Recent Updates — SUNB

Lynne Fuller-Andrews, Executive Vice President, General Counsel and Corporate Secretary of Sunbelt Rentals Holdings, Inc., notified the Company of her intention to retire effective November 1, 2027. She stepped down from her executive role on October 23, 2026, but will remain in a non-executive capacity through the Retirement Date to facilitate a seamless transition. Under the Transition and Retirement Agreement, she will receive a base salary of $637,500 during the transition period and a cash bonus of $510,000 for fiscal year 2027, totaling $1,147,500 in compensation. Her outstanding equity awards will vest according to retirement provisions upon execution of a release of claims. The Company has commenced a search for her successor. Sunbelt Rentals Holdings operates as the largest equipment rental company in the United States.

Sunbelt Rentals Holdings reported record first-quarter fiscal 2027 results for the period ended July 31, 2026. Total revenue increased 11.2% to $3,115 million and net income rose 17.4% to $438 million, with diluted earnings per share increasing 23.0% to $1.07. The company raised its full-year fiscal 2027 guidance, projecting total revenue growth of 6% to 9% (up from 4.5%-7.5%) and adjusted EBITDA of $4.92 billion to $5.12 billion. Additionally, the Board declared a quarterly cash dividend of $0.30 per share, payable on October 2, 2026, to shareholders of record as of September 18, 2026. Sunbelt Rentals is a leading global provider of equipment rental and services.

Sunbelt Rentals Holdings, Inc. completed the issuance and sale of $450,000,000 in 4.950% Senior Notes due 2030 and $750,000,000 in 5.650% Senior Notes due 2036. The 2030 Notes will mature on August 12, 2030, and the 036 Notes will mature on August 12, 2036. Sunbelt Rentals Holdings, Inc. operates in the equipment rental industry and provides rental solutions for construction and other industries.