Ark Jon Vander - Apr 14, 2022 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Role
CEO and President
Signature
/s/ Eileen B. Schuler Attorney-in-Fact
Stock symbol
RSG
Transactions as of
Apr 14, 2022
Transactions value $
$43,662
Form type
4
Date filed
4/18/2022, 09:11 PM
Previous filing
Apr 11, 2022
Next filing
Jun 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSG Common Stock Options Exercise $0 +301 +0.41% $0.00 73.3K Apr 14, 2022 Direct F1
transaction RSG Common Stock Tax liability -$17.5K -132 -0.18% $132.71 73.2K Apr 14, 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 Award $61.2K +461 +0.99% $132.71 46.9K Apr 14, 2022 Common Stock 461 Direct F3, F4
transaction RSG Restricted Stock Units Options Exercise $0 -301 -0.64% $0.00 46.6K Apr 14, 2022 Common Stock 301 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person earned 301 dividend equivalents in connection with the 04/07/2017 RSU grant that had not vested as of the 04/01/2022 dividend record date. These additional dividend equivalents automatically vested on 04/14/2022 and were paid out in the form of Republic Services, Inc. common stock.
F2 Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares in connection with the 301 RSU dividend equivalents earned on 04/14/2022. The fair market value of the exchanged shares was $132.71 (the closing price of Republic Services, Inc.'s common stock on 04/14/2022).
F3 Based on 1 on 1 conversion.
F4 Reflects dividends paid on the Restricted Stock Units awarded per the Republic Services, Inc. 2021 Stock Incentive Plan. This amount includes 301 dividend equivalents that were accrued on the RSUs that cliff vested on 04/07/2022. A portion of Mr. Vander Ark's Restricted Stock Units are held under the Company's Deferred Compensation Plan.