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  4. [Form 4] RB GLOBAL INC. Insider Trading Activity

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

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

Rhea-AI Filing Summary

RB Global Inc. director Carol Stephenson reported compensation-related awards rather than open‑market trades. On 2026-06-18, she acquired dividend equivalent rights tied to deferred share units and restricted share units, with grants of 6, 5, 8 and 13 rights at a price of $0.00 per right.

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RB Global common share and becomes exercisable and payable in step with the related deferred share units or RSUs. Following these awards, reported holdings include 200 dividend equivalent rights linked to deferred share units, 73 linked to 2024 RSUs and 27 linked to 2025 RSUs, indicating small, routine adjustments to her equity-based compensation.

Positive

  • None.

Negative

  • None.
Insider Stephenson Carol
Role Director
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights (DSUs) 13 $0.00 $0.00
Grant/Award Dividend Equivalent Rights (2024 RSUs) 8 $0.00 $0.00
Grant/Award Dividend Equivalent Rights (2025 RSUs) 5 $0.00 $0.00
Grant/Award Dividend Equivalent Rights (2026 RSUs) 6 $0.00 $0.00
Holdings After Transaction: Dividend Equivalent Rights (DSUs) — 200 shares (Direct); Dividend Equivalent Rights (2024 RSUs) — 73 shares (Direct); Dividend Equivalent Rights (2025 RSUs) — 27 shares (Direct); Dividend Equivalent Rights (2026 RSUs) — 6 shares (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.
2026 RSU dividend equivalent rights granted 6 rights at $0.00 Grant of dividend equivalent rights on 2026 RSUs on June 18, 2026
2025 RSU dividend equivalent rights granted 5 rights at $0.00 Grant of dividend equivalent rights on 2025 RSUs on June 18, 2026
2024 RSU dividend equivalent rights granted 8 rights at $0.00 Grant of dividend equivalent rights on 2024 RSUs on June 18, 2026
DSU dividend equivalent rights granted 13 rights at $0.00 Grant of dividend equivalent rights on deferred share units on June 18, 2026
DSU-related rights after transactions 200 rights Total dividend equivalent rights linked to deferred share units after June 18, 2026 awards
2024 RSU-related rights after transactions 73 rights Total dividend equivalent rights linked to 2024 RSUs after June 18, 2026 awards
2025 RSU-related rights after transactions 27 rights Total dividend equivalent rights linked to 2025 RSUs after June 18, 2026 awards
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 of one RBA common share"
contingent right financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share"

FAQ

What did RB Global (RBA) director Carol Stephenson report in this Form 4?
Carol Stephenson reported awards of dividend equivalent rights linked to deferred share units and restricted share units. These are compensation-related derivative grants, not open‑market share purchases or sales, and track the value of RB Global common shares over time.

How many dividend equivalent rights did Carol Stephenson receive at RB Global (RBA)?
She received grants of 6 rights tied to 2026 RSUs, 5 tied to 2025 RSUs, 8 tied to 2024 RSUs, and 13 tied to deferred share units. Each right represents the economic equivalent of one RB Global common share.

Do these RB Global (RBA) Form 4 transactions involve buying or selling shares?
No, the Form 4 shows grant or award acquisitions of dividend equivalent rights at a price of $0.00 per right. These are derivative compensation awards, not open‑market stock purchases or sales, and follow the vesting or payment schedules of the related units.

What are dividend equivalent rights in RB Global (RBA) compensation plans?
Dividend equivalent rights provide the holder with the economic equivalent of dividends on RB Global common shares. In this filing, they accrue on deferred share units or RSUs and become exercisable and payable concurrently or proportionately with those underlying units, mirroring shareholder value over time.

What are Carol Stephenson’s reported holdings of RB Global (RBA) dividend equivalent rights after these transactions?
After the awards, reported holdings include 200 dividend equivalent rights relating to deferred share units, 73 relating to the 2024 RSU grant, and 27 relating to the 2025 RSU grant. These figures reflect her accumulated derivative compensation position tied to RB Global shares.

Are the RB Global (RBA) dividend equivalent rights immediately exercisable?
No, the rights become exercisable and payable on the same schedule as their underlying units. For deferred share units, they are exercisable concurrently, while for RSUs they become exercisable proportionately as those RSUs vest, aligning payouts with long‑term incentives.

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

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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*
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)
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)06/18/2026A13 (1) (1)Common Shares13$0200D
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 Carol Melba Stephenson06/23/2026
** 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