v3.26.1
Stockholders' Equity
 3 Months Ended
Jul. 31, 2026
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The following table presents a summary of the Company’s share activity:
July 31,
20262025
Ashtead share capital, £0.10 ($0.18) par value:
Balance at beginning of period— 
451,354,833 
Balance at end of period
— 451,354,833 
Sunbelt Rentals common stock, $0.01 par value:
Balance at beginning of period413,965,587 — 
Settlement of stock-based compensation
537,227 — 
Balance at end of period
414,502,814 — 
Treasury stock:
Balance at beginning of period3,693,501 20,111,957 
Repurchase of common stock
725,000 
5,425,460 
Settlement of stock-based compensation
216,832 
— 
Balance at end of period
4,635,333 25,537,417 
Common stock held by the ESOT:
Balance at beginning of period— 534,660 
Settlement of stock-based compensation
— 
(461,036)
Repurchase of common stock
— 290,888 
Balance at end of period
— 364,512 
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, with a par value of £0.10 ($0.18) per share, ceased trading on the London Stock Exchange and was subsequently cancelled. Common stock with a par value of $0.01 per share was issued to the former Ashtead 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 of July 31, 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. As of July 31, 2026, the Company had made $315 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.