Bales Brian A 4

What Happened

• Brian A. Bales, Executive Vice President and Chief Development Officer of Republic Services, received three restricted stock unit (RSU) awards on April 15, 2026. The grants total 399.82 RSUs (198.82, 83, and 118 units), each priced at $210.87, with aggregate reported value of $84,310. These are recorded as derivative acquisitions (transaction code A — award/grant).

Key Details

• Transaction date and price(s): 2026-04-15; 198.82 RSUs @ $210.87 ($41,925), 83 RSUs @ $210.87 ($17,502), 118 RSUs @ $210.87 ($24,883).
• Total awarded: 399.82 RSUs, total reported value ~$84,310.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Filing date: Form 4 filed 2026-04-17 (appears within the standard 2-business-day reporting window).
• Footnotes of note:
  • F1: Awards convertible on a 1-for-1 basis to common shares.
  • F2/F5: Some units represent dividend equivalents credited on RSUs/PSUs and will vest/settle to the extent the underlying awards vest.
  • F3/F4: A portion of the RSUs are held or deferred under the Company’s Deferred Compensation Plan; some units in an Investment Fund are measured to stock value but settled in cash and receive dividend equivalents.
• Transaction type: Award/grant (not a market purchase or sale).

Context

• These were RSU awards and dividend-equivalent units (derivative instruments), not open-market purchases or sales; such awards are compensation-related and don’t necessarily signal the insider’s buy/sell market sentiment.
• Because some units are deferred or settled in cash (per footnotes), actual share issuance or cash settlement may occur later and can depend on vesting, plan elections, and performance-vesting conditions.