Sunbelt Rentals (NYSE: SUNB) EVP has 4,024 shares withheld for taxes
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
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,024 shares
Net Sell
2 txns
Insider
Horgan Kyle
Role
Executive VP, Specialty
| 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 |
Holdings After Transaction:
Common Stock — 88,233 shares (Direct)
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
Shares withheld for taxes: 4,024 shares
First withholding block: 3,364 shares
Second withholding block: 660 shares
+2 more
5 metrics
Shares withheld for taxes
4,024 shares
Tax-withholding dispositions on PSUs and RSUs
First withholding block
3,364 shares
Withheld on June 19, 2026 at $86.06/share
Second withholding block
660 shares
Withheld on June 20, 2026 at $86.06/share
Tax withholding price
$86.06 per share
Value used for both tax-withholding entries
Post-transaction holdings
88,233 shares
Directly owned after June 20, 2026 transaction
Key Terms
performance stock units, restricted stock units, tax withholding obligations, initial listing on the New York Stock Exchange
4 terms
performance stock units financial
"Represents shares withheld upon the vesting of performance stock units ("PSUs") to pay tax withholding obligations."
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
restricted stock units financial
"Represents shares withheld upon the vesting of restricted stock units ("RSUs") 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 performance stock units ("PSUs") to pay tax withholding obligations."
initial listing on the New York Stock Exchange regulatory
"The performance condition ... was deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Sunbelt Rentals Holdings (SUNB) report for Kyle Horgan?
Sunbelt Rentals Holdings reported that Executive VP, Specialty, Kyle Horgan had 4,024 common shares withheld to cover tax obligations on vesting equity awards. These were automatic tax-withholding dispositions, not open-market stock sales, and were reported as Form 4 transactions.
Were the SUNB insider transactions by Kyle Horgan open-market sales of stock?
No, the transactions were not open-market sales. They were classified as tax-withholding dispositions, where 4,024 shares of Sunbelt Rentals common stock were withheld to satisfy tax liabilities arising from vesting PSUs and RSUs granted to Kyle Horgan.
What triggered the performance stock unit vesting for SUNB Executive VP Kyle Horgan?
The performance stock units vested when their performance condition was deemed satisfied on March 2, 2026, in connection with Sunbelt Rentals Holdings’ initial listing on the New York Stock Exchange. Shares were then withheld upon vesting to cover related tax withholding obligations.