Republic Services (NYSE: RSG) director converts 1,858 RSUs into common shares

Rhea-AI Filing Summary

Republic Services director Michael Larson settled a prior equity award into common stock. On 01/31/2026, 1,858 Restricted Stock Units, including dividend equivalents from a 01/03/2023 grant, were converted on a 1-for-1 basis into Republic Services common shares at a price of $0 per share.

These RSUs were originally granted under the company’s 2021 Stock Incentive Plan and had vested on the grant date with settlement deferred under specific timing rules. After this conversion, Larson directly owned 58,427 shares of Republic Services common stock, and no RSUs from this award remained outstanding.

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^*

LARSON MICHAEL

(Last) (First) (Middle)

2365 CARILLON POINT

(Street)

KIRKLAND WA 98033

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026

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	01/31/2026		M		1,858(1)	A	$0	58,427	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)	01/31/2026		M			1,858	(1)	(1)	Common Stock	1,858	$0	0	D

Explanation of Responses:

1. On 01/03/2023 ("Date of Grant"), the non-management Director was granted an award of 1,788 Restricted Stock Units ("RSUs") in accordance with the Company's 2021 Stock Incentive Plan, as amended. The RSUs were immediately vested on the Date of Grant; however, the Director could not 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 or the date on which the Director incurs a separation from service within the meaning of Section 409A of the Internal Revenue Code. The settlement of 1,858 RSUs, that included dividend equivalents, to Company common stock was effective on 01/31/2026.

2. Based on 1 on 1 conversion.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Republic Services (RSG) report for Michael Larson?

Republic Services reported that director Michael Larson converted 1,858 Restricted Stock Units into common stock on 01/31/2026 at a price of $0 per share. The units stemmed from a 01/03/2023 grant under the 2021 Stock Incentive Plan and included dividend equivalents.

How many Republic Services (RSG) shares does Michael Larson own after this RSU settlement?

After the RSU settlement, Michael Larson directly owned 58,427 shares of Republic Services common stock. This reflects the addition of 1,858 shares received from converting previously granted Restricted Stock Units on a 1-for-1 basis on 01/31/2026 under the company’s 2021 Stock Incentive Plan.

What was the origin of the 1,858 RSUs converted by Republic Services (RSG) director Michael Larson?

The 1,858 RSUs converted on 01/31/2026 came from a 01/03/2023 grant of 1,788 Restricted Stock Units to non-management director Michael Larson. The increase to 1,858 units reflects included dividend equivalents, and all were granted under Republic Services’ 2021 Stock Incentive Plan.

At what price were Michael Larson’s Republic Services (RSG) RSUs converted into common stock?

Michael Larson’s 1,858 Restricted Stock Units were converted into Republic Services common stock at a price of $0 per share on 01/31/2026. This reflects a standard equity compensation settlement rather than an open-market purchase, with a 1-for-1 share conversion ratio.

What were the vesting and settlement terms of Michael Larson’s Republic Services (RSG) RSUs?

The RSUs granted on 01/03/2023 to Michael Larson were immediately vested on the grant date, but settlement into common stock was deferred. Conversion could occur at the earlier of a three-year anniversary-based date or a qualifying separation from service, leading to settlement on 01/31/2026.

Did Michael Larson retain any Restricted Stock Units in Republic Services (RSG) after this transaction?

Following the 01/31/2026 transaction, Michael Larson held zero Restricted Stock Units from the reported award. All 1,858 units, including dividend equivalents from the 2023 grant, were converted into Republic Services common shares, leaving no derivative securities from that grant outstanding.