Republic Services (NYSE: RSG) SVP awarded dividend stock units

Rhea-AI Filing Summary

Republic Services SVP Operations Richardson Larson reported routine equity-based awards tied to dividends on existing grants. On January 15, 2026, he acquired 18.21 Restricted Stock Units at $210.79 per unit, bringing his directly held RSUs to 6,561.88. He also acquired 6 Performance Shares (PSUs) at $210.79, for a total of 1,875 PSUs, and 1 stock unit at $210.79, increasing those holdings to 554 units.

The RSUs and PSUs reflect dividend equivalents credited on outstanding awards under the Republic Services, Inc. 2021 Stock Incentive Plan, with some deferred into the Company’s Deferred Compensation Plan. The additional stock units are held in the Republic Services Stock Investment Fund, a cash-settled measurement fund tied to the value of the company’s common stock and receiving further stock units when dividends are paid.

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)

C/O REPUBLIC SERVICES, INC.

5353 E. CITY NORTH DRIVE

(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)
01/15/2026

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)
			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)	01/15/2026		A		18.21		(2)	(2)	Common Stock	18.21	$210.79	6,561.88(3)(4)	D
Performance Shares (PSUs)	(1)	01/15/2026		A		6		(5)	(5)	Common Stock	6	$210.79	1,875	D
Stock Units	(6)	01/15/2026		A		1		(6)	(6)	Common Stock	1	$210.79	554	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. Total reflects 1.67 additional RSUs due to recalculation of prior rounding.

5. 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.

6. 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	01/20/2026
	** 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.

FAQ

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

The filing shows SVP Operations Richardson Larson acquired additional RSUs, PSUs and stock units on January 15, 2026, all tied to existing equity awards and deferred compensation.

How many Restricted Stock Units does the Republic Services SVP now hold?

After acquiring 18.21 RSUs at $210.79, his directly held Restricted Stock Units total 6,561.88.

What Performance Share (PSU) awards were reported for Richardson Larson at RSG?

He acquired 6 Performance Shares (PSUs) at $210.79 as dividend equivalents, bringing his PSU holdings to 1,875, with amounts deferred under the Company’s Deferred Compensation Plan.

What are the stock units reported in the Republic Services Form 4?

The Form 4 shows acquisition of 1 stock unit at $210.79, increasing holdings to 554 units in the Republic Services Stock Investment Fund, a cash-settled measurement fund linked to common stock value and dividend equivalents.

Are these Republic Services equity awards settled in stock or cash?

The filing explains that RSUs and PSUs are equity awards that vest and settle with the underlying stock, while units in the Stock Investment Fund are settled in cash based on the value of the company’s common stock and credited dividend equivalents.

Do these Form 4 transactions involve open-market buying or selling of RSG shares?

No. The transactions reflect accrual of dividend equivalents and deferrals under the Deferred Compensation Plan, not open-market purchases or sales of Republic Services common stock.