RSG officer logs RSU dividend equivalents and 58 DCP units

Rhea-AI Filing Summary

Republic Services (RSG) insider activity: On 10/15/2025, EVP/Chief Legal Officer Ms. Ellingsen reported acquisitions of derivative securities. The filing shows 29.72 Restricted Stock Units (RSUs) accrued as dividend equivalents on outstanding RSU awards and 58 stock units credited under the Company’s Deferred Compensation Plan Investment Fund.

The RSU accruals will vest and settle to the extent the related RSUs vest and settle, based on a 1-for-1 conversion into common stock. The Investment Fund stock units are a measurement vehicle equal in value to the Company’s common stock, are settled in cash, and receive dividend equivalents as additional units.

Following these transactions, the insider reported 10,365.66 RSUs and 20,826 stock units, both shown as direct ownership. The filing lists a reference price of $221.03 for the underlying common stock.

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)

18500 N. ALLIED WAY

(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 Legal Officer/Sec

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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

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)	10/15/2025		A		29.72		(2)	(2)	Common Stock	29.72	$221.03	10,365.66(3)	D
Stock Units	(4)	10/15/2025		A		58		(4)	(4)	Common Stock	58	$221.03	20,826	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	10/17/2025
	** 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) report on this Form 4?

An officer reported acquiring 29.72 RSUs as dividend equivalents and 58 stock units under the Deferred Compensation Plan on 10/15/2025.

How many RSUs and stock units does the insider hold after these transactions?

Reported holdings are 10,365.66 RSUs and 20,826 stock units, both as direct ownership.

What is the conversion ratio for the RSUs noted by RSG?

The filing states a 1-for-1 conversion between RSUs and common stock.

How are the Deferred Compensation Plan stock units settled at RSG?

They are settled in cash and receive dividend equivalents as additional stock units.

What price reference appears in the filing for the underlying common stock?

The filing lists $221.03 in the price column associated with the underlying common stock.

Do the RSU dividend equivalents at RSG vest immediately?

They vest and settle to the extent the related RSU is vested and settles, per the filing.

Who is the reporting person in this RSG Form 4?

The reporting person is Ms. Ellingsen, EVP/Chief Legal Officer.