Watt Darren Jeffrey 4
Research Summary
AI-generated summary
RB Global (RBA) CLO Darren Watt Receives 11 Awarded Derivative Units
What Happened
- Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc. (RBA), received awards on 2026-06-18 consisting of 3 separate grants: 2, 3 and 6 dividend-equivalent rights (total 11) recorded as acquisitions (code A) at $0.00 each. These are derivative rights (not immediate common shares) with no immediate cash purchase price or sale proceeds reported.
Key Details
- Transaction date: 2026-06-18; filing date: 2026-06-22 (filed within the 2-business-day Form 4 requirement).
- Price per unit: $0.00; total immediate cash value shown: $0.
- Total units awarded: 11 dividend-equivalent rights (2 + 3 + 6).
- Shares/units owned after transaction: not specified in the filing.
- Footnotes: F1–F3 state each dividend-equivalent right is a contingent right to the economic equivalent of one RBA common share and accrued in respect of RSU grants from 2024 (F1), 2025 (F2) and 2026 (F3); they become exercisable proportionately with the related RSUs.
- Transaction code: A = Grant/Award (derivative acquisition).
Context
- These awards are derivative dividend-equivalent rights tied to restricted share unit (RSU) grants, meaning they represent contingent economic value linked to future RSU vesting rather than immediate stock ownership or a cash transaction. Such awards are common as part of executive compensation and do not by themselves signal a buy or sell decision.