SUNB executive has shares withheld for tax on vesting
Sunbelt Rentals Holdings, Inc. Executive VP, Specialty, Kyle Horgan reported routine share dispositions tied to equity award vesting, not open-market sales.
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. Executive VP, Specialty, Kyle Horgan reported routine share dispositions tied to equity award vesting, not open-market sales. On June 19 and June 20, 2026, a total of 4,024 shares of common stock were withheld at $86.06 per share to cover tax withholding obligations.
According to the footnotes, the June 19 withholding related to vesting performance stock units whose performance condition was deemed satisfied in connection with the company’s New York Stock Exchange listing, while the June 20 withholding related to restricted stock unit vesting. After these tax withholdings, Horgan directly owned 88,233 shares of common stock.
Positive
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Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 660 | $86.06 | $57K |
| Exercise Price or Tax Liability | Common Stock | 3,364 | $86.06 | $290K |
Footnotes (2)
- F1. Represents shares withheld upon the vesting of performance stock units ("PSUs") to pay tax withholding obligations. The performance condition of the then-outstanding PSUs was deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange, and those PSUs were reported in Table I of the Reporting Person's Form 4 filed on March 3, 2026.
- F2. Represents shares withheld upon the vesting of restricted stock units ("RSUs") to pay tax withholding obligations.
Key Figures
Key Terms
performance stock units financial
restricted stock units financial
tax withholding obligations financial
initial listing on the New York Stock Exchange regulatory
FAQ
What insider transaction did Sunbelt Rentals Holdings (SUNB) report for Kyle Horgan?
Were the SUNB insider transactions by Kyle Horgan open-market sales of stock?
What triggered the performance stock unit vesting for SUNB Executive VP Kyle Horgan?
AI-generated analysis. How Rhea-AI works. Not financial advice.