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

RB Global (RBA) director receives 26 dividend equivalent rights tied to RSUs

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

Rhea-AI Filing Summary

Bales Brian A reported acquisition or exercise transactions in this Form 4 filing.

RB Global director Brian A. Bales received additional stock-based compensation tied to dividends rather than trading shares on the market. On June 18, 2026, he was granted a total of 26 dividend equivalent rights, each representing a contingent right to the economic value of one RBA common share.

The grants include rights linked to deferred share units and to restricted share units from the 2024, 2025, and 2026 RSU awards, plus director deferred share units. These rights accrue as dividends are paid and become exercisable and payable only as the related RSUs or deferred share units vest or are settled, so they function as routine, formula-based compensation rather than open-market purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Bales Brian A
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights (DSUs) 7 $0.00 --
Grant/Award Dividend Equivalent Rights (2024 RSUs) 8 $0.00 --
Grant/Award Dividend Equivalent Rights (2025 RSUs) 5 $0.00 --
Grant/Award Dividend Equivalent Rights (2026 RSUs) 6 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights (DSUs) — 73 shares (Direct, null); Dividend Equivalent Rights (2024 RSUs) — 73 shares (Direct, null); Dividend Equivalent Rights (2025 RSUs) — 27 shares (Direct, null); Dividend Equivalent Rights (2026 RSUs) — 6 shares (Direct, null)
Footnotes (1)
  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. 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; each tied to one common share
Dividend Equivalent Rights (2025 RSUs) 5 rights Granted June 18, 2026; accrue on 2025 RSU grant
Dividend Equivalent Rights (2024 RSUs) 8 rights Granted June 18, 2026; accrue on 2024 RSU grant
Dividend Equivalent Rights (DSUs) 7 rights Granted June 18, 2026; linked to deferred share units
Total new dividend equivalent rights 26 rights Sum of four grants on June 18, 2026
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
"accrued in respect of the reporting person's deferred share units, and become exercisable"
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
"accrued in respect of the 2024 grant of restricted share units (RSU), and become exercisable"
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"
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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*
Bales Brian A
(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)06/18/2026A7 (1) (1)Common Shares7$073D
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 Brian Bales06/23/2026
** 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

FAQ

What did RB Global (RBA) director Brian A. Bales report in this Form 4?

Brian A. Bales reported receiving 26 dividend equivalent rights tied to RB Global common shares. These are compensation-related awards that mirror dividends on his existing RSUs and deferred share units, not open-market stock purchases or sales.

Are the RB Global (RBA) transactions by Brian A. Bales stock purchases or sales?

The transactions are grants of derivative awards, not stock purchases or sales. They are dividend equivalent rights that accrue on existing RSUs and deferred share units, providing the economic value of dividends without changing the public share float.

How many dividend equivalent rights did Brian A. Bales receive at RB Global (RBA)?

He received 26 dividend equivalent rights on June 18, 2026. These consist of small blocks linked to 2024, 2025, and 2026 restricted share unit grants and to director deferred share units, each tied to the value of one RBA common share.

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 per unit. They accrue on existing RSUs and deferred share units as dividends are paid, vesting alongside those underlying awards instead of paying immediate cash.

When do Brian A. Bales’s dividend equivalent rights at RB Global (RBA) become exercisable?

The rights become exercisable and payable concurrently with the underlying awards. For deferred share units, they are exercisable when those units are settled. For RSUs from 2024, 2025, and 2026 grants, they vest proportionately as each related RSU tranche vests.

Do the dividend equivalent rights reported for RB Global (RBA) affect voting control?

The filing describes dividend equivalent rights as economic-only interests tied to RB Global common shares. They provide the cash or share value of dividends on RSUs and deferred share units, without describing any separate voting rights or direct ownership changes in common shares.