Sunbelt Rentals Director Angus Cockburn Accrues 9 Dividend Equivalent Units

Executive Summary

On September 22, 2026, Sunbelt Rentals Holdings, Inc. ($SUNB) filed a Form 4 disclosing that Director Angus Cockburn acquired 9 shares of Common Stock on September 18, 2026. The transaction was executed at $0.00 per share, reflecting routine dividend equivalent unit accruals on existing equity awards.

Transaction Details

• Reporting Person: Angus Cockburn
• Role: Director
• Security: Common Stock
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 9 shares
• Price per Share: $0.00
• Total Consideration: $0.00
• Ownership Post-Transaction: 4,455 shares held directly

Filing Footnotes & Structural Context

Footnote 1 specifies that the 9 shares represent dividend equivalent units accrued in respect of outstanding restricted stock units (RSUs) held by Mr. Cockburn. Each unit confers the right to receive one share of common stock upon the vesting and settlement of the underlying RSUs.

Market and Trading Assessment

• Significance: Low
• Market Impact: Minimal to none. This transaction is an automatic, non-discretionary equity adjustment resulting from standard dividend equivalent accruals on director equity compensation, rather than open-market buying or selling.