United Rentals (NYSE: URI) COO surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED RENTALS, INC. executive reports tax-related share disposition. EVP and Chief Operating Officer Michael D. Durand surrendered 82.272 shares of common stock at $820.58 per share to cover tax withholding tied to vesting and settlement of previously granted restricted stock units. Following this transaction, he directly holds 7,375.265 shares of United Rentals common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Durand Michael D
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 82.272 | $820.58 | $68K |
Holdings After Transaction:
Common Stock — 7,375.265 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did United Rentals (URI) executive Michael Durand report on Form 4?
Michael D. Durand reported a tax-related disposition of United Rentals common stock. He surrendered 82.272 shares to cover tax withholding arising from the vesting and settlement of previously granted restricted stock units that had been reported earlier on Form 3.
Was Michael Durand’s United Rentals (URI) transaction an open-market sale or tax withholding?
The transaction was a tax-withholding disposition, not an open-market sale. Durand surrendered 82.272 shares to cover tax liabilities associated with restricted stock units that vested and settled, as explained in the Form 4 footnote describing the purpose of the share surrender.