Form 4: RB Global Inc. Director Michael D. Sieger Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
Director Michael D. Sieger reports acquiring dividend equivalent rights related to deferred share units and restricted share units of RB Global Inc.
Summary
- On March 3, 2025, Michael D. Sieger, a director of RB Global Inc., reported the acquisition of 6 dividend equivalent rights (DSUs) related to deferred share units.
- Sieger also acquired 7 dividend equivalent rights related to the 2024 grant of restricted share units (RSUs).
- These dividend equivalent rights represent a contingent right to receive the economic equivalent of one RBA common share each.
- The DSUs become exercisable and payable concurrently with the deferred share units, while the dividend equivalent rights related to the 2024 RSUs become exercisable proportionately with the RSUs to which they relate.
- Following the reported transactions, Sieger directly owns 39 dividend equivalent rights related to deferred share units and 34 dividend equivalent rights related to 2024 RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership in a public company. It is standard practice for directors and officers to receive and report dividend equivalent rights as part of their compensation packages.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction: Acquisition of dividend equivalent rights related to deferred share units and restricted share units. |
| 03/05/2025 | Date of signature for the Form 4 filing. |
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