RB Global director granted dividend rights units

RB GLOBAL director Carol Stephenson accrued additional dividend equivalent rights linked to existing deferred share units and RSU grants.

Rhea-AI Filing Summary

RB GLOBAL INC. (symbol: RBA) is the issuer of record for a Form 4 filing submitted to the SEC. Stephenson Carol reported acquisition or exercise transactions in this Form 4 filing.

RB GLOBAL INC. (RBA) reported that director Carol Stephenson received several awards of dividend equivalent rights on September 17, 2026. These included 17 dividend equivalent rights tied to deferred share units (bringing that holding to 217), and 11, 8, and 8 rights tied to 2024, 2025 and 2026 RSU grants, raising those respective balances to 84, 35 and 14. Each dividend equivalent right is a contingent right to receive the economic equivalent of one RBA common share and becomes exercisable in step with the related deferred share units or restricted share units. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 44 shares

Grant/Award 4 txns

Insider Stephenson Carol

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights (DSUs) F1	17	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2024 RSUs) F2	11	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2025 RSUs) F3	8	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2026 RSUs) F4	8	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights (DSUs) — 217 contracts (Direct); Dividend Equivalent Rights (2024 RSUs) — 84 contracts (Direct); Dividend Equivalent Rights (2025 RSUs) — 35 contracts (Direct); Dividend Equivalent Rights (2026 RSUs) — 14 contracts (Direct)

Footnotes (4)

1. F1. 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. F2. 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. F3. 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. F4. 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.

Key Figures

Dividend Equivalent Rights (DSUs) acquired: 17 rights Dividend Equivalent Rights (2024 RSUs) acquired: 11 rights Dividend Equivalent Rights (2025 RSUs) acquired: 8 rights +2 more

5 metrics

Dividend Equivalent Rights (DSUs) acquired 17 rights Granted September 17, 2026; total DSU-related dividend equivalent rights now 217

Dividend Equivalent Rights (2024 RSUs) acquired 11 rights Granted September 17, 2026; total 2024 RSU-related rights now 84

Dividend Equivalent Rights (2025 RSUs) acquired 8 rights Granted September 17, 2026; total 2025 RSU-related rights now 35

Dividend Equivalent Rights (2026 RSUs) acquired 8 rights Granted September 17, 2026; total 2026 RSU-related rights now 14

Right-to-share equivalence 1 right : 1 RBA common share equivalent Each dividend equivalent right provides the economic equivalent of one common share

Key Terms

Dividend Equivalent Rights, deferred share units, restricted share units (RSU), economic equivalent

4 terms

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

"The dividend equivalent rights accrued in respect of the reporting person's deferred share units"

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

"The dividend equivalent rights accrued in respect of the 2024 grant of restricted share units (RSU)"

economic equivalent financial

"Each dividend equivalent right represents a contingent right to receive the economic equivalent"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did RBA director Carol Stephenson report on September 17, 2026?

She reported four acquisitions of dividend equivalent rights: 17 tied to deferred share units, and 11, 8 and 8 tied to 2024, 2025 and 2026 RSU grants, respectively, all at a reported price of $0.00 per right.

How many dividend equivalent rights does Carol Stephenson now hold in each RBA award bucket?

After the transactions, she holds 217 dividend equivalent rights related to deferred share units, 84 related to 2024 RSUs, 35 related to 2025 RSUs, and 14 related to 2026 RSUs, all reported as direct ownership.

What do the dividend equivalent rights reported for RBA represent?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. They accrue on deferred share units or RSUs and become exercisable concurrently or proportionately with the related units.

Were Carol Stephenson’s RBA transactions made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 plan is reported for these dividend equivalent rights acquisitions.

Do these RBA dividend equivalent rights involve immediate cash payments or share issuance?

No immediate issuance is described. The rights are contingent and become exercisable and payable concurrently or proportionately with the related deferred share units or RSUs, providing the economic equivalent of one common share per right when settled.

What is the transaction code used for Carol Stephenson’s RBA dividend equivalent rights?

All four transactions use code A, indicating a grant, award or other acquisition of derivative securities rather than open-market purchases or sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 06:24 PM Accepted by SEC EDGAR 09/21/2026 - 06:23 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Stephenson Carol

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Rights (DSUs)	(1)	09/17/2026		A		17		(1)	(1)	Common Shares	17	$0	217	D
Dividend Equivalent Rights (2024 RSUs)	(2)	09/17/2026		A		11		(2)	(2)	Common Shares	11	$0	84	D
Dividend Equivalent Rights (2025 RSUs)	(3)	09/17/2026		A		8		(3)	(3)	Common Shares	8	$0	35	D
Dividend Equivalent Rights (2026 RSUs)	(4)	09/17/2026		A		8		(4)	(4)	Common Shares	8	$0	14	D

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 Carol Melba Stephenson	09/21/2026
	** Signature of Reporting Person	Date
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)