RB GLOBAL INC. — Director's Dealing 2023

Feb 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RITCHIE BROS AUCTIONEERS INC (RBA)
CIK: 0001046102
Period of Report: 2023-02-15

Reporting Person: Watt Darren Jeffrey (Gen. Counsel & Corp. Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-15	Dividend Equivalent Rights (2020 PSUs)	$	A	251	Acquired		Common Shares (251)	Direct
2023-02-15	Performance Share Units (2020 PSUs)	$	A	5556	Acquired		Common Shares (5556)	Direct

Footnotes

F1: Each dividend equivalent right represents a contingent right to receive one RBA common share or the economic equivalent thereof. DERs accrued in respect of the 2020 PSUs vest and become exercisable concurrently with the PSUs to which they relate.

F2: The RBA Compensation Committee determined that the PSUs, previously granted to the reporting person, are eligible for vesting because certain performance criteria were satisfied.

F3: Each PSU represents a contingent right to receive one RBA common share or the economic equivalent thereof.

F4: The PSUs vest on 3/4/2023.The commons 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.