Sunbelt Rentals (NYSE: SUNB) EVP cash-settles 3,115 deferred stock units at $76.53
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. Executive VP, Specialty, Kyle Horgan reported a restructuring-type transaction involving 3,115 Deferred Stock Units. These units were cash-settled at a value of $76.53 per unit, based on the common stock closing price on April 30, 2026, and no common shares were issued, leaving this award with zero units outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Horgan Kyle
Role
Executive VP, Specialty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Deferred Stock Units | 3,115 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Deferred Stock Units settled: 3,115 units
Settlement value per unit: $76.53 per unit
Deferred Stock Units following transaction: 0 units
3 metrics
Deferred Stock Units settled
3,115 units
Number of Deferred Stock Units involved in the restructuring-type transaction
Settlement value per unit
$76.53 per unit
Closing price of common stock on April 30, 2026 used for cash settlement
Deferred Stock Units following transaction
0 units
Total Deferred Stock Units from this award remaining after cash settlement
Key Terms
Deferred Stock Units, cash settlement, 2017 Deferred Bonus Plan, Other acquisition or disposition
4 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.
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.
2017 Deferred Bonus Plan financial
"pursuant to the Issuer's 2017 Deferred Bonus Plan; no shares of common stock were issued"
Other acquisition or disposition financial
"transaction_code_description: Other acquisition or disposition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SUNB executive Kyle Horgan report on this Form 4?
Kyle Horgan reported a restructuring transaction involving 3,115 Deferred Stock Units. These units were settled in cash, based on Sunbelt Rentals Holdings, Inc. common stock’s closing price, rather than through the issuance of shares.
How many Sunbelt Rentals (SUNB) deferred stock units were settled for Kyle Horgan?
The filing shows a cash settlement of 3,115 Deferred Stock Units. After this settlement, the number of deferred stock units from this particular award is reported as zero units remaining in Horgan’s holdings.
At what value were Kyle Horgan’s SUNB deferred stock units settled?
The deferred stock units were settled at $76.53 per unit, which is stated as the closing price of Sunbelt Rentals common stock on April 30, 2026, used for valuing the cash settlement.
What plan governed the SUNB deferred stock unit settlement for Kyle Horgan?
The transaction was carried out under the company’s 2017 Deferred Bonus Plan. This plan allowed Horgan’s Deferred Stock Units to be settled in cash based on the common stock’s market closing price on the specified date.