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

RB Global (RBA) director awarded dividend equivalent rights tied to RSUs and DSUs

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

Rhea-AI Filing Summary

Sieger Michael D reported acquisition or exercise transactions in this Form 4 filing.

RB Global Inc. director Michael D. Sieger reported routine compensation-related grants of derivative awards tied to the company’s dividend. He received 6 dividend equivalent rights linked to 2026 restricted share units and 7 dividend equivalent rights linked to deferred share units, each representing the economic value of one common share. Following these awards, he holds 6 such rights related to 2026 RSUs and 73 rights related to DSUs. These are non-cash awards and there were no open-market share purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Sieger Michael D
Role null
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights (DSUs) 7 $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 (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 2026 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.
Dividend equivalent rights on 2026 RSUs granted 6 rights Award to Michael D. Sieger on 2026-06-18
Dividend equivalent rights on DSUs granted 7 rights Award to Michael D. Sieger on 2026-06-18
Total 2026 RSU dividend rights after grant 6 rights Holdings following transaction
Total DSU dividend rights after grant 73 rights Holdings following transaction
Grant price per right $0.00 Compensation award, not market trade
Number of derivative transactions 2 transactions All were acquisitions of rights
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
"The dividend equivalent rights accrued in respect of the reporting person's deferred share units"
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
"The dividend equivalent rights accrued in respect of the 2026 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"
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*
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)
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 (2026 RSUs)(2)06/18/2026A6 (2) (2)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 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 Michael D. Sieger06/22/2026
** 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 transactions did RB Global (RBA) director Michael D. Sieger report?

Michael D. Sieger reported awards of dividend equivalent rights, not open-market trades. He received 6 rights tied to 2026 RSUs and 7 rights tied to deferred share units, each representing the economic equivalent of one RB Global common share.

Are Michael D. Sieger’s RB Global (RBA) dividend equivalent rights a stock purchase or sale?

The reported items are compensation awards, not stock purchases or sales. They are dividend equivalent rights that mirror the value of RB Global common shares and accrue on existing RSUs and deferred share units held by the director.

How many dividend equivalent rights does Michael D. Sieger now hold at RB Global (RBA)?

After these awards, Michael D. Sieger holds 6 dividend equivalent rights linked to his 2026 restricted share units and 73 dividend equivalent rights linked to his deferred share units. Each right provides the economic equivalent of one RB Global common share when payable.

What do RB Global (RBA) dividend equivalent rights reported by Michael D. Sieger represent?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RB Global common share. They accrue on restricted share units and deferred share units and become exercisable or payable in line with those underlying awards’ vesting or payment schedules.

Were Michael D. Sieger’s RB Global (RBA) transactions made at a specific price?

The dividend equivalent rights were granted at a price of $0.00 because they are compensation-related derivative awards, not market purchases. Their value is tied to the underlying RB Global common shares associated with existing RSUs and deferred share units.