RB Global (RBA) CLO settles equity awards, holds over 31,000 shares
Rhea-AI Filing Summary
RB Global Inc.’s Chief Legal Officer Darren Jeffrey Watt reported multiple equity compensation events. On March 14, 2026, his 2023 and 2024 performance share units, restricted share units, and related dividend equivalent rights vested and were settled into common shares through option-style exercises coded “M,” covering 13,644 derivative-based rights.
To cover associated taxes, the company withheld a total of 7,302 common shares in “F” transactions at prices around $98.68 and $97.91 per share, which are not open-market sales. After these settlements, Watt directly holds 31,216 common shares. He also holds 2,094 restricted share units (2026 RSUs) granted on March 13, 2026, each representing a contingent right to one common share, and 2,994 common shares indirectly through an Employee Stock Purchase Plan.
The new 2026 RSUs vest in equal annual installments beginning on March 13, 2027, with underlying common shares to be released net of tax. Overall, the filing reflects routine compensation vesting, tax withholding, and a new equity award rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insights
Routine equity vesting and tax withholding; no open-market trades.
The filing shows Darren Jeffrey Watt, Chief Legal Officer of RB Global Inc., settling previously granted performance and restricted share units into common shares. He exercised 13,644 PSU/RSU-based rights at a stated exercise price of $0.00, a standard vesting event rather than discretionary buying.
To satisfy tax obligations, the issuer withheld 7,302 common shares in transactions coded “F” at prices near $98.68 and $97.91. These are non-market, tax-payment mechanisms and not sales reflecting a view on the stock. After these events, Watt directly owns 31,216 common shares and holds 2,094 unvested 2026 RSUs plus 2,994 common shares indirectly through an Employee Stock Purchase Plan, indicating continued equity exposure.
The grant of the 2,094 2026 RSUs on March 13, 2026 will vest in equal annual installments beginning March 13, 2027, adding a multi-year incentive component. With no open-market purchases or sales disclosed and no remaining derivative positions listed in the derivativeSummary, the overall signal is a routine compensation and tax event, appropriately viewed as neutral for investors.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights (2023 PSUs) | 404 | $0.00 | -- |
| Exercise | Performance Share Units (2023 PSUs) | 10,976 | $0.00 | -- |
| Exercise | Restricted Share Units (2023 RSUs) | 915 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights (2023 RSUs) | 35 | $0.00 | -- |
| Exercise | Restricted Share Units (2024 RSUs) | 694 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights (2024 RSUs) | 17 | $0.00 | -- |
| Exercise | Restricted Share Units (2025 RSUs) | 597 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights (2024 RSUs) | 6 | $0.00 | -- |
| Exercise | Common Shares | 404 | $0.00 | -- |
| Exercise | Common Shares | 10,976 | $0.00 | -- |
| Tax Withholding | Common Shares | 6,089 | $98.68 | $601K |
| Exercise | Common Shares | 915 | $0.00 | -- |
| Exercise | Common Shares | 35 | $0.00 | -- |
| Tax Withholding | Common Shares | 509 | $98.68 | $50K |
| Exercise | Common Shares | 694 | $0.00 | -- |
| Exercise | Common Shares | 17 | $0.00 | -- |
| Tax Withholding | Common Shares | 381 | $98.68 | $38K |
| Exercise | Common Shares | 597 | $0.00 | -- |
| Exercise | Common Shares | 6 | $0.00 | -- |
| Tax Withholding | Common Shares | 323 | $97.91 | $32K |
| Grant/Award | Restricted Share Units (2026 RSUs) | 2,094 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
Footnotes (1)
- Each PSU and DER represents a contingent right to receive one RBA common share or the economic equivalent thereof. The PSUs and DERs vested on March 14, 2026, the PSUs and DERs will be settled in common shares issued to the reporting person, net applicable tax, as soon as practicable. Each RSU and DER represent a contingent right to receive one RBA common share or the economic equivalent thereof. The RSUs and DERs vested on March 14, 2026, the RSUs and DERs will be settled in common shares issued to the reporting person, net applicable tax, as soon as practicable. Each restricted share unit ("RSU") represents a contingent right to receive one RBA common share or the economic equivalent thereof. Tax withholding on the 2023 PSUs and DERs that vested on March 14, 2026. Tax withholding on the 2023 RSUs & DERs that vested on March 14, 2026 Tax withholding on the 2024 RSUs & DERs that vested on March 14, 2026. Tax withholding on the 2025 RSUs & DERs that vested on March 14, 2026 The RSUs vest in equal annual installments beginning March 13, 2027. The common shares underlying vested RSUs will be released to the reporting person, net of tax. Includes all Employee Stock Purchase plan purchases throught November 14, 2025.
