Republic Services (NYSE: RSG) director granted dividend-equivalent RSUs

Q: How many Restricted Stock Units does Michael A. Duffy hold after this RSG Form 4 transaction?

After the reported RSU award, Michael A. Duffy holds 10,040.89 Restricted Stock Units directly. These units represent rights to receive an equivalent number of Republic Services common shares, with some units held under the company’s Deferred Compensation Plan .

Q: What is the reference price for Michael A. Duffy’s new RSU award at Republic Services (RSG)?

The 28.79 Restricted Stock Units are reported at a reference price of $217.34 per share . This reflects the per-share value used in the award details and does not represent a cash purchase by the director in the market.

Q: What does it mean that Duffy’s RSUs at Republic Services (RSG) are dividend-equivalent awards?

The additional 28.79 RSUs represent dividends on outstanding RSU awards . Instead of paying cash, Republic Services credits extra RSUs that will vest and settle only to the extent the underlying RSUs themselves vest and settle under the equity plan.

Q: Were Michael A. Duffy’s RSU transactions in RSG reported under a Rule 10b5-1 plan?

The Form 4 indicates the transaction was not reported as made under a Rule 10b5-1 trading plan . It is disclosed as a grant or award of dividend-equivalent Restricted Stock Units rather than an open-market trade pursuant to a preset plan.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Republic Services director Michael A. Duffy reported an award of 28.79 Restricted Stock Units on July 15, 2026, credited as dividend-equivalent RSUs on existing awards. Each unit converts 1-for-1 into common stock, referencing $217.34 per share, bringing his directly held RSU balance to 10,040.89 units, a portion held under the company’s Deferred Compensation Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Duffy Michael A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F1, F2, F3}	28.79	$217.34	$6K

Holdings After Transaction: Restricted Stock Units — 10,040.89 shares (Direct)

Footnotes (3)

F1. Based on 1 on 1 conversion.
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.
F3. A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.

Key Figures

RSUs awarded: 28.79 units Reference share price: $217.34 per share RSUs held after award: 10,040.89 units +1 more

4 metrics

RSUs awarded 28.79 units Restricted Stock Units credited on July 15, 2026

Reference share price $217.34 per share Per-unit reference price reported for the RSU award

RSUs held after award 10,040.89 units Total directly held Restricted Stock Units following the transaction

Conversion ratio 1 to 1 Each RSU converts into one share of common stock

Key Terms

Restricted Stock Units, Deferred Compensation Plan, dividends on outstanding RSU awards, 1 on 1 conversion

4 terms

Restricted Stock Units financial

"Reported award of Restricted Stock Units (RSUs) to director"

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"

1 on 1 conversion financial

"Based on 1 on 1 conversion."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 05:42 PM Accepted by SEC EDGAR 07/17/2026 - 05:42 PM

FAQ

What insider transaction did Republic Services (RSG) report for Michael A. Duffy?

Republic Services reported that director Michael A. Duffy received 28.79 Restricted Stock Units on July 15, 2026. These are dividend-equivalent RSUs linked to existing awards, convertible 1-for-1 into common stock, increasing his directly held RSU balance to 10,040.89 units.

How many Restricted Stock Units does Michael A. Duffy hold after this RSG Form 4 transaction?

After the reported RSU award, Michael A. Duffy holds 10,040.89 Restricted Stock Units directly. These units represent rights to receive an equivalent number of Republic Services common shares, with some units held under the company’s Deferred Compensation Plan.

What is the reference price for Michael A. Duffy’s new RSU award at Republic Services (RSG)?

The 28.79 Restricted Stock Units are reported at a reference price of $217.34 per share. This reflects the per-share value used in the award details and does not represent a cash purchase by the director in the market.

How do Michael A. Duffy’s Republic Services RSUs convert into common stock?

According to the filing, the Restricted Stock Units are based on a 1 on 1 conversion. Each RSU entitles the holder to receive one share of Republic Services common stock when the unit vests and is settled, subject to the plan’s terms.

What does it mean that Duffy’s RSUs at Republic Services (RSG) are dividend-equivalent awards?

The additional 28.79 RSUs represent dividends on outstanding RSU awards. Instead of paying cash, Republic Services credits extra RSUs that will vest and settle only to the extent the underlying RSUs themselves vest and settle under the equity plan.

Were Michael A. Duffy’s RSU transactions in RSG reported under a Rule 10b5-1 plan?

The Form 4 indicates the transaction was not reported as made under a Rule 10b5-1 trading plan. It is disclosed as a grant or award of dividend-equivalent Restricted Stock Units rather than an open-market trade pursuant to a preset plan.

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^*

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	07/15/2026		A		28.79		⁽²⁾	⁽²⁾	Common Stock	28.79	$217.34	10,040.89⁽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-Fact	07/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR