Ellingsen Catharine D 4
4 · REPUBLIC SERVICES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Republic Services (RSG) EVP Catharine Ellingsen Receives RSU Vesting
What Happened
Catharine D. Ellingsen, EVP, Chief Legal Officer & Secretary of Republic Services, had 878 restricted stock units (RSUs) vest on 2026-03-01. The RSUs converted into 878 shares of RSG common stock (total value ≈ $201,062 using the $229.00 closing price). To satisfy tax withholding on the vesting, 372 of those shares were surrendered/withheld, valued at $229.00 per share for a withholding amount of $85,188. This was a vesting/tax-withholding event — not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-01 (Form 4 filed 2026-03-02; timely filing).
- Conversion: 878 RSUs converted to 878 common shares (transaction code M).
- Tax withholding: 372 shares withheld/surrendered to cover taxes (transaction code F) at $229.00/share (FMV based on 02/27/2026 close); withholding value $85,188.
- Total value of vested shares at $229.00: 878 × $229 = $201,062 (approx).
- Shares owned after transaction: not specified in the provided filing excerpt — see the Form 4 for total holdings.
- Footnotes: RSUs were part of a 03/01/2024 grant that vests 25% annually; each RSU equals one share. Tax withholding was accomplished by share surrender.
Context
This was a routine equity compensation vesting event. The shares surrendered were used solely to satisfy tax obligations (common practice) and do not indicate an open-market sale or a new purchase decision by the insider. For retail investors, vesting increases insider-held equity but withholding reduces the net shares received; interpret such actions cautiously and without inferring a buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+878→ 51,587.78 total - Tax Payment
Common Stock
[F2]2026-03-01$229.00/sh−372$85,188→ 51,215.78 total - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-03-01−878→ 1,753 total→ Common Stock (878 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. 878 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.