secwatch.observer — SEC 8-K summary
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Issuer:     RB GLOBAL INC. (RBA)
CIK:        0001046102
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001104659-24-093774
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RB Global appoints Steve Lewis COO; base $650K, sign-on $1M
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- Steve Lewis named Chief Operations Officer, effective September 3, 2024.
- Base salary of USD $650,000; target annual bonus 100% of base; LTI grant target 250% of base.
- Sign-on grant of USD $1,000,000 in equity (50% RSUs, 50% PSUs) vesting 2025-2027.
- Previously Division President at GXO Logistics; also held roles at XPO Logistics and as U.S. Naval Officer.
- Employment agreement includes double-trigger severance: 18 months' base salary plus STI at target on non-cause termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046102/000110465924093774/0001104659-24-093774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046102/000110465924093774/tm2422721d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-093774

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