Snee James P 4

What Happened

• James P. Snee, a non-management director of Republic Services (RSG), had 1,858 restricted stock units (RSUs settled) converted into 1,858 shares of common stock effective 01/31/2026. The reported transaction entries show an acquisition via exercise/conversion (code M) for 1,858 shares at $0.00 and a related derivative disposition for the same amount at $0.00. No cash was paid on conversion.

Key Details

• Transaction date: 2026-01-31; Form 4 filed: 2026-02-03.
• Transaction type/code: Exercise/conversion of derivative (M) — conversion/settlement of RSUs.
• Shares involved: 1,858 shares acquired/converted; exercise price reported $0.00 (no cash paid).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Notable footnotes:
  • F1: The RSUs were originally granted 01/03/2023 (1,788 RSUs) and were immediately vested but restricted from settlement until the three‑year anniversary or separation; settlement on 01/31/2026 included dividend equivalents, bringing the settled total to 1,858 RSUs.
  • F2: Conversion was on a 1-for-1 basis.

Context

• This was a settlement/conversion of previously granted RSUs, not an open-market buy or sell. Such conversions are routine for vested awards and do not necessarily signal a buy/sell judgment by the insider.
• The filing shows the mechanics of converting RSUs to shares (derivative exercise/settlement) rather than a cash purchase or sale.