Vander Ark Jon 4
Research Summary
AI-generated summary
Republic Services (RSG) CEO Jon Vander Ark Receives RSU Award
What Happened
- Jon Vander Ark, CEO, President and Director of Republic Services (RSG), received a derivative award of 129.83 Restricted Stock Units (RSUs) on 2026-07-15. The filing values the award at $217.34 per share for a total of approximately $28,217. This was an award/acquisition (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-15; Filing date: 2026-07-17 (appears timely).
- Award type: RSU accruals treated as derivative awards; price/reference: $217.34 per share; total value ≈ $28,217.
- Shares acquired: 129.83 RSUs (will convert 1-for-1 to common shares per footnote).
- Shares owned after transaction: not stated in the provided filing.
- Footnotes:
- F1: Conversion is on a 1-for-1 basis (each RSU converts to one share).
- F2: These RSUs represent additional units accrued as dividends on outstanding RSU awards; they will vest and be settled only to the extent the underlying RSUs vest. A portion of Mr. Vander Ark’s RSUs are held under the company’s Deferred Compensation Plan.
- Transaction nature: Award/grant (A) — not a cash purchase or sale; treated as compensation/dividend accrual.
Context
- This transaction reflects an award of additional RSUs (dividend-equivalent accrual), which are derivative rights that convert to shares upon vesting/settlement. Such awards are typically part of executive compensation and do not necessarily signal a personal purchase decision.