United Rentals director granted phantom stock units

UNITED RENTALS, INC. director Marc A. Bruno reported a compensation-related award rather than an open-market trade.

Rhea-AI Filing Summary

UNITED RENTALS, INC. director Marc A. Bruno reported a compensation-related award rather than an open-market trade. He acquired 51 Phantom Stock Units under the company’s Deferred Compensation Plan for Directors, valued at $728.56 per unit, economically tied to the price of Common Stock.

These Phantom Stock Units are designed to mirror one share of Common Stock each and will be delivered on a one-for-one basis after he leaves the board. Following this grant, Bruno’s total deferred balance tied to Common Stock stands at 7,508 units.

Insider Trade Summary

Grant/Award: 51 shares

Grant/Award 1 txn

Insider Bruno Marc A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	51	$728.56	$37K

Holdings After Transaction: Common Stock — 7,508 shares (Direct)

Footnotes (3)

1. F1. Represents Phantom Stock Units acquired under the United Rentals, Inc. Deferred Compensation Plan for Directors. The Phantom Stock Units are deemed to be invested in shares of Common Stock (with each unit having the economic equivalent of one share).
2. F2. The Common Stock represented by the Phantom Stock Units will be paid to the reporting person on a one-for-one basis on the first day of the month immediately following termination of the reporting person's service as a director.
3. F3. Represents amount of deferred fees used to acquire one Phantom Stock Unit.

Key Figures

Phantom Stock Units granted: 51 units Grant reference value per unit: $728.56 per unit Total units after grant: 7,508 units +1 more

4 metrics

Phantom Stock Units granted 51 units Grant under Deferred Compensation Plan for Directors on 2026-03-31

Grant reference value per unit $728.56 per unit Economic equivalent per Phantom Stock Unit on grant date

Total units after grant 7,508 units Phantom Stock Units balance following this award

Security type Common Stock-linked units Phantom Stock Units deemed invested in Common Stock

Key Terms

Phantom Stock Units, Deferred Compensation Plan for Directors, economic equivalent of one share, one-for-one basis, +1 more

5 terms

Phantom Stock Units financial

"Represents Phantom Stock Units acquired under the United Rentals, Inc. Deferred Compensation Plan for Directors."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Deferred Compensation Plan for Directors financial

"Represents Phantom Stock Units acquired under the United Rentals, Inc. Deferred Compensation Plan for Directors."

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

economic equivalent of one share financial

"with each unit having the economic equivalent of one share"

one-for-one basis financial

"will be paid to the reporting person on a one-for-one basis"

deferred fees financial

"Represents amount of deferred fees used to acquire one Phantom Stock Unit."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did United Rentals (URI) director Marc A. Bruno report in this Form 4?

Marc A. Bruno reported receiving 51 Phantom Stock Units as director compensation, not an open-market stock purchase. These units track United Rentals Common Stock value and increase his deferred balance to 7,508 units, payable after his board service ends.

Is Marc A. Bruno buying or selling United Rentals (URI) shares in the market?

He is not buying or selling in the open market. The Form 4 shows a grant of Phantom Stock Units under a deferred compensation plan, representing director fees converted into equity-linked units, rather than cash purchases or sales of common shares.

How many United Rentals-linked Phantom Stock Units does Marc A. Bruno now hold?

After this grant of 51 Phantom Stock Units, Marc A. Bruno holds 7,508 units tied economically to United Rentals Common Stock. Each unit is designed to mirror one share’s value and will be settled one-for-one after his board service ends.

What are Phantom Stock Units in the United Rentals (URI) director plan?

Phantom Stock Units are bookkeeping units that mirror United Rentals Common Stock value. Directors acquire them through deferred fees, and each unit has the economic equivalent of one share. They are paid out in common stock after the director leaves the board.

When will Marc A. Bruno receive United Rentals shares for these Phantom Stock Units?

The Common Stock represented by the Phantom Stock Units will be paid to Marc A. Bruno on a one-for-one basis. This payout occurs on the first day of the month immediately following the end of his service as a United Rentals director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/01/2026 - 05:16 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bruno Marc A

(Last) (First) (Middle)

C/O UNITED RENTALS, INC.

100 FIRST STAMFORD PLACE, SUITE 700

(Street)

STAMFORD CONNECTICUT 06902

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNITED RENTALS, INC. [ URI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A		51(1)(2)	A	$728.56(3)	7,508	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents Phantom Stock Units acquired under the United Rentals, Inc. Deferred Compensation Plan for Directors. The Phantom Stock Units are deemed to be invested in shares of Common Stock (with each unit having the economic equivalent of one share).

2. The Common Stock represented by the Phantom Stock Units will be paid to the reporting person on a one-for-one basis on the first day of the month immediately following termination of the reporting person's service as a director.

3. Represents amount of deferred fees used to acquire one Phantom Stock Unit.

	/s/ Alison M. Walsh, Attorney-in-fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)