Volpe Sandra M 4

What Happened

• Sandra M. Volpe, a director of Republic Services (RSG), had 1,858 restricted stock units (RSUs settle 1-for-1) convert to 1,858 shares of common stock effective January 31, 2026. The shares were acquired at $0 (RSU settlement) and were promptly transferred as a gift to her family trust, for which she is trustee and whose beneficiaries are her children.
• The settled amount reflects the original grant of 1,788 RSUs (granted 01/03/2023) plus dividend equivalents, resulting in 1,858 shares at settlement.

Key Details

• Transaction date: 2026-01-31 (settlement/conversion and gift)
• Transaction types recorded: M (exercise/conversion of derivative/RSU) and G (gift)
• Price: $0 per share (typical for RSU settlements); total cash paid = $0
• Shares involved: 1,858 shares converted and 1,858 shares gifted to family trust
• Footnotes: RSUs were granted 01/03/2023, vested on grant but conversion restricted until the three‑year anniversary or separation; settlement included dividend equivalents; transfer was to the reporting person’s family trust (she is trustee; beneficiaries are her children)
• Timeliness: Form 4 filed 02/03/2026 for a 01/31/2026 transaction — filing appears timely (within required business-day window)

Context

• This was not an open‑market buy or sale. The transaction reflects the routine settlement of previously granted RSUs and an intra-family transfer (gift to a family trust). Gifts and RSU settlements do not necessarily indicate the director’s view of the company’s stock; they are often estate-planning or compensation-related events.