DeWitt Adam 4
Research Summary
AI-generated summary
RB Global (RBA) Director Adam DeWitt Converts/Exercises 1,918 Shares
What Happened
- Adam DeWitt, a director of RB Global Inc. (RBA), had a total of 1,918 derivative awards convert/exercise into common shares on April 30, 2026 (1,896 + 22). The Form 4 shows the acquired shares with no purchase price reported (N/A) and corresponding derivative dispositions listed at $0.00, consistent with a vesting/conversion rather than a cash sale.
Key Details
- Transaction date: April 30, 2026; Form 4 filed May 4, 2026 (timely — within two business days).
- Instruments: RSUs and DERs (each represents a contingent right to one common share) — see footnotes F1 and F2.
- Shares converted: 1,896 and 22 (total 1,918).
- Price/consideration: Acquired entries reported as N/A; disposition entries show $0.00 (indicates conversion/settlement rather than a market sale).
- Shares owned after transaction: Not specified in the excerpt of this filing.
Context
- This was a vesting/conversion event (footnote F2 confirms the RSUs/DERs vested April 30, 2026), not an open-market purchase or sale. Conversions of RSUs/DERs into shares often produce no immediate cash proceeds; they simply deliver stock to the insider. This type of filing notably differs from purchases (which can signal bullishness) and sales (which can be used for liquidity).