Norman Thomas Linebarger - Feb 6, 2024 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Role: Director
Signature: /s/ Lauren McKeon, Attorney-in-Fact
Stock symbol: RSG
Transactions as of: Feb 6, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/8/2024, 06:59 PM
Previous filing: May 22, 2023
Next filing: Apr 17, 2024

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	RSG	Restricted Stock Units	Award	$0	+1.2K		$0.00	1.2K	Feb 6, 2024	Common Stock	1.2K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each non-management director is annually granted restricted stock units ("RSUs") as of the first business day in January. The grant is based on a value on the date of grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the date of grant. The RSUs immediately vest; however, the director cannot convert any of the RSUs to Company common stock - based on a 1 on 1 conversion - until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs unless deferred by the director or the date on which the director incurs a separation from service. For a newly appointed director, the RSU grant is prorated to the number of remaining days in the calendar year. After any quarter in which dividends are distributed to shareholders, the director receives additional RSU equivalents.
F2	Reporting Person was appointed to the Company's Board of Directors on 02/06/2024. He was granted 1,195 RSUs as of 02/06/2024 ("Date of Grant"), based on the closing stock price of $173.68 as of the Date of Grant, and pursuant to the Company's 2021 Stock Incentive Plan. The RSUs are scheduled to convert to shares of the Company's common stock on 02/28/2027.

Content

Each non-management director is annually granted restricted stock units ("RSUs") as of the first business day in January. The grant is based on a value on the date of grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the date of grant. The RSUs immediately vest; however, the director cannot convert any of the RSUs to Company common stock - based on a 1 on 1 conversion - until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs unless deferred by the director or the date on which the director incurs a separation from service. For a newly appointed director, the RSU grant is prorated to the number of remaining days in the calendar year. After any quarter in which dividends are distributed to shareholders, the director receives additional RSU equivalents.

Reporting Person was appointed to the Company's Board of Directors on 02/06/2024. He was granted 1,195 RSUs as of 02/06/2024 ("Date of Grant"), based on the closing stock price of $173.68 as of the Date of Grant, and pursuant to the Company's 2021 Stock Incentive Plan. The RSUs are scheduled to convert to shares of the Company's common stock on 02/28/2027.