Richardson Larson 4

What Happened

• Richardson Larson, Senior Vice President, Operations at Republic Services (RSG), had 165 restricted stock units (RSUs) vest on February 11, 2026. Those 165 RSUs were converted into 165 shares of common stock (reported as an exercise/conversion of a derivative).
• To satisfy the tax withholding on the vesting, 110 of those shares were surrendered/withheld at the closing price of $225.97 on 02/11/2026, representing approximately $24,857 in tax withholding. The net result: 55 shares were issued to Larson after withholding. This is a routine RSU vesting with tax withholding, not an open-market sell or purchase.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (filed within normal 2-business-day window).
• Vesting/conversion: 165 RSUs -> 165 shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 110 shares withheld (code F) at $225.97/share; total value withheld ≈ $24,857.
• Remaining deferred RSUs: 493 RSUs remain deferred under the company’s Deferred Compensation Plan per filing footnote.
• Each RSU equals one share of common stock (footnote). The filing shows the withholding to cover tax liability, not an open-market sale.

Context

• This was an award vesting event (RSUs converting to stock) with shares withheld to cover taxes — a routine administrative transaction rather than a buy or market sale. In filings, conversion of RSUs is reported as a derivative exercise (M) and withholding as a disposition for tax purposes (F).
• No indication of a 10% owner or a 10b5-1 plan; the filing’s notes explain the deferred compensation election and tax withholding.