Vander Ark Jon 4
4 · REPUBLIC SERVICES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Republic Services (RSG) CEO Jon Vander Ark Receives RSU Shares
What Happened
Jon Vander Ark, President & CEO of Republic Services, had 3,476 restricted stock units (RSUs) vest on 2026-03-01. The vested RSUs converted into 3,476 shares of common stock (exercise/conversion at $0.00 because these were RSUs) with an aggregate market value of about $796,004 (3,476 × $229.00). To satisfy the tax withholding, 1,455 of those shares were surrendered/withheld, valued at $333,195.
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-02 (timely filing).
- Conversion: 3,476 RSUs converted to 3,476 shares (derivative conversion; code M).
- Tax withholding: 1,455 shares withheld/disposed to cover tax liability (code F) at $229.00/share = $333,195.
- Net shares delivered to Vander Ark from this vesting: 3,476 − 1,455 = 2,021 shares.
- Footnotes: F1 confirms RSUs granted 03/01/2024 vested on anniversaries; F2 states the $229.00 FMV is the 02/27/2026 closing price; F3 notes each RSU equals one share.
- Shares owned after the transaction (total holdings) are not specified in the filing.
Context
This was a routine RSU vesting event, not an open-market purchase or sale for investment timing. The conversion of RSUs into shares is recorded as a derivative exercise (no cash exercise price), and the company satisfied tax withholding by retaining/surrendering a portion of the issued shares (a common practice). Such vesting and withholding reflect compensation delivery and tax obligations, not necessarily a signal about the insider’s view of the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+3,476→ 127,580.06 total - Tax Payment
Common Stock
[F2]2026-03-01$229.00/sh−1,455$333,195→ 126,125.06 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-03-01−3,476→ 6,958 total→ Common Stock (3,476 underlying)
Footnotes (3)
- [F1]The Restricted Stock Units ("RSUs") granted on 03/01/2024 vest 25% on each of the first four anniversaries of the date of grant. 3,476 RSUs, that included accrued dividend equivalents, automatically vested on 03/01/2026 and were paid out in the form of Republic Services, Inc.'s common stock.
- [F2]Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award on 03/01/2026. The fair market value of the exchanged shares was $229.00 (the closing price of Republic Services, Inc.'s common stock on 02/27/2026).
- [F3]Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.