Sunbelt Rentals (NYSE: SUNB) EVP has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. executive vice president Brad Lull reported a routine compensation-related share withholding. On the vesting of restricted stock units, 745 shares of Common Stock were withheld at $86.06 per share to cover tax obligations. After this tax-withholding disposition, he directly holds 82,040 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lull Brad
Role
EVP, Strategy & Business Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 745 | $86.06 | $64K |
Holdings After Transaction:
Common Stock — 82,040 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 745 shares
Withholding price per share: $86.06 per share
Shares owned after transaction: 82,040 shares
+1 more
4 metrics
Shares withheld for taxes
745 shares
Withheld upon RSU vesting to cover tax obligations
Withholding price per share
$86.06 per share
Value used for tax-withholding disposition
Shares owned after transaction
82,040 shares
Direct SUNB common stock holdings post-transaction
Transaction code
Code F
Payment of tax liability by delivering securities
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, Common Stock
3 terms
restricted stock units ("RSUs") financial
"Represents shares withheld upon the vesting of restricted stock units ("RSUs") to pay tax withholding obligations."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"withheld upon the vesting of restricted stock units ("RSUs") to pay tax withholding obligations."
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SUNB executive Brad Lull report?
Brad Lull reported a tax-related share disposition. Upon RSU vesting, 745 SUNB common shares were withheld to cover tax obligations, rather than sold in the open market, reflecting a routine compensation and payroll-tax event.
Does the SUNB Form 4 show an open-market sale by Brad Lull?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were retained by the issuer to satisfy tax liabilities triggered when restricted stock units vested as part of his compensation package.
What does transaction code F mean in the SUNB Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. In this SUNB filing, it marks shares withheld upon restricted stock unit vesting to satisfy tax withholding obligations, not an open-market sale by the executive.