Guerin Eric 4

What Happened
Eric Guerin, CFO of RB Global (RBA), had restricted share units (RSUs) and derivative awards (DERs) vest in mid‑March. The filing shows conversion/exercise of multiple tranches (e.g., 6,052; 150; 3,155; 36 shares) tied to a March 13, 2026 grant of 9,620 RSUs/DERs. To satisfy tax withholding on the vested awards, 2,442 shares were surrendered at ~$98.68 for $240,977 and 1,256 shares were surrendered at ~$97.91 for $122,975 — total withholding of 3,698 shares for roughly $363,952. The remaining vested shares will be issued to Guerin net of tax.

Key Details

• Transaction dates: Grant on 2026‑03‑13; RSUs/DERs vested and converted on 2026‑03‑14; Form 4 filed 2026‑03‑17.
• Tax withholding (sales/dispositions): 2,442 shares @ $98.68 = $240,977; 1,256 shares @ $97.91 = $122,975. Total ≈ $363,952. (Transaction code F = tax withholding)
• Vesting/conversion entries: multiple M‑code lines for conversion/exercise of DERs/RSUs (listed amounts include 6,052; 150; 3,155; 36). Grant (A) was for 9,620 RSUs/DERs.
• Shares owned after transaction: not specifically stated in the summary lines of the filing.
• Footnotes:
  • F1–F2: Each RSU/DER represents a contingent right to one RBA common share (or economic equivalent).
  • F1/F3/F4: The RSUs/DERs vested on March 14, 2026; tax withholding applied to 2024 & 2025 awards.
  • F5: Some RSUs vest in future installments beginning March 13, 2027; vested RSUs will be released net of tax.
• Filing timeliness: Form filed March 17, 2026 reporting March 13–14 events; the filing does not state a late filing flag.

Context
This was primarily a vesting and net‑settlement event (RSUs/DERs converting to shares with a portion withheld to cover taxes), not a discretionary open‑market sale by the CFO. For retail investors: RSU vesting is a routine compensation process — the tax‑related surrender of shares reduces the number of net shares delivered to the insider and does not by itself indicate a personal decision to sell stock for investment reasons.