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RB Global (NYSE: RBA) director converts 1,918 RSUs into shares

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

Rhea-AI Filing Summary

RB Global Inc. director Michael D. Sieger reported compensation-related share acquisitions. On April 30, 2026, he exercised vested restricted share units (RSUs) and associated dividend equivalent rights, receiving 1,918 common shares at no cash cost. Each RSU and dividend equivalent right represented a contingent right to one common share or its economic equivalent, and they vested on the date of the issuer’s annual and special meeting of shareholders.

Positive

  • None.

Negative

  • None.
Insider Sieger Michael D
Role null
Type Security Shares Price Value
Exercise Restricted Share Units (2025 RSUs) 1,896 $0.00 --
Exercise Dividend Equivalent Rights (2025 RSUs) 22 $0.00 --
Exercise Common Shares 1,896 $0.00 --
Exercise Common Shares 22 $0.00 --
Holdings After Transaction: Restricted Share Units (2025 RSUs) — 0 shares (Direct, null); Dividend Equivalent Rights (2025 RSUs) — 0 shares (Direct, null); Common Shares — 7,597 shares (Direct, null)
Footnotes (1)
  1. Each RSU and DER represent a contingent right to receive one common share or the economic equivalent thereof. The RSUs and DERs vested on April 30, 2026, the date of the annual and special meeting of shareholders of the Issuer.
Shares from derivative exercises 1,918 shares Total exerciseShares in transaction summary for April 30, 2026
Dividend equivalent rights converted 22 shares Dividend Equivalent Rights (2025 RSUs) underlying common shares
Restricted share units converted 1,896 shares Restricted Share Units (2025 RSUs) underlying common shares
Post-transaction holding example 7,619 shares Total common shares following one reported April 30, 2026 transaction
Alternative post-transaction figure 7,597 shares Total common shares following another April 30, 2026 transaction line
Dividend Equivalent Rights financial
"Dividend Equivalent Rights (2025 RSUs)"
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.
Restricted Share Units financial
"Restricted Share Units (2025 RSUs)"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
contingent right financial
"Each RSU and DER represent a contingent right to receive one common share"
annual and special meeting of shareholders financial
"vested on April 30, 2026, the date of the annual and special meeting of shareholders"
A combined reference to the regular yearly gathering where shareholders vote on routine business (annual meeting) and any extra meetings called to decide urgent or specific matters (special meeting). Think of the annual meeting as the company’s yearly check-in and the special meeting as a quick boardroom session called when something important requires shareholder approval; both matter because they determine leadership, major policy, and actions that can change a stock’s value.
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*
Sieger Michael D
(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)
04/30/2026		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
Common Shares04/30/2026M1,896A(1)7,597D
Common Shares04/30/2026M22A(1)7,619D
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
Restricted Share Units (2025 RSUs)(1)04/30/2026M1,896 (2) (2)Common Shares1,896$00D
Dividend Equivalent Rights (2025 RSUs)(1)04/30/2026M22 (2) (2)Common Shares22$00D
Explanation of Responses:
1. Each RSU and DER represent a contingent right to receive one common share or the economic equivalent thereof.
2. The RSUs and DERs vested on April 30, 2026, the date of the annual and special meeting of shareholders of the Issuer.
/s/ Maria Teresa Punsalan, attorney-in-fact for Michael D. Sieger05/04/2026
** 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 Michael D. Sieger report in this Form 4?

Michael D. Sieger reported acquiring RB Global common shares through vesting of restricted share units and dividend equivalent rights. These awards converted into 1,918 common shares at no cash cost on April 30, 2026, reflecting routine equity compensation rather than open-market buying or selling.

How many RB Global (RBA) shares were acquired through the RSU and dividend rights vesting?

A total of 1,918 RB Global common shares were acquired when restricted share units and dividend equivalent rights vested. The Form 4 transaction summary identifies 1,918 shares associated with derivative exercises, representing equity awards converting into common stock as part of director compensation.

Were there any open-market purchases or sales by Michael D. Sieger of RB Global (RBA) shares?

The filing shows no open-market purchases or sales. All reported transactions use code M, indicating exercises or conversions of derivative securities. The transaction summary records four acquire-type entries and zero buy or sell entries, consistent with equity awards vesting into common shares.

What types of awards did RB Global (RBA) use in this director’s compensation?

The compensation involved restricted share units and dividend equivalent rights tied to RB Global common shares. Each RSU and dividend equivalent right represented a contingent right to receive one common share or its economic equivalent when vesting conditions were met on April 30, 2026.

When did the RB Global (RBA) RSUs and dividend equivalent rights vest for Michael D. Sieger?

The restricted share units and dividend equivalent rights vested on April 30, 2026. This date coincided with the annual and special meeting of shareholders of RB Global Inc., triggering the automatic conversion of these derivative awards into common shares at a stated price of zero.