Were Elyse Carlsen’s share disposals in RSG an open-market sale?

The reported share disposals were not open-market sales. Shares were delivered back to Republic Services solely to cover tax liabilities triggered by RSU vesting, using a fair market value of $229.00 per share for the withheld stock.

What price per share was used for RSG tax-withholding shares?

The tax-withholding transactions used a fair market value of $229.00 per share. This amount reflects the closing price of Republic Services common stock on February 27, 2026, and was applied to determine the value of shares exchanged for taxes.

Republic Services (RSG) CAO nets common shares from RSU vesting

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Republic Services, Inc. CAO Elyse Carlsen reported RSU vesting and related share transactions. On March 1, 2026, 82 and 137 Restricted Stock Units that had accrued dividend equivalents automatically vested and were settled in an equal number of shares of common stock.

In connection with these vestings, 22 and 37 shares of common stock were withheld and delivered back to the company to cover tax liabilities, based on a fair market value of $229.00 per share. After these transactions, Carlsen continued to hold common stock and RSUs directly.

Insider Trade Summary

219 shares exercised/converted

Mixed 6 txns

Insider Carlsen Elyse

Role CAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	82	$0.00	--
Exercise	Restricted Stock Units	137	$0.00	--
Exercise	Common Stock	82	$0.00	--
Tax Withholding	Common Stock	22	$229.00	$5K
Exercise	Common Stock	137	$0.00	--
Tax Withholding	Common Stock	37	$229.00	$8K

Holdings After Transaction: Restricted Stock Units — 171 shares (Direct); Common Stock — 834 shares (Direct)

Footnotes (1)

The Restricted Stock Units ("RSUs") granted on 03/01/2024 vest 25% on each of the first four anniversaries of the date of grant. 82 RSUs, that included accrued dividend equivalents, automatically vested on 03/01/2026 and were paid out in the form of Republic Services, Inc.'s common stock. Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award on 03/01/2026. The fair market value of the exchanged shares was $229.00 (the closing price of Republic Services, Inc.'s common stock on 02/27/2026). The Restricted Stock Units ("RSUs") granted on 03/01/2024 vest 25% on each of the first four anniversaries of the date of grant. 137 RSUs, that included accrued dividend equivalents, automatically vested on 03/01/2026 and were paid out in the form of Republic Services, Inc.'s common stock. Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.

Form 4 Insider Transactions: What Each Field Means →

03/02/2026 - 09:05 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Carlsen Elyse

(Last)

(First)

(Middle)

C/O REPUBLIC SERVICES, INC.

5353 E. CITY NORTH DRIVE

(Street)

PHOENIX

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)
	CAO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/01/2026		M		82⁽¹⁾	A	$0	834	D
Common Stock	03/01/2026		F		22⁽²⁾	D	$229	812	D
Common Stock	03/01/2026		M		137⁽³⁾	A	$0	949	D
Common Stock	03/01/2026		F		37⁽²⁾	D	$229	912	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	03/01/2026		M			82	⁽¹⁾	⁽¹⁾	Common Stock	82	$0	171	D
Restricted Stock Units	⁽⁴⁾	03/01/2026		M			137	⁽³⁾	⁽³⁾	Common Stock	137	$0	282	D

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") granted on 03/01/2024 vest 25% on each of the first four anniversaries of the date of grant. 82 RSUs, that included accrued dividend equivalents, automatically vested on 03/01/2026 and were paid out in the form of Republic Services, Inc.'s common stock.

2. Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award on 03/01/2026. The fair market value of the exchanged shares was $229.00 (the closing price of Republic Services, Inc.'s common stock on 02/27/2026).

3. The Restricted Stock Units ("RSUs") granted on 03/01/2024 vest 25% on each of the first four anniversaries of the date of grant. 137 RSUs, that included accrued dividend equivalents, automatically vested on 03/01/2026 and were paid out in the form of Republic Services, Inc.'s common stock.

4. Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	03/02/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Republic Services (RSG) report for Elyse Carlsen?

Republic Services CAO Elyse Carlsen reported RSU vesting and related share withholding. RSUs granted in 2024 vested on March 1, 2026 and converted into common stock, with a portion of shares withheld to satisfy tax obligations.

How many Restricted Stock Units vested for RSG CAO Elyse Carlsen?

A total of 82 and 137 Restricted Stock Units vested for Elyse Carlsen. These RSUs, including accrued dividend equivalents, automatically converted into an equal number of Republic Services common shares on March 1, 2026 under a 2024 RSU grant.

What does each Republic Services RSU held by Elyse Carlsen represent?

Each Restricted Stock Unit represents the contingent right to receive one share of Republic Services common stock. Upon vesting, RSUs automatically convert into an equal number of shares, subject to applicable tax withholding obligations satisfied in shares.