Darren Jeffrey Watt - Feb 15, 2023 Form 4 Insider Report for RITCHIE BROS AUCTIONEERS INC (RBA)

Role
Gen. Counsel & Corp. Secretary
Signature
/s/ Maria Teresa Punsalan as attorney-in-fact for Darren Jeffrey Watt.
Stock symbol
RBA
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 03:23 PM
Previous filing
Jan 11, 2023
Next filing
Mar 6, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RBA Dividend Equivalent Rights (2020 PSUs) Award $0 +251 $0.00 251 Feb 15, 2023 Common Shares 251 Direct F1, F2
transaction RBA Performance Share Units (2020 PSUs) Award $0 +5.56K $0.00 5.56K Feb 15, 2023 Common Shares 5.56K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.