Sunbelt director granted 9 dividend stock units

Sunbelt Rentals Holdings, Inc. (SUNB) reported that director Paul Ashton Walker acquired 9 shares of common stock on September 18, 2026 through a grant of dividend equivalent units linked to his outstanding restricted stock units.

Rhea-AI Filing Summary

Sunbelt Rentals Holdings, Inc. (SUNB) reported that director Paul Ashton Walker acquired 9 shares of common stock on September 18, 2026 through a grant of dividend equivalent units linked to his outstanding restricted stock units. After this award, he holds 17,401 shares of common stock directly. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Grant/Award: 9 shares

Grant/Award 1 txn

Insider Walker Paul Ashton

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	9	$0.00	$0.00

Holdings After Transaction: Common Stock — 17,401 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent units accrued in respect of outstanding restricted stock units ("RSU") held by the Reporting Person. Each dividend equivalent unit represents the right to receive one share of the Issuer's common stock and will vest and settle with the underlying RSUs.

Key Figures

Shares acquired: 9 shares Price per share: $0.00 per share Holdings after transaction: 17,401 shares +2 more

5 metrics

Shares acquired 9 shares Grant of dividend equivalent units on September 18, 2026

Price per share $0.00 per share Grant or award acquisition of common stock

Holdings after transaction 17,401 shares Direct ownership after the September 18, 2026 award

Rule 10b5-1 plan status No Rule 10b5-1 plan reported Affirmation checkbox is not checked for this Form 4

Transaction code A (grant, award, or other acquisition) Characterization of the non-derivative transaction

Key Terms

dividend equivalent units, restricted stock units, vest and settle, Rule 10b5-1

4 terms

dividend equivalent units financial

"Represents dividend equivalent units accrued in respect of outstanding restricted"

Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.

restricted stock units financial

"respect of outstanding restricted stock units ("RSU") held by the Reporting"

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.

vest and settle financial

"and will vest and settle with the underlying RSUs."

Rule 10b5-1 regulatory

"Rule 10b5-1 checkbox is not affirmed for this Form 4"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SUNB director Paul Ashton Walker report?

He reported an acquisition of 9 shares of Sunbelt Rentals Holdings, Inc. common stock on September 18, 2026, received as dividend equivalent units tied to his existing restricted stock units.

How many SUNB shares does Paul Ashton Walker own after this Form 4 transaction?

Following the September 18, 2026 award, Paul Ashton Walker directly holds 17,401 shares of Sunbelt Rentals Holdings, Inc. common stock, as reported in the Form 4.

What are the 9 SUNB shares reported on this Form 4 for Paul Ashton Walker?

They represent dividend equivalent units accrued on outstanding restricted stock units (RSUs). Each unit represents the right to receive one share of SUNB common stock and will vest and settle together with the underlying RSUs.

Did Sunbelt Rentals director Paul Ashton Walker buy SUNB shares in the market?

No. The Form 4 shows a grant or award of 9 shares at a price of $0.00 per share as dividend equivalent units, rather than an open-market purchase.

Was Paul Ashton Walker’s SUNB transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, indicating the reported award of 9 dividend equivalent units was not disclosed as executed under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 05:01 PM Accepted by SEC EDGAR 09/22/2026 - 05:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walker Paul Ashton

(Last) (First) (Middle)

1799 INNOVATION PT

(Street)

FORT MILL SOUTH CAROLINA 29715

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sunbelt Rentals Holdings, Inc. [ SUNB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2026		A		9(1)	A	$0.00	17,401	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent units accrued in respect of outstanding restricted stock units ("RSU") held by the Reporting Person. Each dividend equivalent unit represents the right to receive one share of the Issuer's common stock and will vest and settle with the underlying RSUs.

	/s/ Gerald W. Clanton, Attorney-in-Fact	09/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)