Ellingsen Catharine D 4

What Happened

• Catharine D. Ellingsen, EVP and Chief Legal Officer of Republic Services, had 419.4 Restricted Stock Units (RSUs) vest on 02/18/2026. The vested RSUs converted to common shares (fair market value at close $216.84). To cover tax withholding, 177.62 shares were surrendered (valued at $38,515). Net shares retained from the vesting: 241.78 shares. The total value of the vested shares at the closing price was about $90,943, with net value retained ~ $52,428 after withholding.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Vesting/Conversion: 419.4 RSUs converted to 419.4 shares (SEC code M used to report conversion of derivative).
• Tax withholding: 177.62 shares surrendered to satisfy tax liability (SEC code F); withholding value = $38,515 using $216.84 close price on 02/18/2026.
• Net shares retained from this vesting: 241.78 shares.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: RSUs were granted 02/18/2025 and vest 25% annually; each RSU equals one contingent share; withholding was executed via share surrender to cover taxes.

Context

• This was a routine equity award vesting (not a market purchase or open-market sale). The share surrender to cover taxes is common for RSU payouts and does not necessarily indicate a change in insider sentiment. The filing was submitted within the standard Form 4 deadline.