RB Global (RBA) COO receives new dividend equivalent right awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RB Global Inc. Chief Operations Officer Michael Thomas Steven Lewis reported acquiring additional derivative awards linked to company stock. On March 2, 2026, he received 23 Dividend Equivalent Rights related to 2024 RSUs and 13 Dividend Equivalent Rights related to 2025 RSUs, each at a price of $0.00 per right.
Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RB Global common share and will become exercisable proportionately with the underlying restricted share units to which it relates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LEWIS MICHAEL THOMAS STEVEN
Role
Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Rights (2024 RSUs) | 23 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Rights (2025 RSUs) | 13 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Rights (2024 RSUs) — 129 shares (Direct);
Dividend Equivalent Rights (2025 RSUs) — 49 shares (Direct)
Footnotes (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. 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.
FAQ
What insider transactions did RB Global (RBA) report for Michael Lewis?
RB Global reported that Chief Operations Officer Michael Thomas Steven Lewis acquired dividend equivalent rights tied to restricted share units. He received 23 rights related to 2024 RSUs and 13 rights related to 2025 RSUs, all granted at a price of $0.00 per right.
What are the Dividend Equivalent Rights reported in the RBA Form 4?
The Dividend Equivalent Rights are derivative awards where each right represents a contingent claim to the economic equivalent of one RB Global common share. These rights accrue on restricted share units and become exercisable proportionately with the related RSUs over time.
When were the RB Global (RBA) dividend equivalent rights granted to Michael Lewis?
The dividend equivalent rights were granted on March 2, 2026. On that date, Michael Thomas Steven Lewis received separate awards tied to his 2024 and 2025 restricted share unit grants, reflecting dividend equivalents credited on those underlying RSU awards.
How many RB Global dividend equivalent rights did the COO hold after these transactions?
After these transactions, Michael Thomas Steven Lewis held 129 dividend equivalent rights tied to the 2024 RSUs and 49 dividend equivalent rights tied to the 2025 RSUs. These totals reflect his direct beneficial ownership of the derivative awards following the grants.
Do the RB Global dividend equivalent rights have an exercise price?
The reported dividend equivalent rights were granted at an exercise or conversion price of $0.00 per right. They function as contingent rights to receive the economic equivalent of one common share each, vesting and becoming exercisable alongside the related restricted share units.