Sunbelt Rentals Holdings, Inc. (SUNB): GC Lynne Fuller-Andrews to retire

Events in this filing

Item 5.02 as filed

Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 23, 2026, Lynne Fuller-Andrews, Executive Vice President, General Counsel and Corporate Secretary of Sunbelt Rentals Holdings, Inc. (the “ Company ”), notified the Company of her intention to retire effective November 1, 2027 (the “ Retirement Date ”). In connection with her retirement, Ms. Fuller-Andrews stepped down from her position as Executive Vice President, General Counsel and Corporate Secretary, effective October 23, 2026, but she will remain with the Company in a non-executive capacity through the Retirement Date (the “ Transition Period ”) to facilitate a seamless transition.
The Company has commenced a search for its next General Counsel.
In connection with her retirement, Ms. Fuller-Andrews entered into a Transition and Retirement Agreement (the “ Retirement Agreement ”) with the Company, pursuant to which Ms. Fuller-Andrews will receive a base salary of $637,500 during the Transition Period and a cash bonus for the Company’s fiscal year ending April 30, 2027 of $510,000. Ms. Fuller-Andrews will not be eligible to receive any additional cash or equity incentive compensation during the Transition Period. Subject to her execution and non-revocation of a release of claims, each of Ms. Fuller-Andrews’ equity awards that are outstanding on the Retirement Date will vest and be settled in accordance with the retirement provisions set forth in the applicable award agreement.
The foregoing description of the Retirement Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Retirement Agreement, a copy of which will be filed with the Company’s quarterly report on Form 10-Q and is incorporated herein by reference.