RB GLOBAL INC.·4

Jun 22, 2:17 PM ET

DeWitt Adam 4

Research Summary

AI-generated summary

Updated

RB Global (RBA) Director Adam DeWitt Receives 31 Share Awards

What Happened
Adam DeWitt, a director of RB Global, was granted two derivative awards on 2026-06-18 totaling 31 units (25 and 6). Both are reported as awards (code A) with an acquisition price of $0 — these are non-cash, derivative rights tied to the company’s equity (not open-market purchases).

Key Details

  • Transaction date: 2026-06-18; Form 4 filed 2026-06-22 (appears timely under the two-business-day rule).
  • Grants: 25 derivative units and 6 derivative units, reported at $0. Total new units = 31.
  • Transaction code: A = Award/Grant (derivative). No cash paid by the insider.
  • Shares owned after the transaction: Not specified in the filing.
  • Footnotes:
    • F1 — Dividend equivalent rights accrued with the reporting person's deferred share units; become exercisable/payable when the DSUs are paid. Each right represents a contingent right to the economic equivalent of one RBA common share.
    • F2 — Dividend equivalent rights accrued with the 2026 restricted share unit (RSU) grant; they vest/exercise proportionately with the RSUs and represent a contingent right to the economic equivalent of one RBA common share.

Context
These awards are derivative/dividend-equivalent rights related to deferred share units and RSUs, meaning they represent contingent economic exposure to RBA common shares and typically convert or pay out when the underlying units vest or are settled. Such grants are routine compensation/retention tools for insiders and are different from open-market purchases or sales — they do not represent an immediate cash investment or disposition by the insider.