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

RB Global (RBA) CLO awarded dividend equivalent rights tied to RSU grants

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

Rhea-AI Filing Summary

Watt Darren Jeffrey reported acquisition or exercise transactions in this Form 4 filing.

RB Global Inc. reported that Chief Legal Officer Darren Jeffrey Watt received small compensation-related awards of dividend equivalent rights tied to prior restricted share unit grants. On June 18, 2026, he was granted 6 rights linked to 2026 RSUs, 3 rights linked to 2025 RSUs, and 2 rights linked to 2024 RSUs.

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share and becomes exercisable proportionately with the underlying RSUs. These are non-cash, non-market transactions and do not represent open-market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Watt Darren Jeffrey
Role Chief Legal Officer
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights (2024 RSUs) 2 $0.00 --
Grant/Award Dividend Equivalent Rights (2025 RSUs) 3 $0.00 --
Grant/Award Dividend Equivalent Rights (2026 RSUs) 6 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights (2024 RSUs) — 36 shares (Direct, null); Dividend Equivalent Rights (2025 RSUs) — 24 shares (Direct, null); Dividend Equivalent Rights (2026 RSUs) — 6 shares (Direct, null)
Footnotes (1)
  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. 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. 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.
Dividend equivalent rights (2026 RSUs) 6 rights Granted June 18, 2026; economic equivalent of common shares
Dividend equivalent rights (2025 RSUs) 3 rights Granted June 18, 2026; contingent on 2025 RSUs
Dividend equivalent rights (2024 RSUs) 2 rights Granted June 18, 2026; contingent on 2024 RSUs
Total rights after 2026 RSU transaction 6 rights Total following 2026 RSU-related grant
Total rights after 2025 RSU transaction 24 rights Total following 2025 RSU-related grant
Total rights after 2024 RSU transaction 36 rights Total following 2024 RSU-related grant
Grant price per right $0.0000 All three dividend equivalent right grants
Dividend Equivalent Rights financial
"Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share."
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 (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."
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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*
Watt Darren Jeffrey
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
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 (2024 RSUs)(1)06/18/2026A2 (1) (1)Common Shares2$036D
Dividend Equivalent Rights (2025 RSUs)(2)06/18/2026A3 (2) (2)Common Shares3$024D
Dividend Equivalent Rights (2026 RSUs)(3)06/18/2026A6 (3) (3)Common Shares6$06D
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.
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 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 Darren Jeffrey Watt06/22/2026
** 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 insider activity did RB Global (RBA) report for Darren Jeffrey Watt?

RB Global reported that Chief Legal Officer Darren Jeffrey Watt received grants of dividend equivalent rights tied to existing RSU awards. On June 18, 2026, he was awarded a total of 11 rights across 2024, 2025, and 2026 RSU grants as part of compensation.

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

Dividend equivalent rights are contingent rights to receive the economic equivalent of one RB Global common share. In this filing, they accrued on prior RSU grants and will become exercisable in step with those restricted share units, rather than through any market purchase or sale.

How many dividend equivalent rights did Darren Jeffrey Watt receive at RB Global (RBA)?

Darren Jeffrey Watt received 11 dividend equivalent rights in total. The Form 4 shows 6 rights related to 2026 RSUs, 3 rights related to 2025 RSUs, and 2 rights related to 2024 RSUs, all granted on June 18, 2026 as compensation awards.

Do the dividend equivalent rights reported for RB Global (RBA) involve open-market trading?

No, the reported dividend equivalent rights do not involve open-market trading. They are compensation-related awards with a zero dollar grant price, accruing on existing RSU grants and becoming exercisable proportionately with those RSUs rather than through market buy or sell transactions.

When do the RB Global (RBA) dividend equivalent rights become exercisable?

The dividend equivalent rights become exercisable proportionately with the restricted share units to which they relate. For each of the 2024, 2025, and 2026 RSU grants, the rights will vest and be exercisable on the same schedule as the corresponding RSUs, per the Form 4 footnotes.