Bales Brian A 4

What Happened Brian A. Bales, EVP & Chief Development Officer of Republic Services (RSG), had 57 shares of common stock withheld by the company on Feb 11, 2026 to satisfy tax withholding related to vested Restricted Stock Units (RSUs). The withheld shares were valued at the closing price of $225.97 per share, totaling about $12,880. The filing shows the RSUs converted to shares (derivative code M) and then 57 shares were disposed via tax withholding (code F).

Key Details

• Transaction date: 2026-02-11; Filed: 2026-02-13 (timely filing).
• Conversion/vesting: 57 RSUs converted to 57 shares at $0.00 exercise price (typical for RSU settlement).
• Tax withholding: 57 shares withheld at $225.97 per share to satisfy tax liability; total ~ $12,880.
• Remaining deferred RSUs: 820 RSUs (including accrued dividend equivalents) remain deferred under the company’s Deferred Compensation Plan.
• Footnotes: The RSUs were from a grant dated 02/11/2022 and 25% of that grant vested on 02/11/2026; the withholding was performed under the company plan (see footnote F1).
• Shares owned after transaction: not specified in this filing.

Context This was a routine tax-withholding disposition following RSU vesting (a cashless withholding), not an open-market sale or a separate decision to divest shares. Such withholdings are common when equity awards vest and do not by themselves indicate insider buying or selling intent.