Sunbelt Rentals (SUNB) grants EVP Brad Lull 7,615 RSUs as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lull Brad reported acquisition or exercise transactions in this Form 4 filing.
Sunbelt Rentals Holdings, Inc. executive Brad Lull, EVP of Strategy & Business Development, received an equity compensation grant of 7,615 restricted stock units (RSUs) of common stock at no cash cost. Each RSU equals one share of common stock when delivered.
According to the grant terms, one-third of these RSUs will vest on each of June 19, 2027, June 19, 2028, and June 19, 2029, subject to the applicable conditions. Following this award, Lull holds 89,655 shares of common stock directly, including this new RSU grant. The transaction is a routine compensation-related award, not an open-market purchase or sale.
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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,615 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 89,655 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units ("RSUs") granted by the Compensation Committee of the Company's Board of Directors pursuant to the Company's 2026 Omnibus Equity Incentive Plan. Each RSU represents a contractual right to receive one share of common stock of the Company. One-third of the RSUs shall vest on each of 06/19/2027, 06/19/2028 and 06/19/2029.
Key Figures
RSUs granted: 7,615 units
Grant price: $0.00 per unit
Shares after transaction: 89,655 shares
+3 more
6 metrics
RSUs granted
7,615 units
Award of restricted stock units to EVP on June 25, 2026
Grant price
$0.00 per unit
Compensation grant, not open-market purchase
Shares after transaction
89,655 shares
Total direct holdings following RSU grant
First vesting date
June 19, 2027
One-third of RSUs vest
Second vesting date
June 19, 2028
One-third of RSUs vest
Final vesting date
June 19, 2029
Final one-third of RSUs vest
Key Terms
restricted stock units ("RSUs"), 2026 Omnibus Equity Incentive Plan, Compensation Committee, vest
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted by the Compensation Committee"
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.
2026 Omnibus Equity Incentive Plan financial
"pursuant to the Company's 2026 Omnibus Equity Incentive Plan"
Compensation Committee financial
"granted by the Compensation Committee of the Company's Board of Directors"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
vest financial
"One-third of the RSUs shall vest on each of 06/19/2027, 06/19/2028 and 06/19/2029"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Sunbelt Rentals (SUNB) report for Brad Lull?
Sunbelt Rentals reported that EVP Brad Lull received a grant of 7,615 restricted stock units (RSUs). This is a compensation award, not an open-market trade, and each RSU represents one share of the company’s common stock when it is delivered.
What are the vesting terms of Brad Lull’s 7,615 RSUs at Sunbelt Rentals (SUNB)?
The 7,615 RSUs vest in three equal installments over time. One-third vests on June 19, 2027, another third on June 19, 2028, and the final third on June 19, 2029, assuming the applicable vesting conditions are satisfied.
Is Brad Lull’s Form 4 transaction in Sunbelt Rentals (SUNB) a stock purchase or sale?
The Form 4 shows a grant or award acquisition, not a market trade. Brad Lull received 7,615 RSUs at a reported price of $0.00 per unit as equity compensation, rather than buying or selling shares on the open market.
Under which plan were Brad Lull’s RSUs at Sunbelt Rentals (SUNB) granted?
The RSUs were granted under the company’s 2026 Omnibus Equity Incentive Plan. This plan allows the Compensation Committee to award equity-based incentives such as RSUs, each representing a contractual right to receive one share of common stock.