Ellingsen Catharine D 4

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.