Vander Ark Jon 4

What Happened

• Jon Vander Ark, President and CEO (and Director) of Republic Services, had 3,720 restricted stock units (RSUs) vest on 02/11/2026. The RSUs converted to common shares (reported as derivative conversion/exercise, code M) at $0 exercise price. To cover tax withholding, 999 shares were surrendered (code F) with a fair market value of $225.97 per share, resulting in $225,744 withheld.

Key Details

• Transaction date: 2026-02-11; Filing date: 2026-02-13 (filed within the typical 2-business-day window).
• Vesting: 3,720 RSUs vested and were paid in common stock; each RSU = 1 share (footnotes F1, F3).
• Tax withholding: 999 shares withheld at $225.97/share = $225,744 (footnote F2).
• Net shares delivered to Vander Ark from this vesting: 3,720 − 999 = 2,721 shares.
• Reporting codes: M = exercise/conversion of derivative (RSU payout); F = shares withheld to satisfy tax liability.
• The filing does not state total shareholdings after the transaction beyond this vesting/net delivery.

Context

• These were award vestings (not an open-market buy or a discretionary sale). The RSUs were granted 02/11/2022 and vested in accordance with a four-year, 25% annual schedule; the 2026 event was the final scheduled vesting of that tranche. The tax obligation was satisfied by share withholding (a common, non-cash method), which reduces the net shares received rather than signaling a sale decision.