Sunbelt Rentals EVP Brad Lull Receives Routine Dividend Equivalent Units

Executive Summary

On September 22, 2026, Sunbelt Rentals Holdings, Inc. ($SUNB) filed a Form 4 disclosing a transaction by Brad Lull, Executive Vice President of Strategy & Business Development. On September 18, 2026, Mr. Lull acquired 31 shares of common stock (Code A) at $0.00 per share, bringing his direct ownership total to 89,665 shares.

Transaction Details

• Security: Common Stock
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 31
• Price per Share: $0.00
• Post-Transaction Holdings: 89,665 shares
• Nature of Holding: Direct

Footnote disclosures indicate that these shares represent dividend equivalent units accrued in connection with outstanding restricted stock units (RSUs) held by the reporting person. Each dividend equivalent unit grants the right to receive one share of common stock upon the vesting and settlement of the underlying RSUs.

Market Significance

The transaction is classified as Low Significance. The acquisition reflects routine dividend equivalent unit accruals rather than discretionary open-market buying or selling. It has no material impact on corporate control or insider sentiment.