Republic Services EVP granted RSU and stock unit awards

REPUBLIC SERVICES, INC. executive Catharine D. Ellingsen, EVP/Chief Legal Officer/Secretary, reported compensation-related equity awards.

Rhea-AI Filing Summary

REPUBLIC SERVICES, INC. executive Catharine D. Ellingsen, EVP/Chief Legal Officer/Secretary, reported compensation-related equity awards. She acquired 24.09 Restricted Stock Units tied to common stock at a reference value of $210.87 per share, including RSUs accrued as dividend equivalents that will vest and settle only if the underlying RSUs vest.

She also acquired 62 stock units, equal in value to common shares at $210.87 per unit, held in the company’s Deferred Compensation Plan under the Republic Services Stock Investment Fund, which is settled in cash and receives additional stock units as dividend equivalents. Following these awards, she holds 8,103.53 RSUs directly and 20,950 stock units in the plan.

Insider Trade Summary

Grant/Award: 86.09 shares

Grant/Award 2 txns

Insider Ellingsen Catharine D

Role EVP/Chief Legal Officer/Sec

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	24.09	$210.87	$5K
Grant/Award	Stock Units	62	$210.87	$13K

Holdings After Transaction: Restricted Stock Units — 8,103.53 contracts (Direct); Stock Units — 20,950 contracts (Direct)

Footnotes (4)

1. F1. Based on 1 on 1 conversion.
2. F2. 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. F3. A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.
4. F4. Ms. Ellingsen holds these stock units under the Republic Services Stock Investment Fund ("Investment Fund") pursuant to her 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.

Key Figures

RSUs granted: 24.09 units Stock units granted: 62 units Reference share price: $210.87 per share +3 more

6 metrics

RSUs granted 24.09 units Restricted Stock Units acquired on April 15, 2026

Stock units granted 62 units Stock units in Deferred Compensation Plan on April 15, 2026

Reference share price $210.87 per share Value used for both RSU and stock unit awards

RSU holdings after award 8,103.53 units Total Restricted Stock Units following transactions

Stock unit holdings after award 20,950 units Total stock units in Deferred Compensation Plan after grant

Conversion ratio 1 to 1 RSUs convert into common stock on a one-for-one basis

Key Terms

Restricted Stock Units, Deferred Compensation Plan, Stock Investment Fund, dividend equivalents

4 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.

Stock Investment Fund financial

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

dividend equivalents financial

"and 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did RSG executive Catharine Ellingsen acquire in this Form 4 filing?

Catharine Ellingsen received 24.09 Restricted Stock Units and 62 stock units as compensation-related awards. These units track Republic Services common stock value and are structured through the company’s equity and deferred compensation plans, rather than open-market purchases or sales.

Are the RSG Restricted Stock Units granted to Ellingsen settled in stock or cash?

The Restricted Stock Units convert on a one-for-one basis into common stock upon vesting. Additional RSUs were accrued as dividend equivalents and will vest and settle only to the extent the underlying RSU awards themselves vest and settle in shares.

How do the RSG stock units in the Deferred Compensation Plan work for Ellingsen?

Ellingsen holds stock units under the Republic Services Stock Investment Fund within the Deferred Compensation Plan. These units mirror the value of common stock, are settled in cash, and receive dividend equivalents in the form of additional stock units whenever dividends are paid.

How many RSG Restricted Stock Units does Ellingsen hold after these transactions?

After these awards, Ellingsen holds 8,103.53 Restricted Stock Units directly. This figure includes previously granted RSUs plus the new dividend-equivalent RSUs that accrued, all subject to vesting and settlement terms under Republic Services’ compensation arrangements.

What is Ellingsen’s total RSG stock unit balance in the Deferred Compensation Plan?

Following the latest grant of 62 stock units, Ellingsen’s balance in the Deferred Compensation Plan’s Stock Investment Fund is 20,950 stock units. These units are a cash-settled measurement tied to Republic Services’ common stock performance and dividend payments.

Were these RSG transactions open-market buys or sells by Catharine Ellingsen?

No, the filing classifies both entries with code A as grant/award acquisitions. They represent equity and stock unit awards under company plans, not open-market purchases or sales, and therefore reflect compensation structure rather than discretionary trading activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/17/2026 - 08:30 PM EDT Learn about SEC filing dates

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^*

Ellingsen Catharine D

(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 Legal Officer/Sec

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)
			Code	V	Amount	(A) or (D)	Price

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	(1)	04/15/2026		A		24.09		(2)	(2)	Common Stock	24.09	$210.87	8,103.53(3)	D
Stock Units	(4)	04/15/2026		A		62		(4)	(4)	Common Stock	62	$210.87	20,950	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. Ms. Ellingsen holds these stock units under the Republic Services Stock Investment Fund ("Investment Fund") pursuant to her 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.

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)