Schmit Jennifer Laura 4
4 · RB GLOBAL INC. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
RB Global (RBA) CPO Jennifer Schmit Exercises RSUs & Shares Withheld
What Happened
- Jennifer Schmit, Chief People Officer of RB Global (RBA), had RSUs/DERs vest on March 14, 2026 and converted those derivative awards into common shares. A total of 1,603 RSUs/DERs vested and were converted. To cover tax withholding, 491 shares were surrendered (327 shares at $98.68 = $32,268; 164 shares at $97.91 = $16,057), totaling ~$48,325. After withholding, approximately 1,112 shares were issued to Schmit. Separately, Schmit received a grant of 1,819 RSUs on March 13, 2026 that will vest in future installments.
Key Details
- Transaction dates: Grant on 2026-03-13; RSU/DER vesting and conversion on 2026-03-14; filing dated 2026-03-17.
- Shares/amounts: 1,603 RSUs/DERs vested; 491 shares withheld for taxes (~$48,325); net ~1,112 shares delivered. New RSU grant: 1,819 RSUs.
- Prices reported for withholding: $98.68 and $97.91 per share (used to compute withheld-share value). Derivative conversions shown at $0 (indicating in-kind conversion to shares).
- Shares owned after transaction: Not specified in this filing.
- Footnotes: RSUs and DERs each represent a contingent right to one common share (F1, F2). The vested RSUs/DERs were settled net of tax (F1, F3, F4). The 1,819 RSU grant vests in equal annual installments beginning March 13, 2027 and will be released net of tax (F5).
- Filing timeliness: Filing covers Mar 13–14 transactions and was submitted on Mar 17, 2026 (no late-filing flag provided here).
Context
- This was award vesting and conversion with shares withheld for tax — a routine administrative step rather than an outright market sale. The filing shows net settlement (shares withheld to cover tax obligations), not an open-market sale or purchase. Such withholding is common when equity awards vest and does not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Schmit Jennifer Laura
Chief People Officer
Transactions
- Exercise/Conversion
Common Shares
[F1]2026-03-14+1,052→ 1,783 total - Exercise/Conversion
Common Shares
[F1]2026-03-14+16→ 1,799 total - Tax Payment
Common Shares
[F3]2026-03-14$98.68/sh−327$32,268→ 1,472 total - Exercise/Conversion
Common Shares
[F1]2026-03-14+529→ 2,001 total - Exercise/Conversion
Common Shares
[F1]2026-03-14+6→ 2,007 total - Tax Payment
Common Shares
[F4]2026-03-14$97.91/sh−164$16,057→ 1,843 total - Exercise/Conversion
Restricted Share Units (2024 RSUs)
[F1]2026-03-14−1,052→ 1,053 total→ Common Shares (1,052 underlying) - Exercise/Conversion
Dividend Equivalent Rights (2024 RSUs)
[F1]2026-03-14−16→ 15 total→ Common Shares (16 underlying) - Exercise/Conversion
Restricted Share Units (2025 RSUs)
[F1]2026-03-14−529→ 1,059 total→ Common Shares (529 underlying) - Exercise/Conversion
Dividend Equivalent Rights (2024 RSUs)
[F1]2026-03-14−6→ 12 total→ Common Shares (6 underlying) - Award
Restricted Share Units (2026 RSUs)
[F2][F5]2026-03-13+1,819→ 1,819 total→ Common Shares (1,819 underlying)
Footnotes (5)
- [F1]Each RSU and DER represent a contingent right to receive one RBA common share or the economic equivalent thereof. The RSUs and DERs vested on March 14, 2026, the RSUs and DERs will be settled in common shares issued to the reporting person, net applicable tax, as soon as practicable.
- [F2]Each restricted share unit ("RSU") represents a contingent right to receive one RBA common share or the economic equivalent thereof.
- [F3]Tax withholding on the 2024 RSUs & DERs that vested on March 14, 2026.
- [F4]Tax withholding on the 2025 RSUs & DERs that vested on March 14, 2026
- [F5]The RSUs vest in equal annual installments beginning March 13, 2027. The common shares underlying vested RSUs will be released to the reporting person, net of tax.
Signature
/s/ Maria Teresa Punsalan, attorney-in-fact for Jennifer Laura Schmit|2026-03-17