Rodriguez Courtney 4

What Happened

• Courtney Rodriguez, EVP & Chief Human Resources Officer at Republic Services (RSG), had 264.78 restricted stock units (RSUs vest) convert to common stock on 2026-02-18. The RSUs converted at no exercise price (typical for RSUs).
• To satisfy tax withholding, 123.52 of the shares were surrendered (disposed) at the closing price of $216.84 on 02/18/2026, equal to about $26,784. The net shares delivered to Rodriguez were approximately 141.26.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-20 (filed within the usual 2-business-day window).
• Vesting: 264.78 RSUs vested (these RSUs were part of a 02/18/2025 grant that vests 25% on each of the first four anniversaries).
• Tax withholding: 123.52 shares were exchanged to cover tax liability; fair market value used = $216.84/share; proceeds ≈ $26,784.
• Net shares received: ~141.26 common shares (264.78 vested − 123.52 withheld).
• Transaction codes: M = conversion/exercise of derivative (RSU → shares); F = shares surrendered for tax withholding (sell-to-cover).
• Footnotes: Each RSU equals one share; RSUs included accrued dividend equivalents; the withholding was executed in shares rather than a cash payment.

Context

• This was a standard RSU vesting and withholding for taxes — not an open-market sale or purchase. Such "sell-to-cover" withholdings are routine and reflect tax obligations, not necessarily a view on the company’s stock.
• Because RSUs converted with no cash exercise price, there was no out-of-pocket purchase by the insider.