Carlsen Elyse 4

What Happened

• Elyse Carlsen, Chief Accounting Officer of Republic Services (RSG), had 100 Restricted Stock Units (RSUs) vest on 02/11/2026. The RSUs converted into 100 shares of common stock (exercise/conversion of derivative, code M). To satisfy tax withholding, 32 of those shares were withheld (code F) at $225.97 per share, totaling $7,231. The result: 100 shares issued, 32 withheld for taxes, net increase of 68 shares to her holdings.

Key Details

• Transaction date: 2026-02-11; filing date: 2026-02-13 (appears timely under Form 4 rules).
• Conversion price / exercise price: $0 (typical for RSU vesting); withholding price used: $225.97 (closing price on 02/11/2026).
• Withheld shares: 32 shares; cash value withheld: $7,231 (32 × $225.97).
• Gross shares issued on vesting: 100 shares (includes accrued dividend equivalents per footnote).
• Shares owned after the transaction: not specified in the provided filing data.
• Relevant footnotes from the filing:
  • F1: RSUs were granted 02/11/2022 and vested 25% annually; 100 RSUs vested on 02/11/2026 and were paid in common stock.
  • F2: 32 shares were exchanged to cover tax liability; FMV used for withholding was $225.97.
  • F3: Each RSU represents the right to one share of common stock.

Context

• This was an RSU vesting and routine tax-withholding event, not an open-market sale or purchase. Withholding shares to cover taxes is common and does not by itself signal a buy/sell decision by the insider.
• The filing shows conversion of RSUs (derivative exercise/conversion) and tax withholding rather than a cashless sale on the market.