Brian A. Bales - Feb 17, 2023 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Role
EVP, Chief Development Officer
Signature
/s/ Lauren McKeon Attorney-in-Fact
Stock symbol
RSG
Transactions as of
Feb 17, 2023
Transactions value $
$833,327
Form type
4
Date filed
2/22/2023, 05:27 PM
Previous filing
Feb 16, 2023
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RSG Common Stock Award $22.3K +169 +0.83% $131.96 20.5K Feb 17, 2023 Direct F1
transaction RSG Common Stock Tax liability -$22.3K -169 -0.83% $131.96 20.3K Feb 17, 2023 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 $420K +3.18K $131.96 3.18K Feb 17, 2023 Common Stock 3.18K Direct F3
transaction RSG PSU Shares Deferred to DCP Award $413K +3.13K $131.96 3.13K Feb 17, 2023 Common Stock 3.13K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,301 performance shares ("PSUs") were earned as of 02/17/2023 pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan based on Republic's closing stock price on 02/17/2023 ($131.96). The Reporting Person elected to defer 100% of the grant, less taxes, 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 02/17/2023. The fair market value of the exchanged shares was $131.96 (the closing price of Republic Services, Inc.'s common stock on 02/17/2023).
F3 Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc. 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 02/17/2023) 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 02/17/2023 ($131.96). This grant is subject to the Republic Services, Inc.'s Deferred Compensation Plan as elected by the Reporting Person.
F4 Based on 1 on 1 conversion.