Form 4: RB Global Inc. Executive Darren Jeffrey Watt Reports Stock Option Exercise and Sale
SEC Form 4
Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., exercised stock options and sold shares on March 1, 2024.
Summary
- On March 1, 2024, Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., exercised employee stock options to acquire 2,300 common shares at a price of $24.07 per share.
- Simultaneously, Mr. Watt sold 2,300 common shares at a price of $76.97 per share.
- Following these transactions, Mr. Watt directly owns 21,103 common shares.
- Mr. Watt also indirectly owns 2,192 common shares through an Employee Stock Purchase Plan and 1,698 common shares through a Long-Term Investment Plan.
- Additionally, Mr. Watt directly owns 5,615 derivative securities in the form of employee stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 03/02/2016 | Date the option was granted |
| 03/02/2017 | Option vests in three equal annual installments beginning on this date |
| 03/01/2024 | Date of stock option exercise and sale of shares |
| 03/04/2024 | Date of Form 4 filing |
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