[Form 4] RB GLOBAL INC. Insider Trading Activity

Rhea-AI Filing Summary

RB Global Inc. (RBA) Form 4 shows Director Gregory B. Morrison was allocated 5 dividend equivalent rights tied to the 2025 restricted share unit (RSU) grant, each representing the economic equivalent of one common share. The transaction date is 09/18/2025 and the filing indicates 10 shares beneficially owned following the reported transaction, held directly. The filing was signed by an attorney-in-fact on behalf of Mr. Morrison on 09/19/2025. The explanation clarifies the dividend equivalents accrue with the 2025 RSUs and vest proportionately with those RSUs.

Insights

Financial Analyst

TL;DR: Minor insider accrual of dividend equivalents tied to an existing 2025 RSU grant; immaterial to valuation.

The report documents the accrual and acquisition of 5 dividend equivalent rights that mirror the economic value of 5 RBA common shares, dated 09/18/2025. This is a routine equity-compensation-related entry for a director rather than a cash transaction or market sale. The reported post-transaction beneficial ownership of 10 shares suggests a small direct holding. From a financial-materiality perspective, the change is immaterial to company capitalization or investor returns.

Corporate Governance Expert

TL;DR: Compensation-related disclosure complies with Section 16 reporting; no governance red flags evident.

The Form 4 identifies Mr. Morrison as a director and records dividend equivalent rights tied to the 2025 RSU award. The filing includes the required explanatory note about how the dividend equivalents vest with RSUs and is signed by an authorized attorney-in-fact. There is no indication of noncompliance, amendment, or unusual transaction coding; the disclosure appears routine and timely based on the dates provided.

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

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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^*

Morrison Gregory B

(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)
09/18/2025

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 (2025 RSUs)	(1)	09/18/2025		A		5		(1)	(1)	Common Shares	5	$0	10	D

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 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 Gregory B. Morrison	09/19/2025
	** 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.

FAQ

What did Gregory B. Morrison report on Form 4 for RBA?

He reported acquisition of 5 dividend equivalent rights tied to the 2025 RSU grant, representing the economic equivalent of 5 common shares.

When was the transaction and filing dated for the RBA Form 4?

The transaction date is 09/18/2025 and the Form 4 is signed by attorney-in-fact on 09/19/2025.

How many shares does Mr. Morrison beneficially own after the transaction?

The Form 4 indicates 10 shares beneficially owned following the reported transaction, held directly.

What are the dividend equivalent rights described in the filing?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share and accrues with the 2025 RSU grant.

What is Gregory B. Morrison’s relationship to RB Global Inc.?

He is reported as a Director of RB Global Inc.