Sunbelt Rentals (SUNB) COO reports tax-withholding share dispositions after NYSE listing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. Chief Operating Officer John Washburn reported routine tax-related share dispositions. On June 19 and June 20, 2026, a total of 4,654 shares of Common Stock were withheld at $86.06 per share to cover tax withholding obligations tied to vesting equity awards.
Footnotes explain that 3,827 of these shares were withheld upon vesting of performance stock units whose performance condition was deemed satisfied in connection with the company’s initial listing on the New York Stock Exchange, and 827 shares were withheld upon vesting of restricted stock units. These are not open-market sales. After these transactions, Washburn directly holds 69,042 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Washburn John
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 827 | $86.06 | $71K |
| Tax Withholding | Common Stock | 3,827 | $86.06 | $329K |
Holdings After Transaction:
Common Stock — 69,042 shares (Direct)
Footnotes (1)
- 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. Due to an administrative error, the Reporting Person's aggregate beneficial ownership of Common Stock as reported in the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" column in Table I of his Form 4 filed on March 3, 2026, was understated by 90 shares, and should have been 42,329 shares and 73,696 shares following the reported transactions, instead of 42,239 shares and 73,606 shares. The aggregate beneficial ownership reported in Table I above reflects the correction of this error. Represents shares withheld upon the vesting of restricted stock units to pay tax withholding obligations.
Key Figures
Tax-withheld shares (total): 4,654 shares
Tax-withheld shares (PSUs): 3,827 shares
Tax-withheld shares (RSUs): 827 shares
+3 more
6 metrics
Tax-withheld shares (total)
4,654 shares
Shares withheld for tax obligations on June 19–20, 2026
Tax-withheld shares (PSUs)
3,827 shares
Withheld upon PSU vesting at $86.06 per share
Tax-withheld shares (RSUs)
827 shares
Withheld upon RSU vesting at $86.06 per share
Price per share
$86.06 per share
Value used for tax-withholding dispositions
Shares owned after transactions
69,042 shares
Direct ownership after June 20, 2026 transaction
Corrected prior ownership difference
90 shares
Understatement corrected from earlier Form 4
Key Terms
performance stock units, restricted stock units, tax withholding obligations, initial listing on the New York Stock Exchange, +1 more
5 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 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 financial
"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"
aggregate beneficial ownership financial
"the Reporting Person's aggregate beneficial ownership of Common Stock as reported in the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" column"
FAQ
What did Sunbelt Rentals (SUNB) COO John Washburn report in this Form 4?
John Washburn reported that shares of Sunbelt Rentals Common Stock were withheld to pay tax obligations on vesting equity awards. These Form 4 transactions reflect tax-withholding dispositions, not open-market purchases or sales, and adjust his reported beneficial ownership accordingly.
Are the SUNB Form 4 transactions by John Washburn open-market sales?
No, the SUNB Form 4 transactions are not open-market sales. The filing states they are tax-withholding dispositions, where shares were withheld upon vesting of performance stock units and restricted stock units to pay associated tax liabilities, a common administrative mechanism for equity compensation.
What do the footnotes in the Sunbelt Rentals (SUNB) Form 4 explain?
The footnotes explain that shares were withheld upon vesting of performance and restricted stock units to cover taxes, that PSU performance conditions were satisfied in connection with the NYSE listing, and that a prior Form 4 understated beneficial ownership by 90 shares, now corrected in this report.