LARSON MICHAEL 4

What Happened

• Michael Larson, a director of Republic Services (RSG), was granted 115.53 restricted stock units (RSUs) on 2026-07-15. The award is reported at a per-share value of $217.34, for a total reported value of $25,109. This transaction is an award/grant (derivative acquisition), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-15; 115.53 RSUs @ $217.34 each (total $25,109).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: Award is based on a 1-for-1 conversion (one RSU converts to one share when settled).
  • F2: These represent additional RSUs accrued as dividends on outstanding RSU awards; they will vest and be settled to the extent the underlying RSUs vest.
• Filing timeliness: Report filed 2026-07-17 for a 2026-07-15 transaction — appears to be timely under Form 4 rules.

Context

• This was a derivative award (RSUs) rather than an option exercise or sale. Dividend-accrued RSUs are commonly issued as part of executive/director compensation and will convert to shares only if the underlying RSUs vest and settle. Such grants are routine compensation events and are not direct market purchases or sales.