RB Global director granted dividend rights

RB Global Inc. director Carol Stephenson reported awards of dividend equivalent rights tied to her equity compensation.

Rhea-AI Filing Summary

RB Global Inc. director Carol Stephenson reported awards of dividend equivalent rights tied to her equity compensation. On the reported date she acquired 13 dividend equivalent rights on deferred share units, 8 rights related to 2024 restricted share units, and 6 rights related to 2025 restricted share units.

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RB Global common share, becoming exercisable in step with the underlying deferred share units or restricted share units.

Insider Trade Summary

Grant/Award: 27 shares

Grant/Award 3 txns

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)	6	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights (DSUs) — 187 contracts (Direct); Dividend Equivalent Rights (2024 RSUs) — 65 contracts (Direct); Dividend Equivalent Rights (2025 RSUs) — 22 contracts (Direct)

Footnotes (3)

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.

FAQ

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

What insider transaction did RB Global (RBA) report for Carol Stephenson?

RB Global reported that director Carol Stephenson acquired dividend equivalent rights linked to existing equity awards. She received three small grants tied to deferred share units and restricted share units, increasing her contingent right to receive the economic equivalent of RB Global common shares over time.

How many dividend equivalent rights did Carol Stephenson receive at RB Global?

Carol Stephenson received 13 dividend equivalent rights on deferred share units, 8 rights linked to 2024 restricted share units, and 6 rights linked to 2025 restricted share units. Each right is a derivative award that tracks the value of one RB Global common share when it becomes exercisable.

What are dividend equivalent rights in the RB Global (RBA) Form 4 filing?

Dividend equivalent rights are derivative awards that give the holder the economic equivalent of dividends on RB Global common shares. In this filing, they accrue on deferred share units and restricted share units and become exercisable proportionately as the underlying share-based awards vest or become payable in the future.

Are Carol Stephenson’s dividend equivalent rights at RB Global directly owned?

Yes, the filing classifies Carol Stephenson’s dividend equivalent rights as directly owned. The transactions are coded as derivative acquisitions with direct ownership, and the footnotes do not indicate any separate entity, trust, or partnership holding voting or investment authority over these awards on her behalf.

Do the dividend equivalent rights reported by RB Global involve cash purchases or sales?

No, the dividend equivalent rights were granted at a reported price of zero per right, indicating they are compensation awards rather than open-market trades. They accrue automatically on existing deferred share units and restricted share units, reflecting dividend equivalents instead of cash-based share purchases or sales.

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

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Accepted by SEC EDGAR 03/04/2026 - 03:41 PM EST 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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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 (DSUs)	(1)	03/02/2026		A		13		(1)	(1)	Common Shares	13	$0	187	D
Dividend Equivalent Rights (2024 RSUs)	(2)	03/02/2026		A		8		(2)	(2)	Common Shares	8	$0	65	D
Dividend Equivalent Rights (2025 RSUs)	(3)	03/02/2026		A		6		(3)	(3)	Common Shares	6	$0	22	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.

	/s/ Maria Teresa Punsalan, attorney-in-fact for Carol Melba Stephenson	03/04/2026
	** 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.