Republic Services CAO reports new RSU awards

Republic Services, Inc. CAO Elyse Carlsen reported routine equity compensation activity.

Rhea-AI Filing Summary

Republic Services, Inc. CAO Elyse Carlsen reported routine equity compensation activity. She acquired 4.03 Restricted Stock Units at a reference price of $210.8700 per unit, each convertible on a 1-for-1 basis into common stock.

Total Restricted Stock Units reported increased to 1,292.9 units, including amounts held under the company’s Deferred Compensation Plan. Carlsen also received 1.0 additional PSU share deferred to the plan, bringing that balance to 240.0 units. These awards reflect dividend equivalents on existing RSU and performance share awards, not open-market buying or selling.

Insider Trade Summary

Grant/Award: 5.03 shares

Grant/Award 2 txns

Insider Carlsen Elyse

Role CAO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	4.03	$210.87	$849.81
Grant/Award	PSU Shares Deferred to DCP	1	$210.87	$210.87

Holdings After Transaction: Restricted Stock Units — 1,292.9 contracts (Direct); PSU Shares Deferred to DCP — 240 contracts (Direct)

Footnotes (4)

1. F1. Based on a 1 on 1 conversion.
2. F2. 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. F3. A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.
4. F4. 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.

Key Figures

RSUs granted: 4.03 units RSU reference price: $210.8700 per unit Total RSUs after transaction: 1,292.9 units +3 more

6 metrics

RSUs granted 4.03 units Restricted Stock Units accrued as dividends on outstanding RSU awards

RSU reference price $210.8700 per unit Reference grant price for newly accrued RSUs

Total RSUs after transaction 1,292.9 units Restricted Stock Units held following the April 15, 2026 grant

Deferred PSU shares granted 1.0 unit Dividend equivalent on earned Performance Shares deferred to DCP

Total deferred PSU balance 240.0 units PSU shares deferred under the Deferred Compensation Plan after grant

Conversion ratio 1 to 1 Each RSU or PSU share converts into one Republic Services common share

Key Terms

Restricted Stock Units, Performance Shares, Deferred Compensation Plan, dividend equivalents

4 terms

Restricted Stock Units financial

"Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Shares financial

"Reflects dividend equivalents received on earned Performance Shares ("PSUs") in accordance with the Republic Services, Inc. 2021 Stock Incentive Plan"

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

Deferred Compensation Plan financial

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

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

dividend equivalents financial

"Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Republic Services (RSG) CAO Elyse Carlsen report in this Form 4?

Elyse Carlsen reported routine equity compensation grants, not market trades. She received 4.03 Restricted Stock Units and 1 additional deferred PSU share as dividend equivalents on existing awards, increasing her RSU and deferred PSU balances modestly under Republic Services’ stock incentive and deferred compensation plans.

How many Restricted Stock Units did Elyse Carlsen acquire in the latest RSG filing?

Carlsen acquired 4.03 additional Restricted Stock Units. These RSUs were accrued as dividend equivalents on outstanding RSU awards and will vest and settle only to the extent the underlying RSUs vest and settle, aligning her compensation with Republic Services’ long-term share performance.

What is the reference price for Elyse Carlsen’s new RSUs at Republic Services (RSG)?

The new RSUs use a reference price of $210.8700 per share. This value is used for grant reporting and accounting, not as an open-market purchase price, since these awards are stock-based compensation rather than shares bought on the stock exchange.

How many total Restricted Stock Units does Elyse Carlsen now hold at RSG?

After the reported grant, Carlsen holds 1,292.9 Restricted Stock Units. This total includes RSUs held directly and a portion held under Republic Services’ Deferred Compensation Plan, all subject to the vesting and settlement conditions of the underlying equity awards.

What are PSU shares deferred to the Deferred Compensation Plan in RSG’s Form 4?

PSU shares deferred to the Deferred Compensation Plan are earned performance shares credited instead of immediate stock delivery. Carlsen received 1 additional PSU share as a dividend equivalent, bringing her deferred PSU balance to 240.0 units, all convertible 1-for-1 into Republic Services common stock when distributed.

Does Elyse Carlsen’s Form 4 for RSG indicate any stock sales or open-market purchases?

The filing shows no stock sales or open-market purchases. It only reports grant-type acquisitions of RSUs and deferred PSU shares as dividend equivalents, reflecting compensation accounting entries, not discretionary trading activity in Republic Services’ common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 08:39 PM EDT Learn about SEC filing dates

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 ARIZONA 85054

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

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)	04/15/2026		A		4.03		(2)	(2)	Common Stock	4.03	$210.87	1,292.9(3)	D
PSU Shares Deferred to DCP	(1)	04/15/2026		A		1		(4)	(4)	Common Stock	1	$210.87	240	D

Explanation of Responses:

1. Based on a 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.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)