Republic Services (NYSE: RSG) CAO settles RSUs with share withholding

Rhea-AI Filing Summary

Republic Services, Inc. Chief Accounting Officer Elyse Carlsen reported routine equity award activity. On February 18, 2026, 8.85 Restricted Stock Units were converted into 8.85 shares of common stock at no cost as part of a prior RSU grant that vested 25% on that date. To cover associated tax liabilities, 8.85 shares of common stock were withheld by the company at a fair market value of $216.84 per share, based on the closing price that day. After these transactions, Carlsen directly owned 752.0000 common shares and 345.8700 Restricted Stock Units, with an additional 87.93 RSUs (including dividend equivalents) remaining deferred under the company’s Deferred Compensation Plan.

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

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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^*

Carlsen Elyse

(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)
	CAO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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
Common Stock	02/18/2026		M		8.85(1)	A	$0	760.85	D
Common Stock	02/18/2026		F		8.85(1)	D	$216.84	752	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	02/18/2026		M			8.85	(1)	(1)	Common Stock	8.85	$0	345.87	D

Explanation of Responses:

1. The Reporting Person previously elected to defer the Restricted Stock Units ("RSUs") granted on 02/18/2025 in accordance with the Company's Deferred Compensation Plan (the "Plan"). On 02/18/2026, 25% of the grant vested and 87.93 RSUs (including accrued dividend equivalents) remain deferred. As permitted under the Plan, the Company withheld 8.85 shares of Republic Services, Inc. common stock to satisfy tax liability of the Reporting Person. The fair market value of the exchanged shares was $216.84 (the closing price of Republic Services, Inc.'s common stock on 02/18/2026).

2. 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	02/20/2026
	** 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.
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FAQ

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

Elyse Carlsen reported RSU vesting and related share movements. 8.85 Restricted Stock Units converted into 8.85 common shares, and 8.85 common shares were withheld to satisfy taxes, all occurring on February 18, 2026 under a previously granted RSU award.

How many Republic Services (RSG) shares does the CAO own after these transactions?

After the reported transactions, Elyse Carlsen directly owned 752.0000 shares of Republic Services common stock and 345.8700 Restricted Stock Units. An additional 87.93 RSUs, including accrued dividend equivalents, remain deferred under the company’s Deferred Compensation Plan rather than being delivered as shares.

What was the purpose of the F-code transaction in this Republic Services (RSG) Form 4?

The F-code transaction reflects a tax-withholding disposition. The company withheld 8.85 shares of Republic Services common stock from Elyse Carlsen to satisfy her tax liability tied to RSU vesting, instead of her paying the taxes in cash directly.

What price was used to value the Republic Services (RSG) shares withheld for taxes?

The withheld shares were valued at a fair market price of $216.84 per share, which was the closing price of Republic Services common stock on February 18, 2026. This price determined the value of shares applied toward the CAO’s tax obligation.

What RSU grant is involved in this Republic Services (RSG) insider filing?

The transactions relate to Restricted Stock Units granted on February 18, 2025, which Elyse Carlsen had elected to defer under the company’s Deferred Compensation Plan. On February 18, 2026, 25% of that grant vested, triggering the share delivery and tax withholding.

How many Republic Services (RSG) RSUs remain deferred for the CAO after vesting?

Following the vesting event, 87.93 Restricted Stock Units, including accrued dividend equivalents, remain deferred for Elyse Carlsen under the Deferred Compensation Plan. These RSUs continue as a deferred equity interest rather than immediately converting into Republic Services common stock.