RB Global (RBA) CLO settles equity awards, holds over 31,000 shares

Rhea-AI Filing Summary

RB Global Inc.’s Chief Legal Officer Darren Jeffrey Watt reported multiple equity compensation events. On March 14, 2026, his 2023 and 2024 performance share units, restricted share units, and related dividend equivalent rights vested and were settled into common shares through option-style exercises coded “M,” covering 13,644 derivative-based rights.

To cover associated taxes, the company withheld a total of 7,302 common shares in “F” transactions at prices around $98.68 and $97.91 per share, which are not open-market sales. After these settlements, Watt directly holds 31,216 common shares. He also holds 2,094 restricted share units (2026 RSUs) granted on March 13, 2026, each representing a contingent right to one common share, and 2,994 common shares indirectly through an Employee Stock Purchase Plan.

The new 2026 RSUs vest in equal annual installments beginning on March 13, 2027, with underlying common shares to be released net of tax. Overall, the filing reflects routine compensation vesting, tax withholding, and a new equity award rather than open-market buying or selling.

Insights

Equity compensation analyst

Routine equity vesting and tax withholding; no open-market trades.

The filing shows Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., settling previously granted performance and restricted share units into common shares. He exercised 13,644 PSU/RSU-based rights at a stated exercise price of $0.00, a standard vesting event rather than discretionary buying.

To satisfy tax obligations, the issuer withheld 7,302 common shares in transactions coded “F” at prices near $98.68 and $97.91. These are non-market, tax-payment mechanisms and not sales reflecting a view on the stock. After these events, Watt directly owns 31,216 common shares and holds 2,094 unvested 2026 RSUs plus 2,994 common shares indirectly through an Employee Stock Purchase Plan, indicating continued equity exposure.

The grant of the 2,094 2026 RSUs on March 13, 2026 will vest in equal annual installments beginning March 13, 2027, adding a multi-year incentive component. With no open-market purchases or sales disclosed and no remaining derivative positions listed in the derivativeSummary, the overall signal is a routine compensation and tax event, appropriately viewed as neutral for investors.

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
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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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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
Common Shares								2,994(9)	I	Employee Stock Purchase Plan
Common Shares	03/14/2026		M		404	A	(1)	25,278	D
Common Shares	03/14/2026		M		10,976	A	(1)	36,254	D
Common Shares	03/14/2026		F		6,089(4)	D	$98.68	30,165	D
Common Shares	03/14/2026		M		915	A	(2)	31,080	D
Common Shares	03/14/2026		M		35	A	(2)	31,115	D
Common Shares	03/14/2026		F		509(5)	D	$98.68	30,606	D
Common Shares	03/14/2026		M		694	A	(2)	31,300	D
Common Shares	03/14/2026		M		17	A	(2)	31,317	D
Common Shares	03/14/2026		F		381(6)	D	$98.68	30,936	D
Common Shares	03/14/2026		M		597	A	(2)	31,533	D
Common Shares	03/14/2026		M		6	A	(2)	31,539	D
Common Shares	03/14/2026		F		323(7)	D	$97.91	31,216	D

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 (2023 PSUs)	(1)	03/14/2026		M			404	(1)	(1)	Common Shares	404	$0	0	D
Performance Share Units (2023 PSUs)	(1)	03/14/2026		M			10,976	(1)	(1)	Common Shares	10,976	$0	0	D
Restricted Share Units (2023 RSUs)	(2)	03/14/2026		M			915	(2)	(2)	Common Shares	915	$0	0	D
Dividend Equivalent Rights (2023 RSUs)	(2)	03/14/2026		M			35	(2)	(2)	Common Shares	35	$0	0	D
Restricted Share Units (2024 RSUs)	(2)	03/14/2026		M			694	(2)	(2)	Common Shares	694	$0	695	D
Dividend Equivalent Rights (2024 RSUs)	(2)	03/14/2026		M			17	(2)	(2)	Common Shares	17	$0	17	D
Restricted Share Units (2025 RSUs)	(2)	03/14/2026		M			597	(2)	(2)	Common Shares	597	$0	1,196	D
Dividend Equivalent Rights (2024 RSUs)	(2)	03/14/2026		M			6	(2)	(2)	Common Shares	6	$0	15	D
Restricted Share Units (2026 RSUs)	(3)	03/13/2026		A		2,094		(8)	(8)	Common Shares	2,094	$0	2,094	D

Explanation of Responses:

1. Each PSU and DER represents a contingent right to receive one RBA common share or the economic equivalent thereof. The PSUs and DERs vested on March 14, 2026, the PSUs and DERs will be settled in common shares issued to the reporting person, net applicable tax, as soon as practicable.

2. Each RSU and DER represent a contingent right to receive one RBA common share or the economic equivalent thereof. The RSUs and DERs vested on March 14, 2026, the RSUs and DERs will be settled in common shares issued to the reporting person, net applicable tax, as soon as practicable.

3. Each restricted share unit ("RSU") represents a contingent right to receive one RBA common share or the economic equivalent thereof.

4. Tax withholding on the 2023 PSUs and DERs that vested on March 14, 2026.

5. Tax withholding on the 2023 RSUs & DERs that vested on March 14, 2026

6. Tax withholding on the 2024 RSUs & DERs that vested on March 14, 2026.

7. Tax withholding on the 2025 RSUs & DERs that vested on March 14, 2026

8. The RSUs vest in equal annual installments beginning March 13, 2027. The common shares underlying vested RSUs will be released to the reporting person, net of tax.

9. Includes all Employee Stock Purchase plan purchases throught November 14, 2025.

	/s/ Maria Teresa Punsalan, attorney-in-fact for Darren Jeffrey Watt	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did RB Global (RBA) executive Darren Watt report in this Form 4?

Darren Jeffrey Watt reported vesting and settlement of multiple 2023–2025 performance and restricted share units into RB Global common shares, plus related dividend equivalent rights, along with tax-withholding share dispositions and a new 2026 RSU grant, all as part of his equity compensation.

How many RB Global shares does Darren Watt hold after these transactions?

After the reported transactions, Darren Watt directly owns 31,216 RB Global common shares. He also indirectly holds 2,994 common shares through an Employee Stock Purchase Plan and has 2,094 restricted share units outstanding, each representing a contingent right to receive one additional common share.

Were there any open-market purchases or sales by Darren Watt in RB Global stock?

No open-market purchases or sales were reported. The filing shows exercises of equity awards coded “M” and tax-withholding dispositions coded “F,” where shares were delivered to cover taxes. These are compensation and withholding mechanisms, not discretionary market trades in RB Global shares.

What equity awards vested for Darren Watt at RB Global on March 14, 2026?

On March 14, 2026, Darren Watt’s 2023 and 2024 performance share units, restricted share units, and associated dividend equivalent rights vested. In total, 13,644 derivative-based rights were exercised into RB Global common shares, with settlement in shares issued to him net of applicable tax withholding.

What new RB Global restricted share units did Darren Watt receive in 2026?

On March 13, 2026, Darren Watt received a grant of 2,094 Restricted Share Units (2026 RSUs), each linked to one RB Global common share. These RSUs vest in equal annual installments starting March 13, 2027, with underlying shares released to him net of tax obligations upon vesting.

How were tax obligations handled on Darren Watt’s RB Global equity vesting?

Tax obligations were satisfied through share withholding transactions coded “F.” A total of 7,302 RB Global common shares were delivered back to the issuer at prices around $98–$99 per share, covering taxes on the vested PSUs, RSUs, and dividend equivalent rights instead of using cash payments.