James J. Jeter - Sep 8, 2023 Form 3 Insider Report for RB GLOBAL INC. (RBA)

Signature
/s/ Maria Teresa Punsalan, attorney-in-fact for James J. Jeter
Stock symbol
RBA
Transactions as of
Sep 8, 2023
Transactions value $
$0
Form type
3
Date filed
9/15/2023, 03:46 PM
Previous filing
Aug 5, 2022
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RBA Common Shares 2.31K Sep 8, 2023 Employee Stock Purchase Plan
holding RBA Common Shares 26.9K Sep 8, 2023 Direct

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
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 11.4K $33.79 Direct F1
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 17.1K $40.64 Direct F1
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 17K $54.83 Direct F2
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 7.74K $80.00 Direct F3, F4
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 9.56K $90.00 Direct F3, F4
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 11.7K $100.00 Direct F3, F4
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 14.5K $57.70 Direct F2
holding RBA Employee Stock Option (Right to Buy) Sep 8, 2023 Common Shares 14.5K $58.09 Direct F5
holding RBA Restricted Share Unit (2023 RSUs) Sep 8, 2023 Common Shares 4.39K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The date reflected is the initial grant date. The options were subject to a vesting schedule at the time of grant but are fully vested as of the date of this Form 3 report.
F2 The options vest as follows: 1/3 on the 1st anniversary of the date of grant; 1/3 on the 2nd anniversary of the date of grant; and 1/3 on the 3rd anniversary of the date of grant.
F3 The option vests on August 12, 2024.
F4 The option expires on August 12, 2027; provided, however, that if such date occurs during a black out period (as defined in the RBA Amended and Restated Stock Option Plan) applicable to the reporting person or within five business days (as defined in such Plan) after the last day of a black out period applicable to the reporting person, the expiry date for the option will be the last day of such five business day period
F5 The options vest as follows: 1/3 on March 15, 2024; 1/3 on March 15, 2025; and 1/3 on March 15, 2026.
F6 The restricted share units vest as follows: 1/3 on March 15, 2024; 1/3 on March 15, 2025; and 1/3 on March 14, 2026. The cash value of the common shares underlying vested RSUs (determined in accordance with the RBA Restricted 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 RSUs vest; provided, that if such payment would occur at any time at which the reporting person may be in possession of undisclosed material information regarding RBA, or at any time at which, pursuant to any securities trading policy of RBA, the reporting person is restricted from trading in RBA securities, unless the Committee otherwise determines, payment will be postponed to the date which is 5 days after the later of (i) the date on which the reporting person is no longer in possession of such information or (ii) the date on which the reporting person is no longer restricted from trading in RBA securities.
F7 Each restricted share unit represents a contingent right to receive the economic equivalent of one RBA common share