Sunbelt Rentals (SUNB) EVP Lull has 820 RSU shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. executive Brad Lull reported a tax-withholding disposition of 820 shares of common stock at $72.34 per share. These shares were withheld when restricted stock units vested to cover tax obligations. After this transaction, he directly holds 88,835 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lull Brad
Role
EVP, Strategy & Business Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 820 | $72.34 | $59K |
Holdings After Transaction:
Common Stock — 88,835 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 820 shares
Implied share value: $72.34 per share
Shares owned after transaction: 88,835 shares
3 metrics
Tax-withheld shares
820 shares
Common stock withheld for tax on RSU vesting
Implied share value
$72.34 per share
Value used for 820-share tax-withholding disposition
Shares owned after transaction
88,835 shares
Direct common stock holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition, Common Stock
4 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."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did SUNB executive Brad Lull report on this Form 4?
EVP Brad Lull reported a tax-related disposition of 820 shares of Sunbelt Rentals common stock. The shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations, rather than being sold in the open market.
Was the SUNB Form 4 filing for an open-market sale or a tax withholding event?
The Form 4 reflects a tax withholding event, not an open-market sale. 820 common shares were withheld when restricted stock units vested to pay required tax withholding obligations, consistent with standard equity compensation practices for executives.