Adam DeWitt - May 15, 2023 Form 4 Insider Report for RITCHIE BROS AUCTIONEERS INC (RBA)

Role
Director
Signature
/s/ Maria Teresa Punsalan, attorney in fact for Adam DeWitt
Stock symbol
RBA
Transactions as of
May 15, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 11:49 AM
Previous filing
May 8, 2023
Next filing
May 16, 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 +571 +10.55% $0.00 5.98K May 15, 2023 Common Shares 571 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.