Rodriguez Courtney 4

What Happened
Courtney Rodriguez, EVP and Chief Human Resources Officer of Republic Services, had 485 Restricted Stock Units (RSUs) vest on 2026-03-01 and those RSUs were converted into common shares. No cash was required for the conversion (exercise price $0). To cover the tax liability on the vesting, 201 of the newly issued shares were withheld (disposed) at a valuation of $229.00 per share, totaling $46,029. Net shares delivered to Rodriguez were 284 shares. Using the $229.00 closing price cited in the filing, the gross value of the vested shares was about $111,065 and the net value after withholding was about $65,036.

Key Details

• Transaction date: 2026-03-01; Form 4 filed 2026-03-02 (timely filing).
• Vesting/conversion: 485 RSUs -> 485 shares (transaction code M, $0.00 per share).
• Tax withholding: 201 shares withheld/disposed to satisfy tax liability (transaction code F) at $229.00/share = $46,029.
• Net shares received by insider: 284 shares (485 vested − 201 withheld).
• Footnotes: RSUs were granted 03/01/2024 and vest 25% per year over four years; each RSU equals one common share; the $229.00 price is the 02/27/2026 closing price used to value withheld shares.
• Shares owned after the transaction: not disclosed in the filing.

Context

• This was a routine vesting of previously granted RSUs, not an open-market buy or discretionary sale—common for employee equity compensation.
• The filing shows a cashless withholding of shares to satisfy tax obligations (code F); such withholdings are standard and do not necessarily indicate an insider view on the stock.
• For retail investors, purchases are generally more informative than routine vesting; this transaction reflects compensation vesting and tax settlement rather than a directional trade.