Form 4: Jeffrey C. Smith Reports Changes in Beneficial Ownership of RB Global Inc.

Jeffrey C. Smith, a director of RB Global Inc., reports changes in his beneficial ownership, including transactions involving deferred share units and dividend equivalent rights.

Summary

• Jeffrey C. Smith, a director of RB Global Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report includes transactions related to deferred share units (DSUs) and dividend equivalent rights.
• Smith indirectly owns 251,163 common shares through Starboard Value LP.
• He directly owns 2,039 DSUs and 13 dividend equivalent rights.
• Starboard Value LP holds 6,775,252 Series A Preferred Shares convertible into common shares.
• The DSUs will be paid out in a lump sum cash payment after Smith's termination as a director, based on the fair market value of RBA common shares.
• Dividend equivalent rights accrue in respect of the DSUs and are payable concurrently with the DSUs.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The payout of deferred share units is contingent upon Smith's termination as a director and will be based on the fair market value of RBA common shares at that time.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a director.
• The information is relevant to investors tracking insider activity.

Key Dates