Republic Services (NYSE: RSG) awards 919 RSUs to new director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Services, Inc. reported that director Craig Ian M. acquired 919 restricted stock units (RSUs) on 02/10/2026 as an equity award. The grant, recorded at a price reference of $223.07 per share under the company’s 2021 Stock Incentive Plan, is part of the standard compensation program for non-management directors. The RSUs immediately vest but are scheduled to convert into 919 shares of common stock on 02/28/2029, aligning the new director’s compensation with long-term shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Craig Ian M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 919 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 919 shares (Direct)
Footnotes (1)
- Each non-management director is annually granted restricted stock units ("RSUs") as of the first business day in January. The grant is based on a value on the date of grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the date of grant. The RSUs immediately vest; however, the director cannot convert any of the RSUs to Company common stock - based on a 1 on 1 conversion - until the earlier of the last day of the month in which the three-year anniversary of the date of the award occurs unless deferred by the director or the date on which the director incurs a separation from service. For a newly appointed director, the RSU grant is prorated to the number of remaining days in the calendar year. After any quarter in which dividends are distributed to shareholders, the director receives additional RSU equivalents. Reporting Person was appointed to the Company's Board of Directors on 02/10/2026. He was granted 919 RSUs as of 02/10/2026 ("Date of Grant"), based on the closing stock price of $223.07 as of the Date of Grant, and pursuant to the Company's 2021 Stock Incentive Plan. The RSUs are scheduled to convert to shares of the Company's common stock on 02/28/2029.
FAQ
What insider transaction did Republic Services (RSG) disclose in this Form 4?
Republic Services disclosed an equity award to a director. Craig Ian M. received 919 restricted stock units as of February 10, 2026, under the company’s 2021 Stock Incentive Plan, recorded using a $223.07 share price reference and intended as part of non-management director compensation.
Who is the reporting person in the Republic Services (RSG) Form 4 filing?
The reporting person is director Craig Ian M. He serves as a non-management director of Republic Services, Inc. and reported acquisition of restricted stock units as part of his board compensation, reflecting direct beneficial ownership of the granted equity award in the company.
How many restricted stock units did the Republic Services (RSG) director receive?
The director received 919 restricted stock units. These RSUs were granted on February 10, 2026, and are tied to the company’s common stock on a one-for-one basis, providing equity-based compensation aligned with Republic Services’ long-term performance and shareholder value creation.
When will the 919 RSUs convert into Republic Services (RSG) common stock?
The 919 RSUs are scheduled to convert into common stock on February 28, 2029. Until that date, they function as units linked to Republic Services’ shares, reflecting long-term incentive compensation rather than immediately tradable stock for the non-management director recipient.
How was the Republic Services (RSG) director’s RSU grant value determined?
The grant is based on a $230,000 annual value for non-management directors. The number of RSUs is calculated using the closing stock price on the grant date; for this director, 919 RSUs were based on a $223.07 closing price under the 2021 Stock Incentive Plan.
Do Republic Services (RSG) non-management directors receive RSUs every year?
Non-management directors are granted RSUs annually as of the first business day in January. For newly appointed directors, like this case, the RSU grant is prorated for the remaining days in the calendar year, and additional RSU equivalents are added after dividend-paying quarters.
What are the key terms of Republic Services (RSG) RSUs for directors?
Director RSUs immediately vest but generally cannot convert to common stock until the month-end after the three-year anniversary of the award, unless earlier separation from service or deferral applies. They convert on a one-for-one basis into Republic Services common shares upon the scheduled conversion date.