United Rentals (NYSE: URI) awards 203-share stock grant to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED RENTALS, INC. director Terri L. Kelly received an equity award of 203 shares of Common Stock, valued at $937 per share, as a grant rather than an open-market purchase. After this award, she directly holds a total of 6,990 shares.
The award is in the form of Restricted Stock Units that are fully vested upon grant and convert into shares on a one-for-one basis. Payment of the shares is deferred, with settlement scheduled for May 8, 2029, subject to acceleration in certain circumstances.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kelly Terri L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 203 | $937.00 | $190K |
Holdings After Transaction:
Common Stock — 6,990 shares (Direct, null)
Footnotes (1)
- Represents Restricted Stock Units that will be settled for shares of Common Stock on a one-for-one basis in accordance with the terms of a Director Restricted Stock Unit Agreement between the Company and the Reporting Person. Restricted Stock Units are fully vested upon award. However, subject to acceleration in certain circumstances, payment in respect of the Units will not be made until May 8, 2029.
Key Figures
Equity award size: 203 shares
Grant value per share: $937 per share
Post-award holdings: 6,990 shares
+2 more
5 metrics
Equity award size
203 shares
Restricted Stock Units granted to director Terri L. Kelly
Grant value per share
$937 per share
Recorded price for Common Stock award
Post-award holdings
6,990 shares
Total Common Stock directly held after transaction
Settlement date
May 8, 2029
Deferred payment date for RSU settlement
RSU conversion ratio
1-for-1
Each Restricted Stock Unit settles into one share of Common Stock
Key Terms
Restricted Stock Units, Director Restricted Stock Unit Agreement, fully vested upon award, Form 4
4 terms
Restricted Stock Units financial
"Represents Restricted Stock Units that will be settled for shares of Common Stock on a one-for-one basis"
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.
Director Restricted Stock Unit Agreement financial
"in accordance with the terms of a Director Restricted Stock Unit Agreement between the Company and the Reporting Person"
fully vested upon award financial
"Restricted Stock Units are fully vested upon award. However, subject to acceleration in certain circumstances"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did United Rentals (URI) report for Terri L. Kelly?
United Rentals reported that director Terri L. Kelly received a grant of 203 shares of Common Stock as an equity award. This was classified as a grant or award acquisition, not an open-market stock purchase or sale.
At what value was Terri L. Kelly’s stock award in United Rentals (URI) recorded?
The 203-share stock award to Terri L. Kelly was recorded at $937 per share. This value reflects the grant price used for the award and does not indicate a market trade executed by the director.
What type of equity award did Terri L. Kelly receive from United Rentals (URI)?
She received Restricted Stock Units that will settle into Common Stock on a one-for-one basis. The units are fully vested upon award under a Director Restricted Stock Unit Agreement with United Rentals, according to the Form 4 footnotes.
When will Terri L. Kelly’s United Rentals (URI) Restricted Stock Units be paid out?
Payment for the Restricted Stock Units is scheduled for May 8, 2029. The footnotes state the units are fully vested upon award, but settlement is deferred until that date, subject to potential acceleration in certain circumstances.