[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

Eric Guerin, Chief Financial Officer of RB Global Inc. (RBA), reported receipt of dividend equivalent rights tied to previously granted restricted share units. The Form 4 discloses two accruals dated 09/18/2025: 32 dividend equivalent rights related to the 2024 RSU grant and 57 dividend equivalent rights related to the 2025 RSU grant. Each dividend equivalent right represents a contingent economic entitlement equal to one RBA common share and becomes exercisable proportionately with the underlying RSUs.

The filing shows the ownership form as direct for both items and lists the amounts of common shares beneficially owned following the transactions as 225 and 83 respectively. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Guerin on 09/22/2025.

Insights

Financial Analyst

TL;DR: Officer received incremental dividend-equivalent rights tied to prior RSU grants; amounts are small and routine for compensation.

The report documents accruals of 32 and 57 dividend equivalent rights dated 09/18/2025 tied to 2024 and 2025 RSU grants. These rights are contingent and convert economically with the underlying RSUs, indicating customary compensation mechanics rather than open-market purchases or sales. The post-transaction beneficial ownership figures of 225 and 83 common shares suggest limited incremental dilution at the individual level. This disclosure is routine and has no standalone implications for company operations or capital structure beyond normal equity compensation.

Corporate Governance Expert

TL;DR: Form 4 shows routine equity-based compensation accounting mechanics; properly disclosed and signed by attorney-in-fact.

The filing clearly ties dividend equivalent rights to specific RSU grants (2024 and 2025), describing their contingent nature and exercisability aligned with underlying units. Filing by one reporting person with direct ownership forms and inclusion of beneficial ownership totals supports transparency in insider compensation. The signature by an attorney-in-fact on 09/22/2025 is noted and consistent with authorized filing practices.

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^*

Guerin Eric

(Last) (First) (Middle)

C/O RB GLOBAL, INC.

2 WESTBROOK CORPORATE CENTER

(Street)

WESTCHESTER IL 60154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RB GLOBAL INC. [ RBA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 (2024 RSUs)	(1)	09/18/2025		A		32		(1)	(1)	Common Shares	32	$0	225	D
Dividend Equivalent Rights (2025 RSUs)	(2)	09/18/2025		A		57		(2)	(2)	Common Shares	57	$0	83	D

Explanation of Responses:

1. 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.

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 2025 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 Eric Guerin	09/22/2025
	** 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.

FAQ

What did RB Global CFO Eric Guerin report on Form 4 (RBA)?

He reported accruals of 32 dividend equivalent rights related to the 2024 RSU grant and 57 dividend equivalent rights related to the 2025 RSU grant, both dated 09/18/2025.

What is a dividend equivalent right according to this filing?

The filing states each dividend equivalent right is a contingent right to receive the economic equivalent of one RBA common share, exercisable proportionately with the related RSUs.

How many common shares did Mr. Guerin beneficially own after the transactions?

The Form 4 lists beneficial ownership following the transactions as 225 common shares for the 2024-related rights and 83 common shares for the 2025-related rights.

When were the transactions and when was the Form 4 signed?

The transactions are dated 09/18/2025 and the Form 4 was signed by an attorney-in-fact on 09/22/2025.

Was the Form 4 filed by one reporting person or multiple?

The form indicates it was filed by one reporting person.