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Republic Services (RSG) director receives dividend-linked RSU grant

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

Rhea-AI Filing Summary

Duffy Michael A reported acquisition or exercise transactions in this Form 4 filing.

REPUBLIC SERVICES, INC. director Michael A. Duffy received a grant of 29.45 Restricted Stock Units on Common Stock at an indicated value of $210.87 per share. These RSUs accrued as dividends on outstanding RSU awards and some are held under the company’s Deferred Compensation Plan, bringing his direct RSU holdings to 10,012.1 units.

Positive

  • None.

Negative

  • None.
Insider Duffy Michael A
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 29.45 $210.87 $6K
Holdings After Transaction: Restricted Stock Units — 10,012.1 shares (Direct)
Footnotes (1)
  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.
RSUs granted 29.45 Restricted Stock Units Grant/award acquisition on common stock
Indicated RSU price $210.87 per share Value associated with RSU grant
Total RSUs after grant 10,012.1 units Direct RSU holdings following transaction
Conversion ratio 1 to 1 RSUs based on 1 on 1 conversion to common stock
Restricted Stock Units financial
"The 29.45 Restricted Stock Units accrued as dividends on outstanding RSU awards"
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.
accrued as dividends financial
"Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"
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*
Duffy Michael A

(Last)(First)(Middle)
C/O 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026
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)04/15/2026A29.45 (2) (2)Common Stock29.45$210.8710,012.1(3)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.
Remarks:
/s/ Lauren McKeon, Attorney-in-Fact04/17/2026
** 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)

FAQ

What insider transaction did RSG director Michael A. Duffy report?

Michael A. Duffy reported receiving 29.45 Restricted Stock Units in Republic Services stock. The Form 4 describes this as a grant or award acquisition tied to existing RSU holdings rather than an open-market purchase or sale, reflecting routine equity-based compensation activity.

How many Republic Services (RSG) RSUs does Michael A. Duffy hold after this Form 4?

After the reported transaction, Michael A. Duffy directly holds 10,012.1 Restricted Stock Units linked to Republic Services common stock. This figure includes the additional 29.45 RSUs granted and reflects his total direct RSU position as shown in the filing’s post-transaction ownership column.

What is the nature of the RSU grant reported by Michael A. Duffy at RSG?

The RSU grant is classified as a grant, award, or other acquisition. Footnotes explain the 29.45 additional Restricted Stock Units accrued as dividends on existing RSU awards and will vest and settle only to the extent the corresponding RSUs vest and settle.

What price per share is associated with Michael A. Duffy’s new RSUs at Republic Services (RSG)?

The 29.45 Restricted Stock Units are reported with a value of $210.87 per share. This figure is an indicated price in the Form 4 and is used for reporting purposes, while the RSUs themselves represent a right to receive common stock in the future.

Are any of Michael A. Duffy’s Republic Services RSUs held in a deferred compensation plan?

Yes. A footnote states that a portion of Michael A. Duffy’s Restricted Stock Units is held under Republic Services’ Deferred Compensation Plan. This means part of his equity-based compensation is deferred, following the terms and distribution rules of that company plan.