Brummer Gregg 4
4 · REPUBLIC SERVICES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Republic Services (RSG) EVP Gregg Brummer Receives RSU Payout
What Happened
Gregg Brummer, EVP and COO of Republic Services, had 945 Restricted Stock Units (RSUs) vest on March 1, 2026. Those RSUs converted into 945 shares of common stock. To satisfy the tax withholding on the vested award, 391 of the shares were withheld (disposed) at a reported fair market value of $229.00 per share, generating a tax withholding amount of $89,539. This was a compensation vesting event, not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-01; Form filed: 2026-03-02 (timely filing).
- Vesting/Conversion: 945 RSUs converted to 945 shares (reported as derivative exercise/conversion, code M).
- Tax withholding: 391 shares withheld/disposed to cover taxes at $229.00 per share = $89,539 (code F). Fair market value cited is closing price on 02/27/2026.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: RSUs were granted 03/01/2024 and vest 25% annually; vested RSUs included accrued dividend equivalents; each RSU equals one share. The 391-share disposition represents share withholding to satisfy tax liability.
Context
This is a routine vesting of previously granted RSUs (compensation). The conversion of RSUs into shares and subsequent withholding to cover taxes is common and doesn’t necessarily signal a bullish or bearish view by the insider. Derivative code M denotes exercise/conversion of the RSU award; code F denotes shares surrendered to satisfy tax withholding.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+945→ 7,839.05 total - Tax Payment
Common Stock
[F2]2026-03-01$229.00/sh−391$89,539→ 7,448.05 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-03-01−945→ 1,895 total→ Common Stock (945 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. 945 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.