RB Global COO granted dividend equivalent rights

RB Global’s COO received modest dividend equivalent right awards linked to prior RSU grants, adding contingent exposure without a reported trading plan.

Rhea-AI Filing Summary

RB GLOBAL INC. (symbol: RBA) is the issuer of record for a Form 4 filing submitted to the SEC. LEWIS MICHAEL THOMAS STEVEN reported acquisition or exercise transactions in this Form 4 filing.

RB GLOBAL INC. (RBA) reported that Chief Operations Officer Michael Thomas Steven Lewis received grants of dividend equivalent rights tied to existing restricted share units on September 17, 2026. The awards cover 14 rights for 2024 RSUs, 11 for 2025 RSUs, and 17 for 2026 RSUs, each representing a contingent right to the economic equivalent of one common share and vesting proportionately with the related RSUs. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Grant/Award: 42 shares

Grant/Award 3 txns

Insider LEWIS MICHAEL THOMAS STEVEN

Role Chief Operations Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights (2024 RSUs) F1	14	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2025 RSUs) F2	11	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2026 RSUs) F3	17	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights (2024 RSUs) — 153 contracts (Direct); Dividend Equivalent Rights (2025 RSUs) — 68 contracts (Direct); Dividend Equivalent Rights (2026 RSUs) — 29 contracts (Direct)

Footnotes (3)

1. F1. 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. F2. 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. F3. 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.

Key Figures

Dividend equivalent rights granted (2024 RSUs): 14 rights Dividend equivalent rights outstanding after transaction (2024 RSUs): 153 rights Dividend equivalent rights granted (2025 RSUs): 11 rights +3 more

6 metrics

Dividend equivalent rights granted (2024 RSUs) 14 rights Grant to COO on September 17, 2026; each right equals the economic equivalent of one common share

Dividend equivalent rights outstanding after transaction (2024 RSUs) 153 rights Directly owned by the COO following the September 17, 2026 grant

Dividend equivalent rights granted (2025 RSUs) 11 rights Grant to COO on September 17, 2026 tied to 2025 RSUs

Dividend equivalent rights outstanding after transaction (2025 RSUs) 68 rights Directly owned by the COO after the reported grant

Dividend equivalent rights granted (2026 RSUs) 17 rights Grant to COO on September 17, 2026 tied to 2026 RSUs

Dividend equivalent rights outstanding after transaction (2026 RSUs) 29 rights Directly owned by the COO after the reported grant

Key Terms

Dividend Equivalent Rights, restricted share units, economic equivalent

3 terms

Dividend Equivalent Rights financial

"Each dividend equivalent right represents a contingent right"

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 financial

"accrued in respect of the 2024 grant of restricted share units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

economic equivalent financial

"receive the economic equivalent of one RBA common share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did RB GLOBAL INC. (RBA) report for its COO?

RB GLOBAL INC. reported that Chief Operations Officer Michael Thomas Steven Lewis received grants of dividend equivalent rights on September 17, 2026, tied to his 2024, 2025, and 2026 restricted share unit awards, representing additional contingent rights linked to common shares.

How many dividend equivalent rights did the RBA COO acquire in this Form 4?

The COO acquired 14 dividend equivalent rights related to 2024 RSUs, 11 related to 2025 RSUs, and 17 related to 2026 RSUs. Each right corresponds to the economic equivalent of one RB GLOBAL INC. common share.

What do the dividend equivalent rights reported by RBA represent?

Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share. The rights accrued on RSU grants for 2024, 2025, and 2026 and become exercisable proportionately with the underlying restricted share units.

How many dividend equivalent rights does the RBA COO hold after these transactions?

After the September 17, 2026 grants, the COO holds 153 dividend equivalent rights tied to 2024 RSUs, 68 tied to 2025 RSUs, and 29 tied to 2026 RSUs, all reported as directly owned derivative securities of RB GLOBAL INC.

Were the RBA COO’s dividend equivalent right grants under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for these transactions, meaning the grants are reported without reference to a pre-arranged trading plan checkbox on the form.

Do the dividend equivalent rights reported for RBA immediately deliver common shares?

No. The dividend equivalent rights are contingent and become exercisable proportionately with the related restricted share units. They provide the economic equivalent of common shares only as and when the associated RSUs vest and become exercisable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 07:50 PM Accepted by SEC EDGAR 09/18/2026 - 07:49 PM Learn about SEC filing dates

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
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^*

LEWIS MICHAEL THOMAS STEVEN

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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 (2024 RSUs)	(1)	09/17/2026		A		14		(1)	(1)	Common Shares	14	$0	153	D
Dividend Equivalent Rights (2025 RSUs)	(2)	09/17/2026		A		11		(2)	(2)	Common Shares	11	$0	68	D
Dividend Equivalent Rights (2026 RSUs)	(3)	09/17/2026		A		17		(3)	(3)	Common Shares	17	$0	29	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 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 Michael Thomas Steven Lewis	09/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)