Bell Jennifer Lynn 4

What Happened
Jennifer Lynn Bell, Executive Vice President and Chief Marketing Officer of Republic Services (RSG), had 202.25 restricted stock units (RSUs) vest on 2026-05-01 and received those RSUs in the form of common stock. To cover the tax liability on the vesting, 97.79 of the shares were withheld (disposed) at a closing price of $206.56 per share, equal to $20,200. Net shares delivered to Bell were 104.46 shares (202.25 vested minus 97.79 withheld).

Key Details

• Transaction date: 2026-05-01; Form 4 filed 2026-05-04 (no late filing indicated in the provided report).
• Vesting: 202.25 RSUs vested and were paid in common stock (transaction code M — exercise/conversion of derivative).
• Tax withholding: 97.79 shares withheld to satisfy tax liability (transaction code F), fair market value $206.56 per share, total $20,200.
• Net shares received: 104.46 shares.
• Footnotes: F1 — these RSUs were part of a grant on 05/01/2025 that vests 25% annually; F2 — withholding represents shares exchanged to cover taxes at the closing price on 05/01/2026; F3 — each RSU equals one share of common stock.
• Shares owned after transaction: Not specified in the excerpt provided.

Context
This was an RSU vesting event, not an open-market buy or a discretionary sale. The withholding of shares to cover taxes is a routine administrative step (a cashless tax withholding) and should not be interpreted as a separate investment decision.