Duffy Michael A 4
4 · REPUBLIC SERVICES, INC. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Duffy Michael A
Director
Transactions
- Award
Restricted Stock Units
2023-01-03+1,788→ 1,788 total→ Common Stock (1,788 underlying)
Footnotes (2)
- [F1]Based on 1 on 1 conversion.
- [F2]On 01/03/2023 ("Date of Grant"), each non-management Director received an annual award of 1,788 Restricted Stock Units ("RSUs") pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan. The grant was based on a value on the Date of Grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the Date of Grant ($128.68). The RSUs under this 01/03/2023 grant immediately vest; however, the Director cannot convert any of the RSUs to Company common stock (based on a 1 on 1 conversion) until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs (for this grant being 01/31/2026), unless deferred by the Director, or the date on which the Director leaves the Board. The Director elected to defer this grant pursuant to the Company's Deferred Compensation Plan.