Form 4: RB Global COO Lewis Reports Equity Transactions

RB Global's Chief Operations Officer, Michael Thomas Steven Lewis, reported the vesting of restricted share units and dividend equivalent rights, alongside a new RSU grant.

Summary

• Michael Thomas Steven Lewis, Chief Operations Officer of RB Global Inc. (RBA), reported several equity transactions.
• On March 14, 2026, 3,581 Restricted Share Units (2024 RSUs) and 63 Dividend Equivalent Rights (2024 DERs) vested, converting into common shares.
• Also on March 14, 2026, 1,434 Restricted Share Units (2025 RSUs) and 16 Dividend Equivalent Rights (2024 DERs) vested, converting into common shares.
• Tax withholdings for the 2024 RSUs and DERs amounted to 1,855 common shares at a price of $98.68 per share.
• Tax withholdings for the 2025 RSUs and DERs amounted to 738 common shares at a price of $97.91 per share.
• On March 13, 2026, Lewis was granted 4,277 new Restricted Share Units (2026 RSUs).
• Following these transactions, Lewis beneficially owns 2,501 common shares directly from the vested units (after tax withholding) and 4,277 new 2026 RSUs.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event for the reporting person, as it reflects the realization of past equity compensation and the grant of new future awards, indicating continued alignment with company performance.

Positives

• Vesting of 2024 and 2025 Restricted Share Units (RSUs) and Dividend Equivalent Rights (DERs) resulted in the acquisition of common shares.
• A new grant of 4,277 Restricted Share Units (2026 RSUs) was awarded, representing future equity compensation.

Negatives

• A total of 1,855 common shares were disposed of for tax withholding related to the 2024 RSUs and DERs at $98.68 per share.
• An additional 738 common shares were disposed of for tax withholding related to the 2025 RSUs and DERs at $97.91 per share.

Industry Context

StockSavvy.ai notes that these transactions are routine for executive compensation, reflecting the standard practice of granting and vesting equity awards as part of an officer's remuneration package in publicly traded companies.

Stakeholder Impact

• Shareholders: Minor dilution from the issuance of new shares upon vesting, offset by the retention and motivation of a key executive.
• Employees: Reflects standard executive compensation practices, potentially setting a precedent for other equity award recipients.

Next Steps

• The 4,277 2026 Restricted Share Units will begin vesting in equal annual installments starting March 13, 2027.
• Vested RSUs and DERs from 2024 and 2025 will be settled in common shares issued to the reporting person, net of applicable tax, as soon as practicable.

Key Dates

Keywords

RB Global Inc., RBA, Michael Thomas Steven Lewis, Chief Operations Officer, Form 4, Insider Trading, Restricted Share Units, RSUs, Dividend Equivalent Rights, DERs, Equity Compensation, Stock Vesting, Share Grant