Craig Ian M. 4

What Happened
Craig Ian M., newly appointed director of Republic Services (RSG), was granted 919 restricted stock units (RSUs) on 2026-02-10. The RSUs were recorded at $0.00 acquisition price (typical for awards) and are valued based on the $223.07 closing price on the grant date, equal to roughly $205,000. This is a compensation award for board service (neither a purchase nor a sale).

Key Details

• Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12) — filing appears timely.
• Transaction type/code: Award/Grant (A); acquired 919 RSUs at $0.00 (derivative).
• Grant valuation: 919 RSUs × $223.07 = approximately $205,001.
• Conversion/vesting: RSUs immediately vest but cannot be converted into shares until the earlier of the month-end of the three-year anniversary — scheduled to convert on 2029-02-28 per the filing — unless the director defers or separates from service.
• Reason/plan: Granted under the Company’s 2021 Stock Incentive Plan; annual non-management director award (prorated for newly appointed directors).
• Dividend treatment: After dividend distributions, additional RSU equivalents are credited (per company policy).
• Shares owned after transaction: Not specified in this filing.

Context
RSUs are a deferred equity award (a derivative) that become common stock only upon conversion; the $0.00 acquisition price reflects that no cash was paid. Grants to new or non-management directors are routine compensation and do not, on their own, indicate insider buying or selling sentiment.