LINEBARGER NORMAN THOMAS 4

What Happened
Norman Linebarger, a director of Republic Services, received an award of 10.71 restricted stock units (derivative securities) on April 15, 2026. The filing values the units at $210.87 each for a total of approximately $2,258. This was an award/acquisition (Form 4 code A) of RSUs—compensation-related, not an open-market purchase.

Key Details

• Transaction date: April 15, 2026. Form 4 filed April 17, 2026 (appears timely).
• Transaction type/code: A (Award/Grant) — derivative (RSU).
• Amount & pricing: 10.71 RSUs at $210.87 per share; total ≈ $2,258.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: F1 — based on a 1:1 conversion; F2 — represents additional RSUs accrued as dividends on outstanding RSU awards that will vest and be settled to the extent the underlying RSU vests.
• No indication of a 10b5-1 plan, cashless exercise, or gift; this is a compensation-related award.

Context
These units are dividend-accrued RSUs (derivative awards) that convert/settle under the terms of the original RSU grants when/if they vest. Such awards are routine compensation and do not represent an open-market buy or sell; they should be interpreted as part of director pay rather than a direct market sentiment signal.