What Performance Share Units (PSUs) were granted to Brian A. Bales at Republic Services (RSG)?

The filing shows 118 Performance Share Units for Bales, with dividend equivalents credited as additional units. These PSUs were earned under the Republic Services, Inc. 2021 Stock Incentive Plan and then deferred under the company’s Deferred Compensation Plan rather than immediately settled in stock.

Republic Services (RSG) EVP receives new RSU and PSU awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. executive Brian A. Bales, EVP and Chief Development Officer, reported awards of equity-based compensation. He received 198.82 Restricted Stock Units, 83 stock units, and 118 Performance Share Units, each based on a 1-for-1 conversion into common stock or cash equivalents at $210.87 per unit.

Some RSUs and PSUs are deferred under the Company’s Deferred Compensation Plan and the Republic Services Stock Investment Fund, where units track the value of common stock and earn dividend equivalents as additional units. Following these awards, Bales directly holds 67,306.48 RSUs, 28,110 stock units, and 39,836 PSUs.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Bales Brian A

Role EVP, Chief Development Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	198.82	$210.87	$42K
Grant/Award	Stock Units	83	$210.87	$18K
Grant/Award	Performance Shares (PSUs)	118	$210.87	$25K

Holdings After Transaction: Restricted Stock Units — 67,306.48 shares (Direct); Stock Units — 28,110 shares (Direct); Performance Shares (PSUs) — 39,836 shares (Direct)

Footnotes (1)

Based on 1 on 1 conversion. Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards that will vest and be settled to the extent the RSU is vested and settles. A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan. The Reporting Person holds these stock units under the Republic Services Stock Investment Fund ("Investment Fund") pursuant to his election under the Company's Deferred Compensation Plan. The Investment Fund is a measurement fund under which units are equal in value to shares of the Company's common stock and are settled in cash and receive dividend equivalents, in the form of additional stock units, each time a dividend is paid on the Company's common stock. Reflects dividend equivalents received on earned Performance Shares ("PSUs") in accordance with the Republic Services, Inc. 2021 Stock Incentive Plan and such PSUs were deferred under the Company's Deferred Compensation Plan.

Key Figures

Restricted Stock Units granted: 198.82 units Stock units granted: 83 units Performance Share Units granted: 118 units +4 more

7 metrics

Restricted Stock Units granted 198.82 units Grant on 2026-04-15 at $210.87 per unit

Stock units granted 83 units Grant on 2026-04-15 at $210.87 per unit

Performance Share Units granted 118 units Grant on 2026-04-15 at $210.87 per unit

RSUs held after transaction 67,306.48 units Restricted Stock Units following 2026-04-15 awards

Stock units held after transaction 28,110 units Stock Investment Fund units following 2026-04-15 awards

PSUs held after transaction 39,836 units Performance Shares following 2026-04-15 awards

Reference unit price $210.87 per unit Price field for all unit grants on 2026-04-15

Key Terms

Restricted Stock Units, Deferred Compensation Plan, Performance Shares (PSUs), dividend equivalents, +1 more

5 terms

Restricted Stock Units financial

"Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Deferred Compensation Plan financial

"A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

Performance Shares (PSUs) financial

"Reflects dividend equivalents received on earned Performance Shares ("PSUs") in accordance with the Republic Services, Inc. 2021 Stock Incentive Plan"

dividend equivalents financial

"receive dividend equivalents, in the form of additional stock units, each time a dividend is paid"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Stock Investment Fund financial

"holds these stock units under the Republic Services Stock Investment Fund ("Investment Fund")"

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 08:21 PM

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

ARIZONA

85054

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	04/15/2026		A		198.82		⁽²⁾	⁽²⁾	Common Stock	198.82	$210.87	67,306.48⁽³⁾	D
Stock Units	⁽⁴⁾	04/15/2026		A		83		⁽⁴⁾	⁽⁴⁾	Common Stock	83	$210.87	28,110	D
Performance Shares (PSUs)	⁽¹⁾	04/15/2026		A		118		⁽⁵⁾	⁽⁵⁾	Common Stock	118	$210.87	39,836	D

Explanation of Responses:

1. Based on 1 on 1 conversion.

2. Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards that will vest and be settled to the extent the RSU is vested and settles.

3. A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.

4. The Reporting Person holds these stock units under the Republic Services Stock Investment Fund ("Investment Fund") pursuant to his election under the Company's Deferred Compensation Plan. The Investment Fund is a measurement fund under which units are equal in value to shares of the Company's common stock and are settled in cash and receive dividend equivalents, in the form of additional stock units, each time a dividend is paid on the Company's common stock.

5. Reflects dividend equivalents received on earned Performance Shares ("PSUs") in accordance with the Republic Services, Inc. 2021 Stock Incentive Plan and such PSUs were deferred under the Company's Deferred Compensation Plan.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Republic Services (RSG) report for Brian A. Bales?

Republic Services reported that EVP Brian A. Bales received equity-based awards, including Restricted Stock Units, stock units, and Performance Share Units. These units track the value of Republic Services common stock and are part of his compensation, rather than open-market share purchases or sales.

How many Restricted Stock Units did Brian A. Bales receive at Republic Services (RSG)?

Brian A. Bales was granted 198.82 Restricted Stock Units, based on a one-for-one conversion into Republic Services common stock. These RSUs include additional units accrued as dividend equivalents and may be deferred under the company’s Deferred Compensation Plan before settlement.

What are the stock units reported for Brian A. Bales at Republic Services (RSG)?

Bales received 83 stock units linked to the Republic Services Stock Investment Fund under the Deferred Compensation Plan. These measurement units mirror the value of Republic Services common stock and are settled in cash, while also earning dividend equivalents as additional stock units over time.

How many equity units does Brian A. Bales hold after these grants at Republic Services (RSG)?

After the reported grants, Bales holds 67,306.48 Restricted Stock Units, 28,110 stock units, and 39,836 Performance Share Units. These holdings represent deferred and stock-linked compensation that may convert to common stock or be settled in cash, depending on the specific plan terms.

Do Brian A. Bales’s Republic Services (RSG) units earn dividend equivalents?

Yes. The RSUs, stock units, and Performance Share Units accrue dividend equivalents as additional units whenever Republic Services pays dividends on its common stock. These additional units increase his deferred balances and are subject to the same vesting and settlement rules as the underlying awards.