Form 4: RB Global Inc. Executive Acquires Dividend Equivalent Rights
SEC Form 4 Filing
Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., reports the acquisition of dividend equivalent rights related to restricted share units.
Summary
- On March 1, 2024, Darren Jeffrey Watt, the Chief Legal Officer of RB Global Inc., acquired 9 dividend equivalent rights related to his 2023 Restricted Stock Units (RSUs).
- These rights represent a contingent right to receive the economic equivalent of one RBA common share each.
- The dividend equivalent rights accrue in respect of the 2023 grant of restricted share units and become exercisable proportionately with the restricted share units to which they relate.
- Following the transaction, Watt directly owns 32 dividend equivalent rights.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Darren Jeffrey Watt acquired dividend equivalent rights. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.