RB Global (RBA) CLO Darren Watt Receives Award (16 Dividend Rights)

What Happened

• Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc. (RBA), was granted three awards on 2026-09-17: 3, 5 and 8 dividend-equivalent rights (total 16). Each was reported as acquired at $0.00 because these are contingent derivative rights tied to restricted stock units (RSUs), not open-market purchases or cash compensation.

Key Details

• Transaction date: 2026-09-17; filing date: 2026-09-18 (timely).
• Grant amounts: 3, 5 and 8 dividend-equivalent rights (total = 16).
• Reported price/value: $0.00 per right (derivative award, not a cash purchase).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1–F3 state these are dividend equivalent rights that accrued with RSU grants (from 2024, 2025 and 2026) and become exercisable proportionately with the related RSUs.

Context

• These are awards of dividend-equivalent rights tied to RSUs, meaning Watt did not receive immediate common shares or pay cash. The rights entitle him to the economic equivalent of shares when the underlying RSUs vest/exercise proportionately.
• Awards are routine executive compensation and do not by themselves indicate a buy or sell signal in the open market.