Form 4: RB Global CFO Acquires Dividend Equivalent Rights

RB Global's Chief Financial Officer, Eric Guerin, acquired additional dividend equivalent rights tied to his restricted share units.

Summary

• Eric Guerin, Chief Financial Officer of RB GLOBAL INC. (RBA), acquired additional derivative securities.
• On September 18, 2025, Guerin acquired 32 Dividend Equivalent Rights related to 2024 Restricted Share Units (RSUs).
• Following this transaction, Guerin beneficially owns 225 Dividend Equivalent Rights related to 2024 RSUs.
• On September 18, 2025, Guerin also acquired 57 Dividend Equivalent Rights related to 2025 Restricted Share Units (RSUs).
• Following this transaction, Guerin beneficially owns 83 Dividend Equivalent Rights related to 2025 RSUs.
• Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share.
• These rights accrued in respect of RSU grants and become exercisable proportionately with the related restricted share units.

Sentiment

Score: 7

Explanation: The acquisition of additional equity-linked compensation by a key executive is generally viewed positively as it enhances alignment between management and shareholder interests, even if it's a routine compensation event.

Positives

• The acquisition of dividend equivalent rights by a key executive like the CFO indicates continued alignment of management's interests with those of shareholders.
• These rights are tied to common shares, providing an incentive for the executive to contribute to the company's long-term performance and shareholder value.

Future Outlook

The acquired dividend equivalent rights will become exercisable proportionately with the restricted share units to which they relate, indicating future vesting events.

Industry Context

Executive compensation packages in publicly traded companies frequently include equity-linked instruments such as Restricted Share Units (RSUs) and Dividend Equivalent Rights (DERs). These are designed to align the interests of executives with those of shareholders by tying a portion of their compensation to the company's stock performance and dividend payouts.

Stakeholder Impact

• Shareholders: Increased alignment of the CFO's financial interests with shareholder value through equity-linked compensation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The dividend equivalent rights will become exercisable proportionately with the vesting schedule of the underlying 2024 and 2025 Restricted Share Units.

Key Dates

Keywords

RB Global, RBA, Eric Guerin, CFO, Dividend Equivalent Rights, Restricted Share Units, Insider Transaction, Executive Compensation, Form 4