Richardson Larson 4

What Happened
Richardson Larson, Senior Vice President of Operations at Republic Services (RSG), had performance shares settle on 02/19/2026 and received a separate grant of Restricted Stock Units (RSUs). A total of 2,366 performance shares were settled (valued at the closing price of $221.63), and 1,015 of those shares were surrendered/withheld to satisfy tax withholding obligations (proceeds/value ~$224,954). In addition, Larson was awarded 1,129 RSUs that vest 25% each year over four years and will convert to one share apiece when vested.

Key Details

• Transaction date: 02/19/2026; Form 4 filed 02/23/2026 (filed within the two-business-day reporting window).
• Performance shares settled: 2,366 shares (settlement price based on closing price $221.63).
• Tax withholding: 1,015 shares disposed to cover taxes at $221.63/share, total ~$224,954. (Code F = tax withholding)
• RSU award: 1,129 RSUs (vest 25% on each anniversary starting 02/19/2026; each RSU converts to one common share) (Code A = award/acquisition).
• Net immediate shares retained from the settlement: 2,366 − 1,015 = 1,351 shares (plus the unvested 1,129 RSUs).
• Shares owned after the transaction: not stated in the filing excerpt.
• Notes: F1–F3 in the filing explain the performance share settlement, tax withholding via share surrender, and RSU vesting schedule.

Context

• This filing reflects a routine settlement of performance-based equity and the common practice of surrendering shares to cover taxes; the 1,015-share disposition was for tax withholding, not an open-market sale.
• RSUs are derivative awards that vest over time and are generally not an immediate bullish signal—however, they represent future potential ownership as they vest.