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  4. [Form 4] RB Global, Inc. Insider Trading Activity

RB Global (RBA) insider files Form 4 for 24 DSU & 5 RSU dividend rights

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

Rhea-AI Filing Summary

RB Global Inc. (RBA) – Form 4 Insider Transaction

Director Adam DeWitt filed a Form 4 reporting the automatic grant of dividend-equivalent derivative rights on 20 Jun 2025. Two separate derivative lines were disclosed:

  • Dividend Equivalent Rights (Deferred Share Units): 24 rights acquired; total holdings after the transaction rise to 480 rights.
  • Dividend Equivalent Rights (2025 Restricted Share Units): 5 rights acquired; total holdings after the transaction are 5 rights.

Each right represents the contingent economic equivalent of one common share and was received at $0 cost, accruing in connection with existing DSU and RSU awards. The rights become exercisable concurrently with, or proportionately to, the underlying DSUs and RSUs.

The filing reflects routine accrual of dividend-equivalent units rather than open-market purchases or sales, and thus does not alter the director’s cash exposure or the company’s share count.

Positive

  • None.

Negative

  • None.

Insights

TL;DR Small, routine dividend-equivalent accrual; no cash outlay, immaterial to share count or valuation; neutral signal for investors.

The Form 4 shows Adam DeWitt, a non-executive director, received 29 dividend-equivalent rights tied to previously granted DSUs and RSUs. Because these rights merely preserve the economic value of prior equity awards during dividend periods, they involve no purchase price and do not indicate a discretionary increase in personal exposure. Total derivative holdings remain modest relative to RB Global’s ~179 million outstanding shares, so the event is not expected to influence market supply, insider sentiment, or valuation metrics. Overall impact: neutral.

Insider DeWitt Adam
Role Director
Type Security Shares Price Value
Grant/Award Dividend Equivalent Rights (DSUs) 24 $0.00 --
Grant/Award Dividend Equivalent Rights (2025 RSUs) 5 $0.00 --
Holdings After Transaction: Dividend Equivalent Rights (DSUs) — 480 shares (Direct); Dividend Equivalent Rights (2025 RSUs) — 5 shares (Direct)
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 2025 grant of restricted share units (RSU), and become exercisable proportionately with the restricted share units to which they relate.
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Form 4 Insider Transactions: What Each Field Means →
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*
DeWitt Adam
(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)
06/20/2025
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 (DSUs) (1) 06/20/2025 A 24 (1) (1) Common Shares 24 $0 480 D
Dividend Equivalent Rights (2025 RSUs) (2) 06/20/2025 A 5 (2) (2) Common Shares 5 $0 5 D
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 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 Adam DeWitt 06/24/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did RB Global (RBA) director Adam DeWitt report on Form 4?

He reported receiving 24 dividend-equivalent rights tied to DSUs and 5 tied to 2025 RSUs on 20 Jun 2025.

How many derivative rights does DeWitt now hold after the transaction?

He beneficially owns 480 DSU-related rights and 5 RSU-related rights.

Was there any cash consideration for the rights acquired?

No. The rights were granted at $0 cost as automatic dividend equivalents.

When do the dividend-equivalent rights become exercisable?

They become exercisable concurrently with the underlying DSUs or proportionately with the 2025 RSUs to which they relate.

Does this Form 4 affect RB Global’s outstanding share count?

No. Dividend-equivalent rights are contingent and do not immediately impact the company’s share count.