secwatch.observer — SEC 8-K summary
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Issuer:     RB GLOBAL INC. (RBA)
CIK:        0001046102
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0001104659-23-125379
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RB Global appoints Eric Guerin as CFO effective Jan 15, 2024; discloses compensation terms
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- Annual base salary of $630,000; target STI bonus 100% of salary (max 200%); LTI grant 550% of salary.
- 2024 LTI grant valued at $3.465M; sign-on equity grant of $1M (RSUs + PSUs with cliff vesting).
- Sign-on cash bonus of $500,000 subject to clawback if voluntary departure within first 2 years.
- Termination without cause or with good reason: 18 months' salary + target STI, equity per plan.
- Double-trigger change-of-control provision: lump sum of 1.5x salary, target STI, and benefits continuation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046102/000110465923125379/0001104659-23-125379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046102/000110465923125379/tm2332642d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-125379

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer