Ark Jon Vander - 07 Apr 2022 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Role
CEO and President
Signature
/s/Eileen B. Schuler Attorney-in-Fact
Issuer symbol
RSG
Transactions as of
07 Apr 2022
Net transactions value
-$5,121,024
Form type
4
Filing time
11 Apr 2022, 17:58:08 UTC
Previous filing
25 Feb 2022
Next filing
18 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSG Common Stock Options Exercise $0 +86,921 +363% $0.000000 110,879 07 Apr 2022 Direct F1
transaction RSG Common Stock Tax liability $5,121,024 -37,855 -34% $135.28 73,024 07 Apr 2022 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 Options Exercise $0 -86,921 -100% $0.000000* 0 07 Apr 2022 Common Stock 86,921 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs") granted on 04/07/2017 cliff vested 100% five years after the date of grant. 86,921 RSUs, that included accrued dividend equivalents, automatically vested on 04/07/2022 and were paid out in the form of Republic Services, Inc.'s common stock.
F2 Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award on 04/07/2022. The fair market value of the exchanged shares was $135.28 (the closing price of Republic Services, Inc.'s common stock on 04/07/2022).
F3 Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.