Sunbelt Rentals Holdings (SUNB) director acquires shares and RSUs
Rhea-AI Filing Summary
Sunbelt Rentals Holdings director Roy Twite reported two equity awards. On February 27, he acquired 1,550 shares of common stock in exchange for ordinary shares of Ashtead Group plc on a one‑for‑one basis, with no cash paid or received.
On March 2, he received 1,189 restricted stock units, each representing a right to one share of common stock. These units vest on the earlier of March 2, 2027, or the day immediately before the next annual shareholder meeting. Following these transactions, he directly holds 2,739 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,189 | $0.00 | -- |
| Grant/Award | Common Stock | 1,550 | $0.00 | -- |
Footnotes (1)
- Represents 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. Represents restricted stock units which will vest on the earlier of March 2, 2027 and the day immediately preceding the date of the next annual shareholder meeting. Each restricted stock unit represents a contractual right to receive one share of common stock of the Registrant.
FAQ
What insider transactions did SUNB director Roy Twite report?
Roy Twite reported acquiring 1,550 common shares and 1,189 restricted stock units in Sunbelt Rentals Holdings. The 1,550 shares came from exchanging Ashtead Group plc ordinary shares, while the 1,189 units are equity awards that may convert into common stock upon vesting.
What are the vesting terms of Roy Twite’s 1,189 SUNB restricted stock units?
The 1,189 restricted stock units will vest on the earlier of March 2, 2027, or the day immediately preceding the next annual shareholder meeting. Each vested unit entitles Roy Twite to receive one share of Sunbelt Rentals Holdings common stock.