RBA - Chief Revenue Officer At RB Global Exercises Options Worth $481K | Benzinga
A large exercise of company stock options by James J Jeter, Chief Revenue Officer at RB Global (NYSE:RBA) was disclosed in a new SEC filing on March 4, as part of an insider exercise.
What Happened: Disclosed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, Jeter, Chief Revenue Officer at RB Global, executed a strategic derivative sale. This involved exercising stock options for 11,416 shares of RBA, resulting in a transaction value of $481,641.
As of Monday morning, RB Global shares are down by 0.99%, with a current price of $75.98. This implies that Jeter's 11,416 shares have a value of $481,641.
Discovering RB Global: A Closer Look
RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment; since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.
Understanding the Numbers: RB Global's Finances
Revenue Growth: RB Global's revenue growth over a period ...