RB Global CLO acquires dividend equivalent rights

Q: Were the RBA insider’s dividend equivalent right acquisitions under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 17, 2026 acquisitions were made pursuant to a Rule 10b5-1 trading plan.

RB GLOBAL INC.’s chief legal officer received small dividend equivalent right awards tied to prior RSU grants, increasing his derivative-based compensation exposure.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

RB GLOBAL INC. (RBA) reported that Chief Legal Officer Darren Jeffrey Watt acquired additional dividend equivalent rights linked to prior restricted share unit (RSU) grants. On September 17, 2026, he received 3 rights tied to 2024 RSUs, 5 rights tied to 2025 RSUs, and 8 rights tied to 2026 RSUs, all at a $0.0000 grant price. Each dividend equivalent right represents a contingent right to receive the economic equivalent of one common share and becomes exercisable proportionately with the related RSUs.

Insider Trade Summary

Grant/Award: 16 shares

Grant/Award 3 txns

Insider Watt Darren Jeffrey

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Dividend Equivalent Rights (2024 RSUs) ^F1	3	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2025 RSUs) ^F2	5	$0.00	$0.00
Grant/Award	Dividend Equivalent Rights (2026 RSUs) ^F3	8	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights (2024 RSUs) — 39 contracts (Direct); Dividend Equivalent Rights (2025 RSUs) — 29 contracts (Direct); Dividend Equivalent Rights (2026 RSUs) — 14 contracts (Direct)

Footnotes (3)

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.
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.
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 acquired (2024 RSUs): 3 rights Dividend equivalent rights acquired (2025 RSUs): 5 rights Dividend equivalent rights acquired (2026 RSUs): 8 rights +4 more

7 metrics

Dividend equivalent rights acquired (2024 RSUs) 3 rights Grant on September 17, 2026, each tied to one common share

Dividend equivalent rights acquired (2025 RSUs) 5 rights Grant on September 17, 2026, each tied to one common share

Dividend equivalent rights acquired (2026 RSUs) 8 rights Grant on September 17, 2026, each tied to one common share

Post-transaction 2024 RSU dividend equivalent rights 39 rights Total held directly after September 17, 2026 grant

Post-transaction 2025 RSU dividend equivalent rights 29 rights Total held directly after September 17, 2026 grant

Post-transaction 2026 RSU dividend equivalent rights 14 rights Total held directly after September 17, 2026 grant

Grant price per dividend equivalent right $0.0000 Applies to all three derivative awards on September 17, 2026

Key Terms

Dividend equivalent right, restricted share units (RSU), contingent right

3 terms

Dividend equivalent right financial

"Each dividend equivalent right represents a contingent right to receive the economic"

contingent right financial

"represents a contingent right to receive the economic equivalent of one"

FAQ

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

What insider transaction did RB GLOBAL INC. (RBA) report for Darren Jeffrey Watt?

RB GLOBAL INC. reported that Chief Legal Officer Darren Jeffrey Watt acquired 3, 5, and 8 dividend equivalent rights on September 17, 2026, tied to 2024, 2025, and 2026 RSU grants, respectively, each at a grant price of $0.0000 per right.

What are the dividend equivalent rights reported in the RBA Form 4?

Each dividend equivalent right reported for RBA represents a contingent right to receive the economic equivalent of one common share. The rights accrue on RSU grants and become exercisable proportionately with the restricted share units to which they relate.

How many dividend equivalent rights linked to 2024 RSUs does the RBA insider hold after this transaction?

After the September 17, 2026 transaction, Darren Jeffrey Watt holds 39 dividend equivalent rights related to the 2024 RSU grant, including the 3 rights acquired in this filing.

What is the post-transaction balance of 2025 RSU dividend equivalent rights for the RBA insider?

Following the acquisition of 5 dividend equivalent rights on September 17, 2026, the post-transaction balance of dividend equivalent rights tied to the 2025 RSU grant is 29 rights, held directly by the reporting person.

How many 2026 RSU dividend equivalent rights does the RBA chief legal officer hold after the reported award?

After acquiring 8 dividend equivalent rights on September 17, 2026, Darren Jeffrey Watt holds 14 dividend equivalent rights associated with the 2026 RSU grant, each representing the economic equivalent of one RB GLOBAL INC. common share.

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

No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the September 17, 2026 acquisitions were made pursuant to a Rule 10b5-1 trading plan.

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

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Available on EDGAR 09/18/2026 - 07:49 PM Accepted by SEC EDGAR 09/18/2026 - 07:48 PM

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^*

Watt Darren Jeffrey

(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 Legal 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Dividend Equivalent Rights (2024 RSUs)	⁽¹⁾	09/17/2026		A		3		⁽¹⁾	⁽¹⁾	Common Shares	3	$0	39	D
Dividend Equivalent Rights (2025 RSUs)	⁽²⁾	09/17/2026		A		5		⁽²⁾	⁽²⁾	Common Shares	5	$0	29	D
Dividend Equivalent Rights (2026 RSUs)	⁽³⁾	09/17/2026		A		8		⁽³⁾	⁽³⁾	Common Shares	8	$0	14	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 Darren Jeffrey Watt	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)

Source: View Original Filing on SEC EDGAR

RB Global CLO acquires dividend equivalent rights

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