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  4. [Form 4] REPUBLIC SERVICES, INC. Insider Trading Activity

Republic Services (NYSE: RSG) EVP adds PSUs, RSUs and stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bales Brian A reported acquisition or exercise transactions in this Form 4 filing.

Republic Services EVP and Chief Development Officer Brian A. Bales reported only awards of equity-based units on 2026-07-15, with no sales. He received 114 dividend-equivalent Performance Shares deferred under the Deferred Compensation Plan, bringing that balance to 39,950; 193.63 dividend-equivalent RSUs (total 67,500.11, partly deferred); and 80 stock units credited in the cash-settled Republic Services Stock Investment Fund (total 28,190 units), which tracks common stock value and receives further dividend equivalents.

Positive

  • None.

Negative

  • None.
Insider Bales Brian A
Role EVP, Chief Development Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units F1, F2, F3 193.63 $217.34 $42K
Grant/Award Stock Units F4 80 $217.34 $17K
Grant/Award Performance Shares (PSUs) F1, F5 114 $217.34 $25K
Holdings After Transaction: Restricted Stock Units — 67,500.11 shares (Direct); Stock Units — 28,190 shares (Direct); Performance Shares (PSUs) — 39,950 shares (Direct)
Footnotes (5)
  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. 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. F5. 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.
Performance Shares acquired 114 Performance Shares (PSUs) Dividend-equivalent PSUs credited on 2026-07-15
Performance Shares after transaction 39,950 Performance Shares (PSUs) Total PSUs held directly by Brian A. Bales after 2026-07-15 award
Restricted Stock Units acquired 193.63 RSUs Additional RSUs accrued as dividends on outstanding RSU awards
Restricted Stock Units after transaction 67,500.11 RSUs Total RSUs held, a portion under the Deferred Compensation Plan
Stock units acquired in Investment Fund 80 stock units Additional stock units in Republic Services Stock Investment Fund on 2026-07-15
Stock units after transaction 28,190 stock units Total stock units held in the Republic Services Stock Investment Fund
Reference value per PSU/RSU unit $217.34 per unit Transaction price per derivative unit reported for PSUs and RSUs
Performance Shares (PSUs) financial
"Security title reported as Performance Shares (PSUs) on 2026-07-15"
Restricted Stock Units financial
"Represents additional Restricted Stock Units (RSUs) accrued as dividends"
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.
Republic Services Stock Investment Fund financial
"The Reporting Person holds these stock units under the Republic Services Stock Investment Fund"
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.
measurement fund financial
"The Investment Fund is a measurement fund under which units are equal in value to shares"

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FAQ

What did Republic Services (RSG) EVP Brian A. Bales report in this Form 4?
Brian A. Bales reported on 2026-07-15, with no sales. He received 114 PSUs, 193.63 RSUs and 80 stock units as dividend-equivalent credits tied to existing awards and deferred compensation arrangements.

How many Performance Shares (PSUs) does Brian A. Bales hold after this RSG filing?
After receiving 114 dividend-equivalent PSUs deferred under the Deferred Compensation Plan, Brian A. Bales holds a total of 39,950 Performance Shares (PSUs). These units are based on a 1-to-1 conversion ratio into Republic Services common stock.

What Restricted Stock Units are reported for the Republic Services (RSG) EVP?
Brian A. Bales was credited with 193.63 additional Restricted Stock Units as dividend equivalents on outstanding RSU awards. Following this credit, he holds 67,500.11 RSUs in total, with a portion of these RSUs held under the Company’s Deferred Compensation Plan.

What are the stock units in the Republic Services Stock Investment Fund for RSG’s EVP?
The filing shows 80 additional stock units held in the Republic Services Stock Investment Fund under the Deferred Compensation Plan, bringing that balance to 28,190 units. This measurement fund’s units mirror common stock value and receive dividend equivalents in extra stock units.

Were any Republic Services (RSG) shares sold in Brian A. Bales’s latest Form 4?
No. All reported transactions are acquisitions of equity-based or deferred compensation units, with no sales or disposals. The entries reflect dividend-equivalent credits on existing PSUs and RSUs and additional stock units in the deferred compensation measurement fund.
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Chief Development Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/15/2026A193.63 (2) (2)Common Stock193.63$217.3467,500.11(3)D
Stock Units(4)07/15/2026A80 (4) (4)Common Stock80$217.3428,190D
Performance Shares (PSUs)(1)07/15/2026A114 (5) (5)Common Stock114$217.3439,950D
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-Fact07/17/2026
** Signature of Reporting PersonDate
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