Arambula Julia 4

What Happened

• Julia Arambula, Senior Vice President, Operations at Republic Services (RSG), had performance shares settle and received a new RSU award on 2026-02-19. She was credited with 3,050 performance shares (settled) and granted 1,174 restricted stock units (RSUs). To satisfy tax withholding on the settlement, 1,262 shares were surrendered/sold at the closing price of $221.63 for proceeds of $279,697 (used to cover taxes).
• Using the 02/19/2026 closing price ($221.63 per share), the settled 3,050 performance shares had an implied market value of about $676,000 and the 1,174 RSUs were valued at about $260,200 at grant (these are estimates based on the disclosed closing price).

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed on the required deadline).
• Prices: closing price used for valuation and tax withholding = $221.63 per share.
• Shares reported: +3,050 performance shares (A, acquired), +1,174 RSUs (A, derivative award), -1,262 shares disposed (F, tax withholding) for $279,697.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: performance shares settled based on 02/19/2026 close (F1); 1,262 shares surrendered to satisfy tax liability at $221.63 (F2); RSUs vest 25% each year over four years and convert to one share each upon vesting (F3).
• Transaction codes: A = Award/Grant; F = Tax withholding/surrender of shares to cover taxes.

Context

• The sale was a sell-to-cover for withholding taxes tied to the settlement of performance shares, not an open-market judgment on the company’s stock. Awards and RSUs are compensation actions rather than purchases indicating insider bullishness.
• The RSU grant vests over four years (25% each year), meaning most of the awarded shares are subject to future vesting and are not immediately tradable.