Form 4: RB Global Director Acquires Deferred Share Units
SEC Form 4 Filing
Timothy J. O'Day, a director of RB Global, Inc., acquired 443 deferred share units on May 13, 2024.
Summary
- On May 13, 2024, Timothy J. O'Day, a director of RB Global, Inc. (RBA), acquired 443 deferred share units (DSUs).
- Each DSU represents the economic equivalent of one RBA common share.
- Following termination of his position as director and non-employment by RBA, O'Day will receive a lump sum cash payment.
- The payment will be calculated by multiplying the number of DSUs by the fair market value of one RBA common share.
- The fair market value will be determined as of the 24th business day after the publication of financial statements following termination.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a transaction without expressing any positive or negative outlook.
Future Outlook
The document outlines the terms of deferred share units, indicating a future cash payment to the director upon termination of their position and non-employment by the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in beneficial ownership by a company director.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: Acquisition of 443 deferred share units. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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