Sunbelt Rentals (NYSE: SUNB) EVP settles 3,370 deferred stock units in cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. reported that EVP & General Counsel Lynne Fuller-Andrews completed an "other" derivative transaction involving 3,370 Deferred Stock Units. These units were settled in cash at $76.53 per unit, based on the closing price of the company’s common stock on April 30, 2026, under the 2017 Deferred Bonus Plan. The settlement did not result in the issuance of any shares of common stock, and the reported balance of these Deferred Stock Units after the transaction is zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fuller-Andrews Lynne
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Deferred Stock Units | 3,370 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Deferred Stock Units settled: 3,370 units
Settlement value per unit: $76.53 per unit
Deferred Stock Units after transaction: 0 units
3 metrics
Deferred Stock Units settled
3,370 units
Number of Deferred Stock Units involved in the reported transaction
Settlement value per unit
$76.53 per unit
Cash value per unit based on closing price on April 30, 2026
Deferred Stock Units after transaction
0 units
Reported balance of Deferred Stock Units following the cash settlement
Key Terms
Deferred Stock Units, 2017 Deferred Bonus Plan, cash settlement
3 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.
2017 Deferred Bonus Plan financial
"pursuant to the Issuer's 2017 Deferred Bonus Plan; no shares of common stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did SUNB officer Lynne Fuller-Andrews report on this Form 4?
EVP & General Counsel Lynne Fuller-Andrews reported an "other" derivative transaction involving 3,370 Deferred Stock Units that were settled in cash under Sunbelt Rentals Holdings’ 2017 Deferred Bonus Plan.
How many Sunbelt Rentals (SUNB) Deferred Stock Units were settled and at what value?
A total of 3,370 Deferred Stock Units were settled in cash at $76.53 per unit, equal to the closing price of Sunbelt Rentals’ common stock on April 30, 2026.
What plan governed the deferred stock unit settlement reported by SUNB?
The settlement of the 3,370 Deferred Stock Units at $76.53 per unit was made pursuant to Sunbelt Rentals Holdings, Inc.’s 2017 Deferred Bonus Plan, as referenced in the Form 4 footnote.
What was the post-transaction holding of Deferred Stock Units for the SUNB officer?
Following the cash settlement of 3,370 Deferred Stock Units, the Form 4 reports a remaining balance of 0 Deferred Stock Units for the officer in this derivative position.