Form 4: RB Global Inc. Executive Acquires Dividend Equivalent Rights
SEC Filing
Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., reports the acquisition of dividend equivalent rights related to restricted share units.
Summary
- Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of dividend equivalent rights related to the 2023 and 2024 grants of restricted share units (RSUs).
- Watt acquired 6 dividend equivalent rights related to 2023 RSUs and 7 dividend equivalent rights related to 2024 RSUs on June 20, 2024.
- Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RB Global common share and becomes exercisable proportionately with the RSUs to which they relate.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and there is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of dividend equivalent rights, which are often associated with RSU grants as a way to compensate holders for dividends paid on common stock.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of transaction: Acquisition of dividend equivalent rights. |
| 06/24/2024 | Date of filing: Form 4 filing date. |
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