Bales Brian A 4

What Happened
Brian A. Bales, EVP & Chief Development Officer of Republic Services (RSG), had restricted stock units (RSUs) vest on 03/01/2026. As permitted under the company’s deferred compensation plan, 25% of the grant vested and the company withheld 24 shares to satisfy the reporting person’s tax liability. The withheld shares were valued at $229.00 each (closing price 02/27/2026), totaling $5,496. This was a routine tax-withholding on vested awards, not an open-market sale.

Key Details

• Transaction date: 2026-03-01.
• Actions reported: conversion/exercise of derivative (RSUs) (code M) and tax withholding (code F).
• Withheld: 24 shares at $229.00 per share — total value $5,496.
• Remaining deferred RSUs after vesting: 611 RSUs (per footnote).
• Footnotes: F1 explains 25% of the RSU grant vested and withholding to cover taxes; F2 clarifies each RSU equals one share.
• Filing: Reported 2026-03-02 for a 03/01/2026 transaction (filed promptly; not indicated as late).

Context
This was a net-settlement/tax-withholding related to RSU vesting — the insider did not sell shares on the open market for cash proceeds. Such withholdings are common when equity awards vest and generally reflect tax obligations rather than a trading decision.