Form 4: RB Global COO Sells Shares Under 10b5-1 Plan
Insider Transaction Report
RB Global's Chief Operations Officer, Michael Thomas Steven Lewis, sold 2,151 common shares for $118.15 each as part of a pre-arranged trading plan.
Summary
- Michael Thomas Steven Lewis, Chief Operations Officer of RB GLOBAL INC. (RBA), reported a sale of common shares.
- The transaction involved the disposition of 2,151 common shares.
- The shares were sold at a price of $118.15 per share.
- The sale was executed on September 12, 2025.
- Following this transaction, Michael Thomas Steven Lewis beneficially owns 0 common shares directly.
- The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The filing reports a pre-arranged insider stock sale under a 10b5-1 plan, which is generally considered a routine disclosure and does not typically indicate a strong positive or negative sentiment about the company's immediate prospects.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing reports a routine insider transaction and does not provide information to analyze broader industry trends or competitor actions.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged trading schedule designed to satisfy affirmative defense conditions against insider trading allegations. | 09/12/2025 | This demonstrates adherence to corporate governance best practices regarding insider stock transactions, reducing the perception of opportunistic trading. |
Stakeholder Impact
- Shareholders: The sale of 2,151 shares by a key executive, while under a 10b5-1 plan, is a relatively small transaction and is unlikely to have a significant direct impact on the company's stock price or investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 09/12/2025 | Date of earliest transaction (sale of common shares) |
| 09/15/2025 | Signature date of the reporting person's attorney-in-fact |
Keywords
RB Global, RBA, Insider Sale, Form 4, 10b5-1 Plan, Michael Lewis, COO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.