Republic Services CEO Adds Shares via RSU Vesting; Minimal Tax Withholding

Rhea-AI Filing Summary

Republic Services, Inc. (RSG) – Form 4 insider transaction: CEO & President Jon Vander Ark reported routine equity-based transactions dated 06/25/2025.

• 970 common shares acquired at $0 following the vesting of a 06/25/2021 Restricted Stock Unit (RSU) grant; dividend equivalents were included in the total.
• 406 shares withheld (Code F) at $243.88 per share to cover statutory tax on the vesting event.
• Post-transaction direct beneficial ownership stands at 103,626 shares (down from 104,032 pre-withholding).
• The derivative position (RSUs) involved in this filing is now fully settled, leaving zero RSUs from the 2021 grant outstanding.

No open-market purchases or sales occurred; all share movements are related to equity award vesting and tax settlement. The filing does not disclose any additional derivative grants, changes in compensation structure, or material company-level information.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; minor share withholding; no market signal, neutral for valuation.

The Form 4 shows a standard fourth-anniversary vesting of 970 RSUs granted in 2021. The CEO retained the underlying shares, boosting direct holdings to more than 103 k, which maintains meaningful insider alignment. The 406-share disposition was an automatic, non-discretionary tax-withholding maneuver at the closing price of $243.88 and should not be interpreted as a bearish sale. With no additional derivative grants or open-market transactions, the event carries limited informational value and is unlikely to influence RSG’s share price or investor sentiment.

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^*

Vander Ark Jon

(Last) (First) (Middle)

18500 N. ALLIED WAY

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

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	06/25/2025		M		970(1)	A	$0	104,032	D
Common Stock	06/25/2025		F		406(2)	D	$243.88	103,626	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)	06/25/2025		M			970	(1)	(1)	Common Stock	970	$0	0	D

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") granted on 06/25/2021 vest 25% on each of the first four anniversaries of the date of grant. 970 RSUs, that included accrued dividend equivalents, automatically vested on 06/25/2025 and were paid out in the form of Republic Services, Inc.'s common stock.

2. Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the vesting of shares under a Restricted Stock Unit award on 06/25/2025. The fair market value of the exchanged shares was $243.88 per share (the closing price of Republic Services, Inc.'s common stock on 06/25/2025).

3. 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	06/27/2025
	** 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

How many Republic Services (RSG) shares did CEO Jon Vander Ark acquire on 06/25/2025?

He acquired 970 common shares through the vesting of previously granted RSUs.

Why were 406 RSG shares disposed of in the Form 4 filing?

The 406 shares were automatically withheld at $243.88 to satisfy tax obligations arising from the RSU vesting.

What is the CEO’s total direct share ownership after the reported transactions?

After the transactions, Jon Vander Ark directly owns 103,626 RSG shares.

Did the Form 4 include any open-market sales or purchases?

No. All reported transactions relate to equity award vesting and tax withholding; there were no discretionary market trades.

Are any RSUs from the 2021 grant still outstanding?

No. The 0706/25/2025 vesting settled the final 25% of the 2021 RSU grant, leaving none outstanding.