Form 4: RB Global Officer Acquires Derivative Rights

RB Global's Chief People Officer, Jennifer Laura Schmit, acquired dividend equivalent rights tied to restricted share units.

Summary

• Jennifer Laura Schmit, Chief People Officer of RB Global Inc. (RBA), reported changes in beneficial ownership of derivative securities.
• Acquired 6 Dividend Equivalent Rights related to the 2024 grant of restricted share units (RSUs) on December 17, 2025.
• Acquired 5 Dividend Equivalent Rights related to the 2025 grant of restricted share units (RSUs) on December 17, 2025.
• Each dividend equivalent right represents a contingent right to receive the economic equivalent of one RBA common share.
• These rights accrue in respect of the RSU grants and become exercisable proportionately with the restricted share units to which they relate.

Sentiment

Score: 5

Explanation: The filing reports a routine executive compensation event (acquisition of dividend equivalent rights) which is neutral in its immediate impact on the company's valuation or operational outlook.

Positives

• The acquisition of dividend equivalent rights aligns the Chief People Officer's interests with shareholder value, as these rights are tied to the economic equivalent of common shares.

Negatives

• The underlying restricted share units, to which these dividend equivalent rights relate, represent potential future dilution for existing shareholders, though the reported number of rights is small.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

The grant of dividend equivalent rights tied to restricted share units is a common component of executive compensation packages across various industries, designed to align management incentives with long-term shareholder interests.

Comparison to Industry Standards

• The use of Restricted Share Units (RSUs) and associated dividend equivalent rights as part of executive compensation is a widely adopted practice among publicly traded companies, including those in the industrial and equipment sectors where RB Global operates.
• This compensation structure is comparable to practices seen in companies like Ritchie Bros. Auctioneers (prior to the RB Global rebranding) and other industrial auction or equipment services firms, aiming to retain talent and incentivize performance.

Stakeholder Impact

• Shareholders: Minimal potential future dilution from the underlying RSUs, but also increased alignment of executive incentives with shareholder value.
• Employees: No direct impact on general employees, as this relates to executive compensation.

Next Steps

• The dividend equivalent rights will become exercisable proportionately with the restricted share units to which they relate.

Key Dates

Keywords

RB Global, RBA, Form 4, insider transaction, beneficial ownership, derivative securities, dividend equivalent rights, restricted share units, executive compensation