Form 4: RB Global Director Smith Reports Share Transactions

Director Jeffrey C. Smith reports acquisition of restricted share units and holdings in common shares and preferred shares of RB Global Inc.

Summary

• Jeffrey C. Smith, a director of RB Global Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 2,630 restricted share units (RSUs) on May 15, 2024, which vest upon the earlier of the first anniversary of the grant date or the Issuer's next annual meeting of shareholders.
• Smith also indirectly owns 251,163 common shares through Starboard Value LP.
• Additionally, Smith holds deferred share units (DSUs) representing 2,039 common shares and dividend equivalent rights representing 13 common shares.
• Starboard Value LP holds 6,775,252 common shares through Series A Preferred Shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The RSUs will vest upon the earlier of (i) the first anniversary of the grant date and (ii) the Issuer's next annual meeting of shareholders following the grant date. Following termination of directorship, a lump sum cash payment will be made for DSUs based on the fair market value of RBA common shares.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates