v3.26.1
Stockholders' Equity
 12 Months Ended
Apr. 30, 2026
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The following table presents a summary of the Company’s share activity:
Year Ended April 30,
20262025
Common stock, £0.10 ($0.18) par value:
Balance at beginning of year451,354,833 
451,354,833 
Cancellation of treasury stock
(37,390,748)
— 
Cancellation of common stock
(413,964,085)
— 
Balance at end of year
— 451,354,833 
Common stock, $0.01 par value:
Balance at beginning of year
— — 
Issue of common stock
413,963,685 
— 
Settlement of stock-based compensation
1,902 — 
Balance at end of year
413,965,587 — 
Treasury stock:
Balance at beginning of year
20,111,957 14,056,026 
Repurchase of common stock
20,972,292 
6,055,931 
Cancellation of treasury stock
(37,390,748)
— 
Balance at end of year
3,693,501 20,111,957 
Common stock held by the ESOT:
Balance at beginning of year
534,660 853,869 
Settlement of stock-based compensation
(175,178)
(319,209)
Sale of shares by ESOT
(359,482)
— 
Balance at end of year
— 534,660 
Common Stock
Effective February 27, 2026, Ashtead completed a reorganization pursuant to a U.K. court-sanctioned scheme of arrangement, which resulted in the establishment of Sunbelt Rentals Holdings, Inc. as the new U.S. holding company.
Ashtead’s common stock of £0.10 ($0.18) par value ceased trading on the London Stock Exchange and was subsequently cancelled. Common stock of $0.01 par value was issued to shareholders by Sunbelt Rentals Holdings, Inc. in exchange for the Ashtead cancelled stock.
The total number of shares of capital stock which the Company has authority to issue is 2,500,000,000 shares of common stock and 25,000,000 shares of preferred stock, par value $0.01 per share. No preferred stock has been issued as at April 30, 2026.
Treasury Stock
On February 26, 2026, the Company cancelled all Ashtead Group plc ordinary shares held in treasury in connection with its U.S. listing and the Scheme.
On March 2, 2026, the Company commenced a new share repurchase program of shares of Sunbelt Rentals Holdings, Inc. common stock up to $1.5 billion, which was previously announced on December 9, 2025. At April 30, 2026, the Company had made $259 million repurchases and these shares are reflected as treasury stock.
Employee Share Ownership Trust (“ESOT”)
The ESOT was previously established in connection with the Company’s long-term incentive plans. During fiscal 2026, the Company commenced the termination of the ESOT with all outstanding shares sold.