Form 4: RB Global Inc. Executive Darren Jeffrey Watt Reports Share Transactions
SEC Form 4 Filing
Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., reports the vesting and settlement of Performance Share Units (PSUs) and related tax withholding.
Summary
- Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., filed a Form 4 detailing changes in beneficial ownership.
- On August 11, 2024, 4,285 Performance Share Units (PSUs) vested and were settled in common shares.
- A total of 2,293 common shares were disposed of to cover tax withholding obligations at a price of $78.29 per share.
- Following these transactions, Watt directly owns 19,271 common shares.
- Watt also indirectly owns 2,192 shares through the Employee Stock Purchase Plan and 1,698 shares through the Long Term Investment Plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are closely monitored by investors for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from PSU vesting.
Key Dates
| Date | Description |
|---|---|
| 08/11/2024 | Date of PSU vesting and share transactions |
| 08/13/2024 | Date of Form 4 filing |
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