Explanation of Responses:

1. Includes 45,000 shares of 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.

2. Includes 8,706 restricted stock units, of which 1,641 will vest on June 20, 2026; 1,808 will vest on July 4, 2026; 1,640 will vest on June 20, 2027; 1,808 will vest on July 4, 2027; and 1,809 will vest on July 4, 2028. Each restricted stock unit represents a contractual right to receive one share of common stock of the Registrant.

3. Represents performance stock units ("PSUs"), each representing a contractual right to receive one share of common stock of the registrant. The performance conditions of the PSUs were deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange and as further discussed in the Registrant's Registration Statement on Form 10/A filed on February 13, 2026. Of such PSUs, 8,437 will vest on June 19, 2026; 9,820 will vest on June 20, 2027; and 10,822 will vest on July 4, 2028.

4. Represents deferred stock units which will vest on April 30, 2026. Each deferred stock unit is the economic equivalent of one share of the Registrant's common stock and is settled solely in cash.

	/s/ Abbey MacDonald, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did SUNB executive Brad Lull report in this Form 4 filing?

Brad Lull reported receiving equity-based awards, including common stock, performance units, and deferred stock units. All transactions were grants or awards at $0.00 per share, reflecting compensation-related acquisitions rather than open-market purchases or sales.

How many Sunbelt Rentals (SUNB) common shares did Brad Lull acquire?

Brad Lull was granted 29,079 shares of common stock on March 2, 2026 and 53,706 shares on February 27, 2026. Following these awards, his directly held common stock position totaled 82,785 shares, according to the reported post-transaction holdings.

What are the deferred stock units disclosed for SUNB EVP Brad Lull?

He received 3,387 deferred stock units on February 27, 2026. A footnote states these units will vest on April 30, 2026, are economically equivalent to one share of common stock each, and are settled solely in cash rather than in actual shares.

How do Ashtead Group plc shares relate to SUNB shares in this filing?

A footnote explains that 45,000 SUNB common shares were acquired in exchange for Ashtead Group plc ordinary shares. The swap occurred via a UK scheme of arrangement on a one-to-one exchange ratio, with no cash consideration paid or received in the transaction.

What restricted stock units and PSUs are reported for Sunbelt Rentals (SUNB)?

The filing notes 8,706 restricted stock units vesting in stages from 2026 to 2028, and performance stock units whose performance conditions were satisfied upon SUNB’s NYSE listing. These PSUs are scheduled to vest in separate tranches through July 4, 2028, each convertible into common stock.

Are there any insider share sales by Brad Lull in this SUNB Form 4?

No insider sales are reported. All transactions carry code A for grants or awards and are described as acquisitions. The filing shows compensation-based equity grants and unit awards, with no sale, disposal, or gift transactions disclosed for the reported dates.