Vander Ark Jon 4
4 · REPUBLIC SERVICES, INC. · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Republic Services CEO Jon Vander Ark Receives Award; Sells Shares
What Happened Jon Vander Ark, CEO, President and a director of Republic Services (RSG), received equity awards on 02/19/2026 and had 9,818 shares withheld/sold to satisfy taxes. The filing shows (1) a settlement of 23,456 performance shares (valued at the 02/19/2026 close of $221.63) and (2) an award of 12,183 restricted stock units (RSUs). Separately, 9,818 shares were transferred/disposed at $221.63 each to cover withholding, generating proceeds of $2,175,963 (tax withholding transaction).
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (appears timely).
- Awards: 23,456 performance shares settled (based on $221.63 closing price) and 12,183 RSUs granted (total awarded = 35,639 shares, based on 02/19/2026 close).
- Sale/Withholding: 9,818 shares disposed at $221.63 for tax withholding, proceeds $2,175,963 (transaction code F).
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes: F1 = performance shares settled based on 02/19/2026 close; F2 = shares exchanged to satisfy tax liability at $221.63; F3 = RSUs vest 25% annually over four years and pay out one share per RSU.
Context The main activity is award/settlement of long-term equity (performance shares and RSUs). The 9,818-share disposition was a tax-withholding/cashless settlement rather than an open-market sale for investment purposes — a routine administrative step when awards vest. RSUs vest over four years (25% per year); the performance shares were settled immediately based on the closing price. This filing is informational and does not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+23,456→ 133,922.06 total - Tax Payment
Common Stock
[F2]2026-02-19$221.63/sh−9,818$2,175,963→ 124,104.06 total - Award
Restricted Stock Units
[F3]2026-02-19+12,183→ 12,183 total→ Common Stock (12,183 underlying)
Footnotes (3)
- [F1]Settlement of performance shares granted under the Republic Services, Inc. 2021 Stock Incentive Plan based on Republic's closing stock price on 02/19/2026 ($221.63).
- [F2]Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the settlement of performance shares on 02/19/2026. The fair market value of the exchanged shares was $221.63 (the closing price of Republic Services, Inc.'s common stock on 02/19/2026).
- [F3]Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2021 Stock Incentive Plan. The award will vest 25% on each of the first four anniversaries of the date of grant (which date of grant is 02/19/2026) and each RSU ultimately will be paid out in the form of one share of Republic's common stock. The number of RSUs was calculated based on Republic's closing stock price on 02/19/2026 ($221.63).