secwatch.observer — SEC 8-K summary
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Issuer:     RB GLOBAL INC. (RBA)
CIK:        0001046102
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001104659-23-128876
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

RB Global finalizes CEO Kessler employment contract; $850K salary, $11.4M LTI, double-trigger change-of-control
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- Jim Kessler gets $850K base salary, STI bonus target 125% of base (max 200%), and $11.4M LTI target.
- Termination without cause or for good reason: 2x base + 2x target STI, 2 years benefits, pro-rated STI.
- Change-of-control double trigger: lump sum of 2x base + 2x target STI + benefits cost, plus pro-rated bonus.
- Post-termination restrictions: 12-month non-solicit and non-compete in Canada/US, plus confidentiality and non-disparagement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046102/000110465923128876/0001104659-23-128876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046102/000110465923128876/tm2333655d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-128876

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