Form 4: RB Global Inc. Executive Darren Jeffrey Watt Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., exercised stock options and sold shares on June 13, 2024, according to a Form 4 filing with the SEC.
Summary
- On June 13, 2024, Darren Jeffrey Watt, the Chief Legal Officer of RB Global Inc., exercised stock options to acquire 2,700 common shares at a price of $24.07.
- Watt then sold 2,700 shares at $80.62 and 937 shares at $80.78.
- Following these transactions, Watt directly owns 17,279 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.
- Watt continues to hold options for 2,915 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
Key Dates
| Date | Description |
|---|---|
| 03/02/2016 | Date the stock option was granted. |
| 03/02/2017 | First vesting date of the stock option. |
| 06/13/2024 | Date of stock option exercise and share sales. |
| 06/14/2024 | Date of 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.