Form 4: RB Global CEO James Kessler Acquires 14,178 Shares Through Performance Share Unit Vesting

RB Global's CEO, James Francis Kessler, acquired 14,178 common shares through the vesting of Performance Share Units (PSUs) on August 1, 2024.

Summary

• On August 1, 2024, James Francis Kessler, CEO of RB Global, Inc., acquired 14,178 common shares.
• This acquisition resulted from the vesting of previously granted Performance Share Units (PSUs).
• The RB Global, Inc. Compensation Committee determined that the PSUs were eligible for vesting due to the satisfaction of certain performance criteria.
• Each PSU represents a contingent right to receive one RBA common share or the economic equivalent.
• The PSUs vest on August 11, 2024.
• The common shares or cash value will be paid to Kessler after taxes, following the end of the month in which the PSUs vest.

Sentiment

Score: 7

Explanation: The document indicates that performance targets were met, leading to the vesting of PSUs, which is generally a positive signal. The CEO's increased stake aligns interests with shareholders.

Positives

• The vesting of PSUs indicates that performance criteria were met, which is a positive sign for the company's performance.
• The CEO's increased stake in the company aligns his interests with those of the shareholders.

Future Outlook

The common shares underlying vested PSUs or the cash value thereof will be paid to the reporting person, net of tax, as soon as practicable following the end of the month in which the PSUs vest.

Industry Context

This type of equity compensation is common for aligning executive incentives with company performance in publicly traded companies.

Comparison to Industry Standards

• Performance-based equity compensation is a standard practice among publicly traded companies to incentivize executives.
• Companies like Caterpillar, Deere, and CNH Industrial also utilize similar PSU plans to align executive compensation with shareholder value creation.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign, indicating that the company is meeting its performance goals.
• Employees may be motivated by the fact that the CEO's compensation is tied to the company's performance.

Key Dates