Ellingsen Catharine D 4

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.