Brummer Gregg 4
4 · REPUBLIC SERVICES, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Republic Services EVP Gregg Brummer Receives RSU Award
What Happened
Gregg Brummer, Executive Vice President and Chief Operating Officer of Republic Services (RSG), had 392 restricted stock units (RSUs) vest on 02/17/2026. The RSUs converted into common stock (reported as an M-code exercise/conversion). To cover tax withholding, 163 of the newly issued shares were surrendered at the closing price of $221.19, yielding $36,054 in tax withholding. Net shares received by Brummer: 392 − 163 = 229 shares. This was an award/vesting event rather than an open-market purchase or voluntary sale.
Key Details
- Transaction date: 2026-02-17 (filed 2026-02-19; filing appears timely).
- RSUs vesting: 392 shares converted to common stock (M).
- Tax withholding: 163 shares surrendered (F) at $221.19/share = $36,054.
- Net shares received: 229 common shares.
- Footnotes: F1—392 RSUs (granted 02/17/2023) vested per the 4-year schedule; F2—163 shares withheld to satisfy tax liability at the 02/17/2026 closing price; F3—each RSU equals one share.
- Shares owned after transaction: not specified in the provided excerpt.
- Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to cover taxes.
Context
RSU vesting and share-withholding for taxes are routine compensation events for executives and do not by themselves indicate a buy or sell decision. This was effectively a cashless tax withholding—no open-market sale of additional shares was reported. Retail investors often view outright purchases as a stronger indicator of insider sentiment; vesting/payments are primarily compensation-related.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-17+392→ 4,997 total - Tax Payment
Common Stock
[F2]2026-02-17$221.19/sh−163$36,054→ 4,834 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-02-17−392→ 393 total→ Common Stock (392 underlying)
Footnotes (3)
- [F1]The Restricted Stock Units ("RSUs") granted on 02/17/2023 vest 25% on each of the first four anniversaries of the date of grant. 392 RSUs, that included accrued dividend equivalents, automatically vested on 02/17/2026 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 02/17/2026. The fair market value of the exchanged shares was $221.19 (the closing price of Republic Services, Inc.'s common stock on 02/17/2026).
- [F3]Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.