Sunbelt COO reports tax-withholding share dispositions
Sunbelt Rentals Holdings, Inc. Chief Operating Officer John Washburn reported routine tax-related share dispositions.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 827 | $86.06 | $71K |
| Exercise Price or Tax Liability | Common Stock | 3,827 | $86.06 | $329K |
Footnotes (3)
- 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. 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.
- F3. Represents shares withheld upon the vesting of restricted stock units 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 financial
aggregate beneficial ownership financial
FAQ
What did Sunbelt Rentals (SUNB) COO John Washburn report in this Form 4?
Are the SUNB Form 4 transactions by John Washburn open-market sales?
What do the footnotes in the Sunbelt Rentals (SUNB) Form 4 explain?
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