DelGhiaccio Brian M 4

What Happened

• Brian M. DelGhiaccio, Chief Financial Officer of Republic Services (RSG), had 563.91 restricted stock units (RSUs) vest on 2026-02-18. The RSUs converted into the same number of common shares (acquired at $0 cost).
• To satisfy tax withholding, 309.30 of those shares were withheld/disposed at the closing price of $216.84, generating $67,069 to cover the tax liability. Net shares delivered to him after withholding: 254.61 shares.
• This was not an open-market purchase or sale for investment gain; it was the routine vesting and tax-withholding of awarded RSUs.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely — within the 2-business-day window).
• Vesting/conversion (code M): 563.91 RSUs → 563.91 shares at $0 per share.
• Tax withholding (code F): 309.30 shares withheld/disposed at $216.84 each = $67,069.
• Net shares retained by the insider after withholding: 254.61 shares.
• Footnotes: RSUs were granted 02/18/2025 with a 4-year 25% annual vesting schedule; each RSU equals one share; $216.84 is the 02/18/2026 closing price used to value withheld shares.
• Shares owned after the transaction: not specified in the provided Form 4 excerpt.

Context

• This filing documents routine RSU vesting and a common "sell-to-cover" (share withholding) to pay taxes — not a directional buy or discretionary sale by the insider.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion to shares); F = disposition to satisfy tax withholding.
• For retail investors: such vesting events are standard compensation mechanics and generally do not signal the insider initiating a market trade for investment reasons.