Republic Services (NYSE: RSG) EVP awarded RSUs and defers PSU shares

Rhea-AI Filing Summary

Republic Services EVP and Chief Development Officer Brian A. Bales reported equity compensation awards and related tax withholding transactions. On 02/19/2026, he received 1,354 restricted stock units, which vest 25% on each of the first four anniversaries of the grant date.

The filing notes that 3,188 performance share units were earned under the 2021 Stock Incentive Plan based on a closing stock price of $221.63, with 3,089 PSU shares deferred into the Deferred Compensation Plan and 99 shares of common stock used to satisfy related tax liabilities at the same price.

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)
02/19/2026

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	02/19/2026		A		99(1)	A	$0	99	D
Common Stock	02/19/2026		F		99(2)	D	$221.63	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	(3)	02/19/2026		A		1,354		(3)	(3)	Common Stock	1,354	$0	1,354	D
PSU Shares Deferred to DCP	(4)	02/19/2026		A		3,089		(1)	(1)	Common Stock	3,089	$0	3,089	D

Explanation of Responses:

1. 3,188 performance shares ("PSUs") were earned as of 02/19/2026 pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan based on Republic's closing stock price on 02/19/2026 ($221.63). The Reporting Person elected to defer 100% of the grant, less taxes, pursuant to the Republic Services, Inc. Deferred Compensation Plan (the "DCP").

2. Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the settlement of performance shares on 02/19/2026. The fair market value of the exchanged shares was $221.63 (the closing price of Republic Services, Inc.'s common stock on 02/19/2026).

3. Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2021 Stock Incentive Plan. The award will vest 25% on each of the first four anniversaries of the date of grant (which date of grant is 02/19/2026) and each RSU ultimately will be paid out in the form of one share of Republic's common stock. The number of RSUs was calculated based on Republic's closing stock price on 02/19/2026 ($221.63).

4. Based on 1 on 1 conversion.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	02/23/2026
	** 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 did Republic Services (RSG) executive Brian Bales report in this Form 4?

Brian Bales reported equity awards and related tax withholding transactions. He received restricted stock units and earned performance share units, then deferred most of the PSU shares and delivered some common stock to cover associated tax liabilities.

How many restricted stock units did Brian Bales receive from Republic Services (RSG)?

Brian Bales received 1,354 restricted stock units. These RSUs were granted under Republic Services, Inc.'s 2021 Stock Incentive Plan and were calculated using a closing stock price of $221.63 on 02/19/2026, with future vesting in four equal annual installments.

What performance share units were earned by the Republic Services (RSG) executive?

He earned 3,188 performance share units as of 02/19/2026. The amount was determined under the 2021 Stock Incentive Plan using Republic Services’ closing stock price of $221.63 on that date, reflecting achieved performance conditions.

How many Republic Services (RSG) PSU shares were deferred into the Deferred Compensation Plan?

3,089 PSU shares were deferred into the Deferred Compensation Plan. The reporting person elected to defer 100% of the grant, less taxes, so most of the earned performance share units were credited into the company’s deferred compensation program.

Why were 99 shares of Republic Services (RSG) common stock disposed of in this filing?

99 shares of common stock were disposed of to satisfy tax liabilities. The shares were exchanged at a fair market value of $221.63, corresponding to Republic Services’ closing stock price on 02/19/2026, in connection with the settlement of performance shares.

How do the RSUs granted to the Republic Services (RSG) executive vest over time?

The restricted stock units vest in four equal annual installments. Specifically, 25% of the 1,354 RSUs vest on each of the first four anniversaries of the grant date, and each vested RSU is ultimately settled in one share of common stock.