Republic Services (RSG) CAO settles RSUs, withholds 46 shares for taxes

Rhea-AI Filing Summary

Republic Services, Inc. CAO Elyse Carlsen reported the vesting and settlement of restricted stock units. On 02/17/2026, 145 Restricted Stock Units that included accrued dividend equivalents vested from a 02/17/2023 grant and were paid out in an equal number of shares of common stock.

To cover the related tax liability, 46 shares of common stock were delivered back to the company at a fair market value of $221.19 per share. After these transactions, Carlsen directly holds 752 shares of common stock and 151 Restricted Stock Units.

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

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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^*

Carlsen Elyse

(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)
	CAO

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		M		145(1)	A	$0	798	D
Common Stock	02/17/2026		F		46(2)	D	$221.19	752	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)	02/17/2026		M			145	(1)	(1)	Common Stock	145	$0	151	D

Explanation of Responses:

1. The Restricted Stock Units ("RSUs") granted on 02/17/2023 vest 25% on each of the first four anniversaries of the date of grant. 145 RSUs, that included accrued dividend equivalents, automatically vested on 02/17/2026 and were paid out in the form of Republic Services, Inc.'s common stock.

2. 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 02/17/2026. The fair market value of the exchanged shares was $221.19 (the closing stock price of Republic Services, Inc.'s common stock on 02/17/2026).

3. 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	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did RSG CAO Elyse Carlsen report in this Form 4 filing?

Elyse Carlsen reported vesting of Restricted Stock Units that converted into Republic Services common stock. A portion of the resulting shares was then used to satisfy tax withholding obligations tied to that vesting event, with the remainder increasing her directly held common stock position.

How many Republic Services (RSG) RSUs vested for Elyse Carlsen?

A total of 145 Restricted Stock Units vested for Elyse Carlsen on 02/17/2026. These RSUs, including accrued dividend equivalents, were settled in an equal number of Republic Services common shares, consistent with the award’s terms that each RSU represents one share of common stock.

Why were some Republic Services (RSG) shares disposed of in this Form 4?

The 46 shares of Republic Services common stock were delivered solely to satisfy Elyse Carlsen’s tax liability from the RSU vesting. The shares were valued at $221.19 each, which was the company’s closing stock price on 02/17/2026, according to the filing footnote.

What is the vesting schedule of Elyse Carlsen’s 2023 RSU grant at RSG?

The RSUs granted to Elyse Carlsen on 02/17/2023 vest in four equal installments. Twenty‑five percent of the award vests on each of the first four anniversaries of the grant date, creating annual vesting events that can result in additional Republic Services common stock distributions.

How many Republic Services (RSG) shares does Elyse Carlsen hold after these transactions?

After the reported transactions, Elyse Carlsen directly holds 752 shares of Republic Services common stock. She also continues to hold 151 Restricted Stock Units, each representing the contingent right to receive one additional share of Republic Services common stock upon future vesting.

How does Republic Services (RSG) determine the value of shares used for tax withholding?

For this transaction, Republic Services valued the 46 withheld shares at $221.19 each. That amount reflects the closing price of Republic Services common stock on 02/17/2026, and this fair market value was used to satisfy the tax liability from the RSU vesting.