Sunbelt Rentals Holdings (NYSE: SUNB) EVP receives major stock and unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings executive Kyle Horgan, Executive VP, Specialty, reported stock-based awards in connection with the company’s transition and stock plans. He received 27,380 shares of common stock on March 2, 2026, and 64,580 shares of common stock on February 27, 2026, both as grant or award acquisitions at no cash cost.
On February 27, 2026 he was also granted 3,115 deferred stock units, each economically equal to one common share and settled solely in cash, vesting on April 30, 2026. Footnotes describe additional restricted stock units and performance stock units that vest over 2026–2028, with PSU performance conditions deemed satisfied upon the company’s New York Stock Exchange listing.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Horgan Kyle
Role
Executive VP, Specialty
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,380 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 3,115 | $0.00 | -- |
| Grant/Award | Common Stock | 64,580 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 91,960 shares (Direct);
Deferred Stock Units — 3,115 shares (Direct)
Footnotes (1)
- Includes 56,254 shares of common stock of the Registrant acquired in exchange for ordinary shares of Ashtead Group plc ("Ashtead") beneficially owned by the Reporting Person, upon completion of the scheme of arrangement effected by Ashtead, the Registrant's predecessor, under Part 26 of the UK Companies Act 2006. The exchange ratio was one-to-one and no cash consideration was paid or received. Includes 8,326 restricted stock units, of which 1,509 will vest on June 20, 2026; 1,770 will vest on July 4, 2026; 1,508 will vest on June 20, 2027; 1,770 will vest on July 4, 2027; and 1,769 will vest on July 4, 2028. Each restricted stock unit represents a contractual right to receive one share of common stock of the Registrant. Represents performance stock units ("PSUs"), each representing a contractual right to receive one share of common stock of the registrant. The performance conditions of the PSUs were deemed satisfied on March 2, 2026, in connection with the Registrant's initial listing on the New York Stock Exchange and as further discussed in the Registrant's Registration Statement on Form 10/A filed on February 13, 2026. Of such PSUs, 7,758 will vest on June 19, 2026; 9,030 will vest on June 20, 2027; and 10,592 will vest on July 4, 2028. Represents deferred stock units which will vest on April 30, 2026. Each deferred stock unit is the economic equivalent of one share of the Registrant's common stock and is settled solely in cash.
FAQ
What did SUNB executive Kyle Horgan report in this Form 4 filing?
Kyle Horgan reported , not open-market trades. He was granted common stock, performance-related units, restricted stock units, and deferred stock units that vest over several years, reflecting long-term incentive compensation tied to Sunbelt Rentals Holdings’ equity.
What are the deferred stock units disclosed for SUNB’s Kyle Horgan?
Horgan received 3,115 deferred stock units, each economically equivalent to one Sunbelt Rentals common share but settled solely in cash. These deferred stock units will vest on April 30, 2026, providing cash-settled exposure to the company’s share value.
How do performance stock units and restricted stock units vest for SUNB’s executive?
Footnotes state Horgan holds restricted stock units and performance stock units that each convert into one common share upon vesting. Various tranches vest between June 2026 and July 2028, with some performance conditions tied to Sunbelt Rentals’ New York Stock Exchange listing already deemed satisfied.