Ellingsen Catharine D 4
4 · REPUBLIC SERVICES, INC. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Republic Services EVP Catharine Ellingsen Receives RSU Shares
What Happened
Catharine D. Ellingsen, EVP and Chief Legal Officer of Republic Services (RSG), had 1,282 Restricted Stock Units (RSUs) vest on 02/11/2026. The RSUs converted into 1,282 shares of common stock (reported as derivative conversion, code M). To cover tax withholding, 564 of those shares were surrendered/withheld (code F) at the closing price of $225.97, producing a withholding value of approximately $127,447. Net shares delivered to Ellingsen were 718. The total value of the vested RSUs at the closing price was about $289,694.
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (timely).
- Conversion: 1,282 RSUs → 1,282 shares (exercise/conversion of derivative, code M) at $0 exercise price.
- Tax withholding: 564 shares withheld/disposed at $225.97 each (value ~$127,447) (code F).
- Net shares retained: 718 shares.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: RSUs granted 02/11/2022 vested 25% annually; vested RSUs included accrued dividend equivalents and were paid in common stock. Each RSU equals one share. Withheld shares satisfy tax liability using the closing stock price on 02/11/2026.
Context
This was a standard vesting of previously granted RSUs with shares withheld to cover taxes (a routine administrative step), not an open-market sale or purchase. The filing shows conversion of RSUs to shares and share surrender for tax purposes — not a market-based sale that would indicate active divestment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-11+1,282→ 47,560 total - Tax Payment
Common Stock
[F2]2026-02-11$225.97/sh−564$127,447→ 46,996 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-02-11−1,282→ 0 total→ Common Stock (1,282 underlying)
Footnotes (3)
- [F1]The Restricted Stock Units ("RSUs") granted on 02/11/2022 vest 25% on each of the first four anniversaries of the date of grant. 1,282 RSUs, that included accrued dividend equivalents, automatically vested on 02/11/2026 and were paid out in the form of Republic Services, Inc.'s common stock.
- [F2]Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award on 02/11/2026. The fair market value of the exchanged shares was $225.97 (the closing stock price of Republic Services, Inc.'s common stock on 02/11/2026).
- [F3]Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.