Watt Darren Jeffrey 4

What Happened

• Darren Watt, Chief Legal Officer of RB Global, was granted equity awards on 2026-02-12: 10,976 performance share units (PSUs) and 369 dividend equivalent rights (DERs). Both awards were reported as derivative grants with an acquisition price of $0.00.
• These awards are not open-market purchases or sales — they are compensation awards/vestable units rather than cash transactions.

Key Details

• Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (timely).
• Awarded: 10,976 PSUs and 369 DERs (total 11,345 units). Reported acquisition price: $0.00 (derivative awards).
• Footnotes: F1—each DER represents the contingent economic equivalent of one RBA common share and accrues with the 2023 PSU grant; F2—the Compensation Committee determined the PSUs met performance criteria for vesting; F3—each PSU equals a contingent right to one share or its cash equivalent; F4—PSUs vest on March 13, 2026 and vested shares or cash will be paid, net of tax, soon after that month ends.
• Shares owned after transaction: not provided in the excerpt of this filing.

Context

• These are compensation awards (A = Award/Grant). PSUs and DERs are contingent rights that may convert to shares or cash if vesting conditions are met; they carry no immediate cash value until settled.
• Because this is an awarded grant tied to performance/vesting rules and tax withholding (net-of-tax payout), it should be viewed as routine executive compensation rather than a directional buy/sell signal.