Form 4: Ellingsen Catharine D reports multiple insider transactions in RSG
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ellingsen Catharine D reported multiple insider transaction types in a Form 4 filing for RSG. The filing lists transactions totaling 3,128 shares at a weighted average price of $225.97 per share. Following the reported transactions, holdings were 47,560 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,282 shares exercised/converted
Mixed
3 txns
Insider
Ellingsen Catharine D
Role
EVP/Chief Legal Officer/Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,282 | $0.00 | -- |
| Exercise | Common Stock | 1,282 | $0.00 | -- |
| Tax Withholding | Common Stock | 564 | $225.97 | $127K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 47,560 shares (Direct)
Footnotes (1)
- The Restricted Stock Units ("RSUs") granted on 02/11/2022 vest 25% on each of the first four anniversaries of the date of grant. 1,282 RSUs, that included accrued dividend equivalents, automatically vested on 02/11/2026 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 02/11/2026. The fair market value of the exchanged shares was $225.97 (the closing stock 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.
FAQ
What insider transaction did Republic Services (RSG) report for Catharine D. Ellingsen?
Republic Services reported that EVP and Chief Legal Officer Catharine D. Ellingsen had 1,282 Restricted Stock Units vest and convert into common shares. The award, originally granted on 02/11/2022, vested on its fourth anniversary and was settled in company stock at no exercise cost.
What do the vested Restricted Stock Units mean for Republic Services (RSG) executive compensation?
The vesting of 1,282 RSUs shows part of Ellingsen’s long-term incentive compensation converting into actual Republic Services shares. Each unit represented a contingent right to one share, vesting 25% annually over four years from 02/11/2022, aligning pay with long-term shareholder value.
Was the Republic Services (RSG) insider transaction an open-market stock sale?
No, the Form 4 indicates the disposition of 564 shares was for tax withholding, not an open-market sale. Code “F” shows shares were delivered to cover taxes due on an RSU vesting, a common administrative step in equity compensation, rather than a discretionary share sale.