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.
Positive
- None.
Negative
- None.
Insights
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 970 | $0.00 | -- |
| Exercise | Common Stock | 970 | $0.00 | -- |
| Tax Withholding | Common Stock | 406 | $243.88 | $99K |
Footnotes (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. 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). Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.