RB GLOBAL INC.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
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Stock-Based Compensation
Note 14. Stock-Based Compensation
The following table presents stock-based compensation expense by condensed consolidated income statement classification:
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Selling, general and administrative | 14.4 | 21.8 | 47.6 | 63.0 |
| Acquisition-related and integration costs | — | 1.0 | 0.3 | 1.4 |
| Stock-based compensation expense | $14.4 | $22.8 | $47.9 | $64.4 |
Share units
The following table presents share unit activity for the nine months ended September 30, 2026 (actual number of units; weighted-average grant-date fair value per share unit):
| Performance Share Units (Performance Conditions) | Performance Share Units (Market Conditions) | Restricted Share Units | ||||
|---|---|---|---|---|---|---|
| Number | WA grantdate fairvalue | Number | WA grantdate fairvalue | Number | WA grantdate fairvalue | |
| Outstanding, December 31, 2025 | 374,181 | $82.06 | 374,181 | $126.89 | 756,197 | $86.30 |
| Granted | 130,101 | 98.36 | 130,101 | 133.07 | 263,212 | 98.72 |
| Vested and settled | (74,168) | 58.09 | (74,168) | 85.33 | (309,405) | 75.13 |
| Forfeited | (849) | 94.03 | (849) | 142.39 | (16,352) | 95.90 |
| Outstanding, September 30, 2026 | 429,265 | $91.12 | 429,265 | $135.91 | 693,652 | $95.76 |
Performance Share Units ("PSUs")
During the nine months ended September 30, 2026, the Company granted PSUs to executives and senior employees, approximately half of which have service and performance vesting conditions and approximately half of which have service and market vesting conditions. The PSUs cliff vest after three years.
The fair value of PSUs with market vesting conditions was estimated using a Monte Carlo simulation model on the respective grant dates, incorporating the following significant assumptions, presented on a weighted average basis:
| Nine months endedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Risk-free interest rate | 3.7% | 4.0% |
| Expected lives of the PSUs | 3 years | 3 years |
| Expected volatility | 27.1% | 30.4% |
| Average expected volatility of comparable companies | 35.0% | 34.7% |
Restricted Share Units ("RSUs")
During the nine months ended September 30, 2026, the Company granted RSUs to employees which have service vesting conditions. The RSUs vest over athree-year graded vesting period.
| RB Global, Inc. Form 10-Q | 17 |
|---|
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