Form 4: RB Global Director Elton Acquires Dividend Equivalent Rights
SEC Form 4
Director Robert George Elton acquired dividend equivalent rights related to deferred share units and restricted share units of RB Global, Inc.
Summary
- On September 18, 2024, Robert George Elton, a director of RB Global, Inc. (RBA), acquired dividend equivalent rights (DSUs) related to deferred share units.
- He acquired 111 dividend equivalent rights related to deferred share units and 12 dividend equivalent rights related to 2024 restricted share units (RSUs).
- The dividend equivalent rights related to deferred share units become exercisable and payable concurrently with the deferred share units.
- Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share.
- The dividend equivalent rights related to the 2024 RSUs become exercisable proportionately with the restricted share units to which they relate.
- Following the transaction, Elton directly owns 4,094 dividend equivalent rights related to deferred share units and 11 dividend equivalent rights related to 2024 RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a routine transaction. It doesn't convey any strong positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a director's acquisition of dividend equivalent rights, which is a common practice in executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/18/2024 | Date of transaction: Robert George Elton acquired dividend equivalent rights. |
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