Republic Services (NYSE: RSG) EVP nets no new shares in RSU vesting

Rhea-AI Filing Summary

Republic Services EVP and Chief Development Officer Brian A. Bales reported an RSU vesting and related tax withholding, not an open-market trade. On 02/11/2026, he exercised 57 Restricted Stock Units, converting them into 57 shares of common stock at an exercise price of $0 per share.

Under the company’s Deferred Compensation Plan, the company then withheld 57 shares of Republic Services common stock to cover his tax liability at a fair market value of $225.97 per share, leaving 0 common shares directly owned from this event. Following the derivative transaction, he held 3,290 Restricted Stock Units, and the footnotes state that 820 RSUs from the 02/11/2022 grant (including dividend equivalents) remain deferred.

Insider Trade Summary

57 shares exercised/converted

Mixed 3 txns

Insider Bales Brian A

Role EVP, Chief Development Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	57	$0.00	--
Exercise	Common Stock	57	$0.00	--
Tax Withholding	Common Stock	57	$225.97	$13K

Holdings After Transaction: Restricted Stock Units — 3,290 shares (Direct); Common Stock — 57 shares (Direct)

Footnotes (1)

1. The Reporting Person previously elected to defer the Restricted Stock Units ("RSUs") granted on 02/11/2022 in accordance with the Company's Deferred Compensation Plan (the "Plan"). On 02/11/2026, 25% of the grant vested and 820 RSUs (including accrued dividend equivalents) remain deferred. As permitted under the Plan, the Company withheld 57 shares of Republic Services, Inc. common stock to satisfy tax liability of the Reporting Person. The fair market value of the exchanged shares was $225.97 (the closing price of Republic Services, Inc.'s common stock on 02/11/2026). Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Bales Brian A

(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)
	EVP, Chief Development Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		M		57(1)	A	$0	57	D
Common Stock	02/11/2026		F		57(1)	D	$225.97	0	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)	02/11/2026		M			57	(1)	(1)	Common Stock	57	$0	3,290	D

Explanation of Responses:

1. The Reporting Person previously elected to defer the Restricted Stock Units ("RSUs") granted on 02/11/2022 in accordance with the Company's Deferred Compensation Plan (the "Plan"). On 02/11/2026, 25% of the grant vested and 820 RSUs (including accrued dividend equivalents) remain deferred. As permitted under the Plan, the Company withheld 57 shares of Republic Services, Inc. common stock to satisfy tax liability of the Reporting Person. The fair market value of the exchanged shares was $225.97 (the closing price of Republic Services, Inc.'s common stock on 02/11/2026).

2. 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	02/13/2026
	** 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).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Republic Services (RSG) EVP Brian Bales report?

Brian A. Bales reported the vesting and settlement of 57 Restricted Stock Units on 02/11/2026. Those RSUs converted into 57 shares of Republic Services common stock, which were immediately withheld by the company to satisfy his tax liability under its Deferred Compensation Plan.

How many Republic Services shares were involved in Brian Bales’ February 2026 Form 4?

The filing shows 57 Restricted Stock Units converted into 57 shares of common stock, all on 02/11/2026. The company then withheld the same 57 shares to pay tax obligations, so Bales did not retain additional directly owned common stock from this RSU vesting event.

Was Brian Bales’ Republic Services (RSG) Form 4 transaction an open-market sale?

No, the Form 4 describes an RSU vesting and tax withholding, not an open-market sale. Code M reflects derivative conversion of RSUs into common stock, and Code F shows shares withheld by the company to cover tax liabilities at a closing price of $225.97 per share.

What RSU holdings does Brian Bales report after the February 2026 transaction?

After the transaction, Bales reports beneficial ownership of 3,290 Restricted Stock Units. A footnote further explains that 820 RSUs from the 02/11/2022 grant, including accrued dividend equivalents, remain deferred under the company’s Deferred Compensation Plan and were not settled in this event.

At what price were Republic Services shares valued for Brian Bales’ tax withholding?

The company valued the withheld shares at $225.97, the closing price of Republic Services common stock on 02/11/2026. A total of 57 shares were retained by the company to satisfy his tax liability arising from the vesting and conversion of Restricted Stock Units.

What is Brian Bales’ role at Republic Services (RSG) as noted in the Form 4?

The Form 4 identifies Brian A. Bales as an officer of Republic Services, serving as Executive Vice President and Chief Development Officer. His reported transactions relate to equity compensation, specifically Restricted Stock Units granted under the company’s compensation and deferral programs.