Republic Services (RSG) CAO logs RSU grant, PSU deferral and tax share disposal

Rhea-AI Filing Summary

Republic Services, Inc. Chief Accounting Officer Elyse Carlsen reported multiple equity awards. On February 19, 2026, she acquired 339 Restricted Stock Units that vest in 25% increments on each of the first four anniversaries of the grant date. She also acquired 239 performance share unit (PSU) shares deferred into the company’s Deferred Compensation Plan and received 27 shares of common stock. Separately, 27 common shares were disposed of at $221.63 per share to satisfy tax liabilities related to prior performance share settlements.

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^*

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)
02/19/2026

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	02/19/2026		A		27(1)	A	$0	779	D
Common Stock	02/19/2026		F		27(2)	D	$221.63	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	(3)	02/19/2026		A		339		(3)	(3)	Common Stock	339	$0	339	D
PSU Shares Deferred to DCP	(4)	02/19/2026		A		239		(1)	(1)	Common Stock	239	$0	239	D

Explanation of Responses:

1. 266 performance shares ("PSUs") were earned as of 02/19/2026 pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan based on Republic's closing stock price on 02/19/2026 ($221.63). The Reporting Person elected to defer 100% of the grant, less taxes, pursuant to the Republic Services, Inc. Deferred Compensation Plan (the "DCP").

2. Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the settlement of performance shares on 02/18/2025. The fair market value of the exchanged shares was $228.55 (the closing price of Republic Services, Inc.'s common stock on 02/18/2025).

3. Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2021 Stock Incentive Plan. The award will vest 25% on each of the first four anniversaries of the date of grant (which date of grant is 02/19/2026) and each RSU ultimately will be paid out in the form of one share of Republic's common stock. The number of RSUs was calculated based on Republic's closing stock price on 02/19/2026 ($221.63). This grant is subject to the Republic Services, Inc. Deferred Compensation Plan as elected by the Reporting Person.

4. Based on 1 on 1 conversion.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	02/23/2026
	** 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).
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FAQ

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

Elyse Carlsen reported equity awards and a related tax share withholding. She acquired 339 Restricted Stock Units, 239 PSU shares deferred into a Deferred Compensation Plan, and 27 common shares, while 27 common shares were withheld and disposed of to cover tax liabilities.

How many Restricted Stock Units did Elyse Carlsen receive from Republic Services (RSG)?

She received 339 Restricted Stock Units under the 2021 Stock Incentive Plan. These RSUs vest 25% on each of the first four anniversaries of the February 19, 2026 grant date and are ultimately settled in shares of Republic Services common stock.

How are Elyse Carlsen’s Republic Services (RSG) RSUs structured to vest?

Her 339 RSUs vest in four equal annual installments. Specifically, 25% of the award vests on each of the first four anniversaries of the February 19, 2026 grant date, with each vested RSU paid out as one share of Republic Services common stock.

What PSU-related shares did Elyse Carlsen defer at Republic Services (RSG)?

Footnotes state that 266 performance shares were earned as of February 19, 2026. The filing notes the reporting person elected to defer 100% of this grant, less taxes, into the Republic Services Deferred Compensation Plan, with 239 PSU-related shares shown as deferred in the transaction table.

Why were 27 Republic Services (RSG) shares disposed of in this Form 4?

The 27 common shares disposed of were used to satisfy tax liabilities from performance share settlements. The transaction is coded as a tax-withholding disposition, with a price of $221.63 per share and fair market value referenced at $228.55 on February 18, 2025.

What does the 1-on-1 conversion note mean in the Republic Services (RSG) filing?

The footnote stating “Based on 1 on 1 conversion” indicates each relevant unit converts into one share of Republic Services common stock. This applies to the described equity awards, aligning RSUs or similar units directly with individual common shares upon settlement.