Form 4: RB Global Director Sieger Acquires Deferred Share Units

Director Michael D. Sieger acquired 164 deferred share units in RB Global Inc. on August 12, 2024.

Summary

• Michael D. Sieger, a director of RB Global Inc., acquired 164 deferred share units (DSUs) on August 12, 2024.
• Each DSU represents the economic equivalent of one RB Global common share.
• Following termination of his position as director and non-employment by RB Global, Sieger will receive a lump sum cash payment for the DSUs.
• The cash payment will be calculated by multiplying the number of DSUs by the fair market value of one RB Global common share.
• The fair market value will be determined as of the 24th business day after the publication of financial statements following termination, with specific rules for terminations in the fourth fiscal quarter.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction involving deferred share units. It doesn't inherently convey positive or negative sentiment.

Future Outlook

Upon termination of his position as director and non-employment by RB Global, Sieger will receive a lump sum cash payment for the DSUs, based on the fair market value of RBA common shares at a specified date after the publication of financial statements following termination.

Industry Context

This Form 4 filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies.

Key Dates