Form 4: RB Global Inc. Executive Darren Jeffrey Watt Reports Stock Transactions
SEC Form 4 Filing
Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., reports the acquisition and disposal of common shares, including transactions related to employee stock options and purchase plans.
Summary
- Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., filed a Form 4 detailing changes in beneficial ownership.
- On August 19, 2024, Watt exercised stock options to acquire 2,915 common shares at a price of $24.07.
- Also on August 19, 2024, Watt disposed of 2,915 common shares at a price of $82.8.
- Following these transactions, Watt directly owns 19,271 common shares.
- Watt also indirectly owns 2,192 common shares through the Employee Stock Purchase Plan and 1,698 common shares through the Long Term Investment Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent a small portion of the overall shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/02/2016 | Date the option was granted. |
| 03/02/2017 | First vesting date of the option in three equal annual installments. |
| 08/19/2024 | Date of the reported transactions: exercising options and selling shares. |
| 08/20/2024 | Date of the signature on the Form 4 filing. |
| 03/02/2026 | Expiration date of the employee stock option. |
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