RB Global (RBA) CEO James Kessler Receives 362-Share Award

What Happened
James (Kessler) Francis, CEO of RB Global Inc. (RBA), was granted three awards on 2026-09-17 totaling 362 derivative dividend-equivalent rights: 53, 123 and 186 units. Each was recorded at $0.00 per unit (no purchase price); these are derivative awards tied to restricted share units (RSUs), not open-market purchases or sales.

Key Details

• Transaction date: 2026-09-17; Form 4 filed 2026-09-18 (timely filing).
• Grants: 53, 123 and 186 dividend-equivalent rights; total = 362 units. Reported price: $0.00 (award/grant, code A).
• Reported value: $0 (awarded, not a cash purchase).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1–F3 state these are dividend-equivalent rights that represent a contingent right to receive the economic equivalent of one RBA common share and accrue in respect of RSU grants (2024, 2025, 2026) and vest/exercise proportionately with those RSUs.
• Filing timeliness: Filing appears timely (transaction 9/17/2026; report filed 9/18/2026).

Context
These are compensation awards (dividend-equivalent rights tied to RSUs), not purchases or sales. They give the CEO the economic equivalent of dividends tied to future RSU vesting and do not represent an immediate market transaction or cash inflow. Such grants are common as part of executive pay and do not, by themselves, indicate a buy or sell signal.