United Rentals (NYSE: URI) CFO surrenders stock to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED RENTALS, INC. executive vice president and CFO William E. Grace reported a routine tax-related share disposition. On this Form 4, he surrendered 154.237 shares of common stock at $820.58 per share to cover tax withholding tied to previously granted restricted stock units vesting. After this transaction, he directly holds 6,717.626 United Rentals common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Grace William E.
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 154.237 | $820.58 | $127K |
Holdings After Transaction:
Common Stock — 6,717.626 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did UNITED RENTALS (URI) report on this Form 4?
UNITED RENTALS reported that EVP and CFO William E. Grace surrendered shares in a tax-withholding disposition. The shares were used to satisfy tax obligations arising from the vesting and settlement of previously granted restricted stock units, rather than being sold in an open market trade.
Was the UNITED RENTALS (URI) CFO’s Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The Form 4 lists code F, indicating a tax-withholding disposition. Shares were surrendered to cover tax liabilities triggered by the vesting and settlement of previously reported restricted stock units, as explained in the footnote.
What does transaction code F mean in the UNITED RENTALS (URI) CFO’s Form 4?
Transaction code F on the Form 4 indicates a payment of exercise price or tax liability by delivering securities. In this case, it reflects that UNITED RENTALS’ CFO surrendered shares to satisfy tax obligations linked to the vesting and settlement of previously granted restricted stock units.
Why were UNITED RENTALS (URI) restricted stock units mentioned in this Form 4 filing?
Restricted stock units are mentioned because the surrendered shares relate to their vesting and settlement. When those previously granted units vested, they created a tax obligation, and the CFO delivered some of his United Rentals shares to cover those taxes, as detailed in the Form 4 footnote.