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

Jeffrey C. Smith, a director of RB Global Inc., reports changes in his beneficial ownership of the company's securities, including common shares, dividend equivalent rights, deferred share units, restricted share units, and Series A Preferred Shares.

Summary

• On September 18, 2024, Jeffrey C. Smith, a director of RB Global Inc. (RBA), reported changes in his beneficial ownership of the company's securities.
• The reported transactions include the acquisition of dividend equivalent rights (DSUs and RSUs) and holdings in common shares, deferred share units, restricted share units, and Series A Preferred Shares.
• Smith indirectly owns 251,163 common shares through Starboard Value LP.
• He also holds 2,203 deferred share units and 2,630 restricted share units directly.
• Starboard Value LP holds 6,775,252 Series A Preferred Shares, which are convertible into common shares at a rate of 0.0139696 common shares per $1.00 face amount.
• The Series A Preferred Shares have no stated maturity and are convertible any time or times on or after February 1, 2023.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of transactions. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key individuals.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the ownership stake of a director and related entities.

Key Dates