Vander Ark Jon 4

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.