Form 4: United Rentals VP, Controller Andrew B. Limoges Reports Changes in Beneficial Ownership

Andrew B. Limoges, VP, Controller of United Rentals, Inc., reports transactions involving common stock, including acquisitions and disposals for tax purposes and vesting of restricted stock units.

Summary

• On March 4, 2025, Andrew B. Limoges disposed of 29.195 shares of common stock at $597.91 per share for tax purposes related to vesting restricted stock units.
• On March 5, 2025, Limoges acquired 237 shares of common stock at $633.89 per share, representing an award of restricted stock units vesting in installments until March 5, 2028.
• Also on March 5, 2025, Limoges acquired 235 shares of common stock at $633.89 per share, representing the 2024 annual bonus payable in common stock.
• On March 5, 2025, 108.899 shares were disposed of at $633.89 per share for tax purposes related to the 2024 annual bonus.
• Following these transactions, Limoges beneficially owns 2,629.117 shares of United Rentals common stock.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares as part of the annual bonus and vesting of restricted stock units indicates confidence in the company's future performance.

Future Outlook

One-third of the restricted stock units are scheduled to vest on each of March 5, 2026, March 5, 2027 and March 5, 2028.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects standard practices for equity-based compensation and tax obligations.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies like United Rentals, with companies such as Ashtead Group (AHT.L) and Herc Rentals (HRI) also utilizing stock options and restricted stock units as part of their compensation packages.
• The vesting schedules and tax withholding practices described in the filing are standard across the industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.

Key Dates