[Form 4] REPUBLIC SERVICES, INC. Insider Trading Activity

Rhea-AI Filing Summary

Republic Services (RSG) reported insider equity accruals on a Form 4. The SVP, Operations recorded derivative awards on 10/15/2025, primarily from dividend equivalents tied to existing grants.

The filing lists acquisitions of 16.61 Restricted Stock Units (RSUs), 5 Performance Share Units (PSUs), and 2 Stock Units, with a referenced price of $221.03. Explanatory notes state the RSUs and PSUs represent dividend equivalents on outstanding or earned awards, with certain amounts held or deferred under the Company’s Deferred Compensation Plan.

Following these transactions, beneficial holdings are reported as 6,542 RSUs, 1,869 PSUs, and 553 Stock Units. The Stock Units are a measurement fund that is settled in cash and accrues dividend equivalents.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Richardson Larson

(Last) (First) (Middle)

18500 N. ALLIED WAY

(Street)

PHOENIX AZ 85054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
REPUBLIC SERVICES, INC. [ RSG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Operations

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/15/2025		A		16.61		(2)	(2)	Common Stock	16.61	$221.03	6,542(3)	D
Performance Shares (PSUs)	(1)	10/15/2025		A		5		(4)	(4)	Common Stock	5	$221.03	1,869	D
Stock Units	(5)	10/15/2025		A		2		(5)	(5)	Common Stock	2	$221.03	553	D

Explanation of Responses:

1. Based on 1 on 1 conversion.

2. Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards that will vest and be settled to the extent the RSU is vested and settles.

3. A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.

4. Reflects dividend equivalents received on earned Performance Shares ("PSUs") in accordance with the Republic Services, Inc. 2021 Stock Incentive Plan and such PSUs were deferred under the Company's Deferred Compensation Plan.

5. The Reporting Person holds these stock units under the Republic Services Stock Investment Fund ("Investment Fund") pursuant to his election under the Company's Deferred Compensation Plan. The Investment Fund is a measurement fund under which units are equal in value to shares of the Company's common stock and are settled in cash and receive dividend equivalents, in the form of additional stock units, each time a dividend is paid on the Company's common stock.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	10/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Republic Services (RSG) disclose in this Form 4?

An officer recorded dividend-equivalent accruals on 10/15/2025: 16.61 RSUs, 5 PSUs, and 2 Stock Units.

What amounts are beneficially owned after the reported transactions for RSG?

Reported holdings are 6,542 RSUs, 1,869 PSUs, and 553 Stock Units.

What is the referenced price associated with the derivative awards in RSG’s filing?

The filing references a price of $221.03 for the listed derivative entries.

What do the explanations say about the RSUs and PSUs in the RSG Form 4?

They represent dividend equivalents on outstanding or earned awards, some deferred under the Company’s Deferred Compensation Plan.

How are the Stock Units in the RSG filing settled?

Per the note, the Stock Units are a measurement fund equal in value to common stock and are settled in cash with dividend equivalents.

Who filed the Form 4 and what is their role at RSG?

The reporting person is an Officer with the title SVP Operations.