Carlsen Elyse 4

What Happened Elyse Carlsen, Chief Accounting Officer of Republic Services (RSG), had 145 Restricted Stock Units (RSUs) vest on 2026-02-17 and received 145 shares of common stock (exercise/conversion of derivative). The closing price used for valuation was $221.19 per share, so the gross value of the 145 shares was about $32,073. To cover tax withholding, 46 of those shares were surrendered (disposed) at $221.19 each, totaling about $10,175, leaving a net of 99 shares issued to the reporting person. This was a routine RSU vesting/tax-withholding event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; Form 4 filed 2026-02-19 (filed within the typical two-business-day window).
• Shares delivered on vesting: 145 RSUs → 145 shares (Filing shows exercise/conversion code M for the derivative conversion).
• Tax withholding: 46 shares surrendered to satisfy tax liability at $221.19/share (code F); proceeds ≈ $10,175.
• Net shares retained by insider: 99 shares (145 - 46).
• Footnotes: RSUs were granted 02/17/2023 and vested 25% annually; 145 RSUs that included accrued dividend equivalents vested 02/17/2026 and were paid in common stock (F1–F3).
• Shares owned after transaction: not specified in the provided report.

Context This was an equity-compensation event (RSU vesting) with share withholding to cover taxes—a common, routine occurrence and not necessarily a signal of bullish or bearish insider trading. Codes on the Form 4: M = exercise/conversion of a derivative (RSU → share), F = shares surrendered for tax withholding.