Ann Fandozzi - 15 Feb 2023 Form 4 Insider Report for RITCHIE BROS AUCTIONEERS INC (RBA)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RBA	Performance Share Units (2020 PSUs)	Award	$0	+146,175		$0.000000	146,175	15 Feb 2023	Common Shares	146,175		Direct	F1, F2, F3
transaction	RBA	Dividend Equivalent Rights (2020 PSUs)	Award	$0	+6,612		$0.000000	6,612	15 Feb 2023	Common Shares	6,612		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each PSU represents a contingent right to receive one RBA common share or the economic equivalent thereof.
F2	The RBA Compensation Committee determined that the PSUs, previously granted to the reporting person, are eligible for vesting because certain performance criteria were satisfied.
F3	The PSUs vest on 3/4/2023.The commons shares underlying vested PSUs or the cash value thereof (as determined by the Committee in accordance with the RBA Senior Executive Performance Share Unit Plan) will be paid to the reporting person, net of tax, as soon as practicable following the end of the month in which the PSUs vest.
F4	Each dividend equivalent right represents a contingent right to receive one RBA common share or the economic equivalent thereof. DERs accrued in respect of the 2020 PSUs vest and become exercisable concurrently with the PSUs to which they relate.