Form 4: RB Global Director Adam DeWitt Accrues Additional Equity-Linked Rights

RB Global Inc. Director Adam DeWitt has reported the acquisition of additional dividend equivalent rights tied to his deferred share units and restricted share units, increasing his beneficial ownership of equity-linked awards.

Summary

• Adam DeWitt, a Director of RB GLOBAL INC. (RBA), reported the acquisition of dividend equivalent rights on June 20, 2025.
• He acquired 24 Dividend Equivalent Rights (DSUs) which are contingent rights to receive the economic equivalent of one RBA common share, bringing his total beneficial ownership of these rights to 480.
• Additionally, he acquired 5 Dividend Equivalent Rights (2025 RSUs) which are also contingent rights to receive the economic equivalent of one RBA common share, bringing his total beneficial ownership of these specific rights to 5.
• These rights accrued in respect of his existing deferred share units and 2025 restricted share units, becoming exercisable concurrently or proportionately with the underlying units.
• The acquisition price for these dividend equivalent rights was reported as $0, as they represent accruals on existing equity awards.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates a routine accrual of equity-linked compensation for a director, aligning their interests with shareholders, without any negative implications for the company.

Positives

• The accrual of dividend equivalent rights increases Director Adam DeWitt's beneficial ownership in equity-linked awards, further aligning his interests with those of RB Global shareholders.
• These rights represent a contingent claim to the economic equivalent of RBA common shares, potentially increasing the director's future compensation based on company performance.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting the accrual of equity-based compensation for a director. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The acquisition of dividend equivalent rights by Director Adam DeWitt represents a form of equity-based compensation from RB Global Inc., which is a related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The accrual of these rights for a director can be seen as a positive for shareholders as it further aligns the director's financial interests with the company's long-term performance and share price.

Next Steps

• The dividend equivalent rights will become exercisable and payable concurrently with the underlying deferred share units and proportionately with the restricted share units to which they relate, subject to their respective vesting schedules.

Key Dates

Keywords

SEC Form 4, RB Global Inc., RBA, Adam DeWitt, Director, Beneficial Ownership, Dividend Equivalent Rights, DSUs, RSUs, Equity Awards, Insider Transaction