Brummer Gregg 4
4 · REPUBLIC SERVICES, INC. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Republic Services (RSG) EVP Gregg Brummer Receives RSU Vesting
What Happened
Gregg Brummer, EVP and COO of Republic Services (RSG), had 463.86 restricted stock units (RSUs) vest on 2026-02-18. The vested RSUs converted into common shares at the closing price of $216.84. To satisfy tax withholding, 191.81 shares were surrendered (valued at $41,592); the remaining ~272.05 shares were delivered to him. This was a vesting/award event (not an open-market buy or sale).
Key Details
- Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely).
- Vested: 463.86 RSUs converted to common stock at $216.84/share (total value ≈ $100,583).
- Tax withholding: 191.81 shares withheld at $216.84 = $41,592.
- Net delivered to insider: ~272.05 shares (≈ $58,991 net value).
- Footnotes: RSUs were granted 02/18/2025 and vest 25% annually; each RSU equals one share; shares were withheld to satisfy tax liability.
- Filing codes: M = conversion/exercise of derivative (RSU conversion); F = shares withheld for taxes.
- Shares owned after transaction: not specified in the provided filing.
Context
This was a routine equity award vesting event, with standard tax-withholding via share surrender (a cashless/withholding arrangement). Such withholding is common and does not by itself indicate a voluntary sale or change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-18+463.86→ 5,297.86 total - Tax Payment
Common Stock
[F2]2026-02-18$216.84/sh−191.81$41,592→ 5,106.05 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-02-18−463.86→ 1,393.62 total→ Common Stock (463.86 underlying)
Footnotes (3)
- [F1]The Restricted Stock Units ("RSUs") granted on 02/18/2025 vest 25% on each of the first four anniversaries of the date of grant. 463.86 RSUs, that included accrued dividend equivalents, automatically vested on 02/18/2026 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 02/18/2026. The fair market value of the exchanged shares was $216.84 (the closing price of Republic Services, Inc.'s common stock on 02/18/2026).
- [F3]Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.