Republic Services (RSG) director receives added RSUs from dividend accruals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weymouth Katharine reported acquisition or exercise transactions in this Form 4 filing.
REPUBLIC SERVICES, INC. director Katharine Weymouth received an award of 10.71 Restricted Stock Units (RSUs) tied to the company’s common stock. These RSUs were accrued as dividends on her existing RSU awards and will vest and settle only to the extent the related RSUs vest and settle.
Following this grant, she holds a total of 3,704.18 RSUs directly, with a portion held under the company’s Deferred Compensation Plan. The Form 4 characterizes this as a grant or award, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weymouth Katharine
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 10.71 | $210.87 | $2K |
Holdings After Transaction:
Restricted Stock Units — 3,704.18 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.
Key Figures
RSUs granted: 10.71 RSUs
Grant reference price: $210.87 per share
Total RSUs after transaction: 3,704.18 RSUs
3 metrics
RSUs granted
10.71 RSUs
Grant/award acquisition on additional RSUs accrued as dividends
Grant reference price
$210.87 per share
Price per share associated with the 10.71 RSUs
Total RSUs after transaction
3,704.18 RSUs
Director’s RSU holdings following the grant
Key Terms
Restricted Stock Units, Deferred Compensation Plan, dividends on outstanding RSU awards
3 terms
Restricted Stock Units financial
"10.71 Restricted Stock Units (RSUs) tied to the company’s common stock."
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.
dividends on outstanding RSU awards financial
"Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"
FAQ
What insider transaction did RSG director Katharine Weymouth report?
Katharine Weymouth reported receiving 10.71 Restricted Stock Units in Republic Services. These RSUs were granted as additional units accrued on existing RSU awards, reflecting dividend equivalents rather than an open-market trade, and are classified as a grant or award acquisition.
How many Restricted Stock Units does Katharine Weymouth hold after this RSG transaction?
After the reported grant, Katharine Weymouth holds 3,704.18 Restricted Stock Units in Republic Services. This total includes the 10.71 RSUs accrued as dividend equivalents and a portion that is held under the company’s Deferred Compensation Plan, according to the Form 4 filing.
Were the RSG Restricted Stock Units an open-market purchase or sale?
The Restricted Stock Units were not an open-market purchase or sale. The Form 4 classifies the transaction under code A as a grant, award, or other acquisition, representing RSUs accrued as dividends on outstanding RSU awards rather than a discretionary market trade.
What does it mean that RSG RSUs accrued as dividends on outstanding awards?
The filing states the RSUs represent additional units accrued as dividends on outstanding RSU awards. This means when Republic Services pays dividends, equivalent RSUs are credited, which will only vest and settle if the related underlying RSU awards vest and ultimately settle.
How are some of Katharine Weymouth’s RSG RSUs held?
A portion of Katharine Weymouth’s Restricted Stock Units is held under Republic Services’ Deferred Compensation Plan. This plan allows deferral of compensation, including equity-based awards, so some RSUs are administered within that framework rather than as immediately deliverable common shares.