Republic Services (RSG) Director Margaret Reynolds Converts 680 RSUs

What Happened Margaret Reynolds, a non-management director of Republic Services (RSG), converted 680 restricted stock units (RSUs) into 680 shares of common stock effective 2026-07-31. The filing shows an exercise/conversion of a derivative (transaction code M) resulting in acquisition of 680 shares at an exercise price of $0.00; a matching derivative disposition entry reflects the conversion of the RSU derivative into underlying shares. The conversion included accrued dividend equivalents; no cash purchase was reported.

Key Details

• Transaction date: 2026-07-31; Form 4 filed 2026-08-03 (appears to be filed timely).
• Transaction type/code: M = exercise/conversion of derivative (RSUs).
• Shares converted/received: 680 shares at $0.00 per share (total cash paid $0).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • F1: Original grant date 07/26/2023 of 656 RSUs which vested immediately; settlement was deferred until the earlier of the 3-year anniversary or separation from service. Settlement on 07/31/2026 included dividend equivalents, bringing total settled RSUs to 680.
  • F2: Conversion was on a 1-for-1 basis.

Context This was a routine settlement of vested RSUs into common stock (an award settlement), not an open-market buy or sale. Such compensation-related conversions are common for directors and do not necessarily indicate a personal buy/sell decision about the stock. The filing records the extinguishment of the derivative (RSU) and issuance of common shares.