SEC Form 4 · accession 0001209191-17-051757
RB GLOBAL INC. · RBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl William Werner
Officer — Ch. Op. & Supp. Dev. Officer
Period of report
Sep 3, 2017
Accepted (ET)
Sep 6, 2017 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001046102
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share Units (2015 PSUs)F2,F1,F3 | — | Sep 3, 2017 | A | 9,486 | A | — | — | Common Shares | 9,486 | 9,486 | D |
| Dividend Equivalent Rights (2015 PSUs)F4 | — | Sep 3, 2017 | A | 473 | A | — | — | Common Shares | 473 | 473 | D |
Explanation of responses
- F1Each PSU represents a contingent right to receive one RBA common share or the economic equivalent thereof.
- F2The RBA Compensation Committee determined that the PSUs, previously granted to the reporting person, are eligible for vesting because certain performance criteria were satisfied.
- F3The PSUs vest on 3/10/2018. The common 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.
- F4Each dividend equivalent right represents a contingent right to receive one RBA common share or the economic equivalent thereof. DERs accrued in respect of the 2015 PSUs vest and become exercisable concurrently with the PSUs to which they relate.