Richardson Larson 4

What Happened
Richardson Larson, Senior Vice President — Operations at Republic Services (RSG), had 295 restricted stock units (RSUs) vest on 03/01/2026. The 295 RSUs converted into 295 shares of common stock (derivative conversion). To satisfy tax withholding, 127 of those shares were surrendered at a fair market value of $229.00 per share (closing price 02/27/2026) for a withholding amount of $29,083. Net shares delivered to Larson were 168 shares. The gross value of the vested 295 shares was about $67,555; the net value retained after withholding was about $38,472.

Key Details

• Transaction date: 2026-03-01; Form filed: 2026-03-02 (timely filing).
• Actions reported: M (conversion of derivative/RSU → shares) and F (shares withheld to satisfy tax liability).
• Shares vested: 295 RSUs; shares withheld for taxes: 127; net shares received: 168.
• Prices/values: FMV used for withholding = $229.00 per share (closing price 02/27/2026); withheld value = $29,083; gross vested value ≈ $67,555; net value ≈ $38,472.
• Footnotes: RSUs were granted 03/01/2024 with a 25% annual vesting schedule; these 295 RSUs (including dividend equivalents) vested on 03/01/2026. Each RSU equals one share of common stock.
• Shares owned after transaction: not specified in this filing.
• Filing status: timely (not reported late).

Context
This was a routine compensation-related vesting event, not an open-market purchase or sale. The share surrender to cover taxes is a common practice (cashless/stock withholding) and does not by itself indicate a change in insider sentiment. RSUs are contingent rights to receive shares upon vesting (reported here as conversion of a derivative).