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RB Global (RBA) director awarded dividend equivalent rights on RSUs and DSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RB Global Inc. director Timothy J. O'Day reported compensation-related awards rather than open‑market trades. On June 18, 2026, he acquired several small blocks of Dividend Equivalent Rights tied to his deferred share units and restricted share units for 2024, 2025, and 2026.

Each Dividend Equivalent Right provides the economic value of one RB Global common share, with no cash exercise price. These rights vest and become payable only when the related deferred share units or restricted share units vest or are settled, so they function as incremental, stock-linked compensation rather than immediate share ownership changes.

Positive

  • None.

Negative

  • None.
Insider O'Day Timothy J.
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights (DSUs) 7 $0.00 --
Grant/Award Dividend Equivalent Rights (2024 RSUs) 8 $0.00 --
Grant/Award Dividend Equivalent Rights (2025 RSUs) 5 $0.00 --
Grant/Award Dividend Equivalent Rights (2026 RSUs) 6 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights (DSUs) — 73 shares (Direct, null); Dividend Equivalent Rights (2024 RSUs) — 73 shares (Direct, null); Dividend Equivalent Rights (2025 RSUs) — 27 shares (Direct, null); Dividend Equivalent Rights (2026 RSUs) — 6 shares (Direct, null)
Footnotes (1)
  1. The dividend equivalent rights accrued in respect of the reporting person's deferred share units, and become exercisable and payable concurrently with the deferred share units. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2024 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2025 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2026 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.
Dividend Equivalent Rights (2026 RSUs) 6.0000 rights Grant on June 18, 2026 at $0.0000 exercise price
Dividend Equivalent Rights (2025 RSUs) 5.0000 rights Grant on June 18, 2026 at $0.0000 exercise price
Dividend Equivalent Rights (2024 RSUs) 8.0000 rights Grant on June 18, 2026 at $0.0000 exercise price
Dividend Equivalent Rights (DSUs) 7.0000 rights Grant on June 18, 2026 at $0.0000 exercise price
Economic equivalence per right 1 common share Each right equals the economic equivalent of one RB Global common share
Post-transaction DER balance (2026 RSUs) 6.0000 rights Total Dividend Equivalent Rights following 2026 RSU-related transaction
Post-transaction DER balance (2025 RSUs) 27.0000 rights Total Dividend Equivalent Rights following 2025 RSU-related transaction
Post-transaction DER balance (DSUs) 73.0000 rights Total Dividend Equivalent Rights following DSU-related transaction
Dividend Equivalent Rights financial
"The dividend equivalent rights accrued in respect of the reporting person's deferred share units"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
deferred share units financial
"accrued in respect of the reporting person's deferred share units, and become exercisable"
Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.
restricted share units (RSU) financial
"accrued in respect of the 2024 grant of restricted share units (RSU)"
economic equivalent of one RBA common share financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share"
deferred share units (DSUs) financial
"The dividend equivalent rights accrued in respect of the reporting person's deferred share units"
Deferred share units (DSUs) are a form of long-term compensation that give an executive or director a payable claim whose value moves with the company’s stock price but is not paid out until a later date, often when they leave the company. Think of a DSU as an IOU tied to the share price that becomes cash or shares in the future; investors watch DSUs because they affect potential share dilution, the timing of cash outflows, and whether management’s interests align with long-term shareholder value.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
O'Day Timothy J.
(Last)(First)(Middle)
C/O RB GLOBAL, INC.
2 WESTBROOK CORPORATE CENTER
(Street)
WESTCHESTER ILLINOIS 60154
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
RB GLOBAL INC. [ RBA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Dividend Equivalent Rights (DSUs)(1)06/18/2026A7 (1) (1)Common Shares7$073D
Dividend Equivalent Rights (2024 RSUs)(2)06/18/2026A8 (2) (2)Common Shares8$073D
Dividend Equivalent Rights (2025 RSUs)(3)06/18/2026A5 (3) (3)Common Shares5$027D
Dividend Equivalent Rights (2026 RSUs)(4)06/18/2026A6 (4) (4)Common Shares6$06D
Explanation of Responses:
1. The dividend equivalent rights accrued in respect of the reporting person's deferred share units, and become exercisable and payable concurrently with the deferred share units. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share.
2. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2024 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.
3. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2025 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.
4. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The dividend equivalent rights accrued in respect of the 2026 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.
/s/ Maria Teresa Punsalan, attorney-in-fact for Timothy O'Day06/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did RB Global (RBA) director Timothy O'Day report in this Form 4?

Timothy O'Day reported awards of Dividend Equivalent Rights linked to his deferred share units and restricted share units. These are compensation-related derivative rights, not open-market stock purchases or sales, and mirror the economic value of RB Global common shares.

Are the RB Global (RBA) Form 4 transactions stock buys or sells?

No, the transactions are not stock buys or sells. They are grant/award acquisitions of Dividend Equivalent Rights with a zero exercise price, representing additional compensation tied to existing deferred share units and restricted share units rather than market trading activity.

What are Dividend Equivalent Rights in the RB Global (RBA) filing?

Dividend Equivalent Rights give the holder the economic equivalent of one RB Global common share per right. They accrue on outstanding deferred share units and restricted share units, and become exercisable or payable when the underlying units vest or are settled under the company’s plans.

How are the RB Global (RBA) Dividend Equivalent Rights priced?

The Dividend Equivalent Rights in this Form 4 have a $0.0000 exercise price, meaning no cash payment is required to realize their value. Their economic benefit tracks the value of RB Global common shares associated with the underlying deferred share units or restricted share units.

Which awards generated the Dividend Equivalent Rights for RB Global (RBA)?

The rights accrued on deferred share units and on restricted share unit grants for 2024, 2025, and 2026. Each related footnote states the rights vest or become exercisable in step with the underlying units to which they relate.