Richardson Larson 4

What Happened

• Richardson Larson, Senior Vice President — Operations at Republic Services (RSG), had 231.43 Restricted Stock Units (RSUs vest) on 2026-02-18. The RSUs converted into 231.43 shares of RSG common stock (reported as an exercise/conversion of a derivative).
• To cover tax withholding, 99.17 of those shares were surrendered (disposed) at the closing price of $216.84 on 02/18/2026, generating a withholding value of approximately $21,504. Net shares delivered to Larson were 132.26 shares, worth about $28,680 based on that closing price.
• This was not an open-market purchase or sale for investment reasons but a routine vesting/settlement of equity compensation (no cash exercise price).

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely filing).
• Vesting details: 231.43 RSUs (including accrued dividend equivalents) granted 02/18/2025 vested per the 25% annual schedule and were paid in stock (Footnote F1, F3).
• Tax withholding: 99.17 shares withheld to satisfy tax liability at $216.84/share (Footnote F2); withholding value ≈ $21,504.
• Net shares received: 132.26 shares (231.43 issued − 99.17 withheld), net value ≈ $28,680 at the 02/18/2026 close.
• Shares owned after the transaction: not disclosed in the filing.
• Transaction codes: M = exercise/conversion of derivative (RSU-to-stock); F = shares withheld for tax withholding.

Context

• This is a routine equity compensation vesting event (award settlement), not an open-market buy or sale; such transactions typically reflect scheduled compensation rather than a trading signal.
• The filing shows a cashless tax-withholding settlement (shares used to pay taxes), which is common when RSUs vest.