Sunbelt Rentals Holdings, Inc. — Form 10-Q
Filed September 9, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 22/100
What the filing says
Sunbelt Rentals amended Lynne Fuller-Andrews' employment agreement effective upon NYSE listing, establishing her role as EVP General Counsel with base salary of $495,000, target annual bonus of 75% of base salary (≈$371k), and equity eligibility. Severance upon termination without Cause or Good Reason ranges from 125% to 150% of (base + target bonus) depending on Change in Control timing, plus COBRA continuation. Separately, the company amended its nonqualified deferred compensation plan effective January 1, 2026, permitting eligible executives to defer up to 85% of salary/bonus with discretionary company matching and various distribution schedules.
Why this rating
Executive employment agreement and deferred comp plan amendment are routine governance items. Total annual cash compensation (~$866k) is immaterial relative to $22.3B asset base (<0.004%). No material business impact disclosed.
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