Sunbelt Rentals director granted 11 dividend shares
Sunbelt Rentals Holdings, Inc. (SUNB) reported that director Roy Twite acquired 11 shares of Common Stock on July 10, 2026 through a grant of dividend equivalent units tied to his outstanding restricted stock units.
Rhea-AI Filing Summary
Sunbelt Rentals Holdings, Inc. (SUNB) reported that director Roy Twite acquired 11 shares of Common Stock on July 10, 2026 through a grant of dividend equivalent units tied to his outstanding restricted stock units. Following this award, he holds 2,750 shares of Sunbelt Rentals common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 11 shares
Grant/Award
1 txn
Insider
Twite Roy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 11 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,750 shares (Direct)
Footnotes (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: 11 shares of Common Stock
Transaction price per share: $0.0000 per share
Shares owned after transaction: 2,750 shares
3 metrics
Shares acquired
11 shares of Common Stock
Grant of dividend equivalent units on July 10, 2026
Transaction price per share
$0.0000 per share
Grant/award acquisition of 11 shares
Shares owned after transaction
2,750 shares
Direct holdings of Roy Twite following the July 10, 2026 grant
Key Terms
dividend equivalent units, restricted stock units, vest and settle
3 terms
dividend equivalent units financial
"Represents dividend equivalent units accrued in respect of outstanding restricted stock units"
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
"accrued in respect of outstanding restricted stock units ("RSU") held by the Reporting Person"
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"
FAQ
What insider transaction did SUNB director Roy Twite report on this Form 4?
Director Roy Twite reported acquiring 11 shares of Sunbelt Rentals Holdings, Inc. (SUNB) Common Stock on July 10, 2026 through a grant of dividend equivalent units associated with his outstanding restricted stock units.
Was the SUNB Form 4 transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was an acquisition via grant (transaction code A), consisting of 11 dividend equivalent units that convert into an equal number of SUNB common shares.
What are dividend equivalent units in the context of SUNB’s Form 4?
The filing states that dividend equivalent units are accrued in respect of outstanding restricted stock units. Each unit represents the right to receive one SUNB common share and will vest and settle together with the underlying RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.