Mahesh Shah - Mar 6, 2023 Form 4 Insider Report for RITCHIE BROS AUCTIONEERS INC (RBA)

Role: Director
Signature: /s/ Maria Teresa Punsalan as attorney-in-fact for Mahesh Kumar Shah.
Stock symbol: RBA
Transactions as of: Mar 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/7/2023, 12:57 PM
Previous filing: Mar 6, 2023
Next filing: Mar 22, 2023

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	Deferred Share Units	Award	$0	+522	+55.89%	$0.00	1.46K	Mar 6, 2023	Common Shares	522		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each Deferred Share Unit ("DSU") represents the economic equivalent of one RBA common share.
F2	Following the reporting person ceasing to hold any position as a director of RBA or any of its subsidiaries and not otherwise being employed by RBA or any of its subsidiaries ("Termination"), a lump sum cash payment will be made by RBA to the reporting person, net of tax withholding, calculated by multiplying the number of DSUs by the fair market value of one RBA common share as of (i) the 24th business day after the first publication by or on behalf of RBA of interim financial statements and MD&A for the fiscal quarter of the corporation following such Termination or (ii) where the Termination occurs in RBA's fourth fiscal quarter, the 24th business day (or such fewer number of business days as may be determined by the Committee) after the first publication by or on behalf of RBA of annual financial statements and MD&As for such fiscal year of RBA.

Content

Each Deferred Share Unit ("DSU") represents the economic equivalent of one RBA common share.

Following the reporting person ceasing to hold any position as a director of RBA or any of its subsidiaries and not otherwise being employed by RBA or any of its subsidiaries ("Termination"), a lump sum cash payment will be made by RBA to the reporting person, net of tax withholding, calculated by multiplying the number of DSUs by the fair market value of one RBA common share as of (i) the 24th business day after the first publication by or on behalf of RBA of interim financial statements and MD&A for the fiscal quarter of the corporation following such Termination or (ii) where the Termination occurs in RBA's fourth fiscal quarter, the 24th business day (or such fewer number of business days as may be determined by the Committee) after the first publication by or on behalf of RBA of annual financial statements and MD&As for such fiscal year of RBA.