Brian M. DelGhiaccio - 01 Mar 2024 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Signature
/s/ Lauren McKeon, Attorney-in-Fact
Issuer symbol
RSG
Transactions as of
01 Mar 2024
Net transactions value
-$481,871
Form type
4
Filing time
05 Mar 2024, 18:29:53 UTC
Previous filing
01 Mar 2024
Next filing
17 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSG Common Stock Award $0 +6,153 +82% $0.000000 13,650 01 Mar 2024 Direct F1
transaction RSG Common Stock Tax liability $481,871 -2,624 -19% $183.64 11,026 01 Mar 2024 Direct F2

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 +3,540 $0.000000 3,540 01 Mar 2024 Common Stock 3,540 Direct F3
transaction RSG PSU Shares Deferred to DCP Award $0 +2,051 $0.000000 2,051 01 Mar 2024 Common Stock 2,051 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 8,204 performance shares ("PSUs") were earned as of 03/01/2024 pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan based on Republic's closing stock price on 03/01/2024 ($183.64). The Reporting Person elected to defer 25% of the grant (2,051 PSUs) pursuant to the Republic Services, Inc. Deferred Compensation Plan ("DCP").
F2 Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the settlement of performance shares on 03/01/2024. The fair market value of the exchanged shares was $183.64 (the closing price of Republic Services, Inc.'s common stock on 03/01/2024).
F3 Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2021 Stock Incentive Plan. The award will vest 25% on each of the first four anniversaries of the date of grant (which date of grant is 03/01/2024) and each RSU ultimately will be paid out in the form of one share of Republic's common stock. The number of RSUs was calculated based on Republic's closing stock price on 03/01/2024 ($183.64).
F4 Based on 1 on 1 conversion.