Form 4: RB Global CEO James Kessler Reports Share Transactions
SEC Form 4 Filing
RB Global CEO James Kessler reports the vesting and settlement of performance share units (PSUs) and related tax withholding.
Summary
- On August 11, 2024, James Kessler, CEO of RB Global, Inc., had 14,178 performance share units (PSUs) vest.
- These PSUs were settled in common shares, with a corresponding issuance of 14,178 shares.
- Additionally, 6,035 common shares were disposed of to cover tax withholding obligations at a price of $78.29 per share.
- Following these transactions, Kessler directly owns 86,247 common shares and indirectly owns 1,166 shares through the Employee Stock Purchase Plan.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation, which is neutral to slightly positive as it indicates alignment of management interests with shareholders.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the issuance of shares related to executive compensation.
- Employees participating in the Employee Stock Purchase Plan are also stakeholders.
Key Dates
| Date | Description |
|---|---|
| 08/11/2024 | Date of PSU vesting and share transactions |
| 08/13/2024 | Date of Form 4 filing |
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