Sunbelt Rentals (SUNB) COO has 912 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. Chief Operating Officer John Washburn reported a routine tax-related share disposition linked to equity compensation. When restricted stock units vested, 912 shares of common stock were withheld at $72.34 per share to cover tax withholding obligations rather than being sold on the open market. After this withholding, Washburn directly holds 75,745 shares of Sunbelt Rentals common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Washburn John
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 912 | $72.34 | $66K |
Holdings After Transaction:
Common Stock — 75,745 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 912 shares
Withholding share value: $72.34 per share
Shares held after transaction: 75,745 shares
3 metrics
Shares withheld for taxes
912 shares
Withheld on RSU vesting to pay tax obligations
Withholding share value
$72.34 per share
Value used for tax-withholding disposition
Shares held after transaction
75,745 shares
Direct common stock holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Chief Operating Officer
3 terms
restricted stock units financial
"Represents shares withheld upon the vesting of restricted stock units to pay tax withholding obligations."
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.
tax withholding obligations financial
"Represents shares withheld upon the vesting of restricted stock units to pay tax withholding obligations."
Chief Operating Officer financial
"Chief Operating Officer"
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
FAQ
What insider transaction did Sunbelt Rentals (SUNB) report for John Washburn?
Sunbelt Rentals reported its COO John Washburn had 912 shares withheld to cover taxes on vested restricted stock units. This is a routine compensation-related event, not an open-market purchase or sale of shares.
Was the Sunbelt Rentals (SUNB) COO’s Form 4 transaction an open-market sale?
No, the filing shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company when restricted stock units vested to satisfy tax obligations associated with that equity award.