Republic Services (RSG) director adds 115 RSU dividend equivalents

Q: What insider transaction did Republic Services (RSG) report for Manuel Kadre?

Republic Services director Manuel Kadre reported acquiring 115.4600 Restricted Stock Units on July 15, 2026. These RSUs were accrued as dividends on existing RSU awards and increased his direct RSU holdings to 40264.5600 units linked to Republic Services common stock.

Q: Was the Republic Services (RSG) Form 4 a stock sale or purchase by Manuel Kadre?

The Form 4 shows an acquisition , not a sale, of 115.4600 Restricted Stock Units by director Manuel Kadre. The RSUs represent dividend-equivalent units added to his existing RSU awards rather than an open-market stock purchase or disposition.

Q: What is the conversion ratio for Manuel Kadre’s RSUs at Republic Services (RSG)?

Kadre’s Restricted Stock Units are subject to a 1 on 1 conversion ratio into Republic Services common stock. Each RSU will vest and settle into one share of common stock to the extent the underlying RSU award vests and settles.

Q: What do the dividend-equivalent RSUs reported for Republic Services (RSG) signify?

The reported 115.4600 RSUs are additional units accrued as dividends on outstanding RSU awards. They will vest and be settled only to the extent the related RSU awards vest and settle, effectively mirroring cash dividends in the form of extra RSU units.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Republic Services, Inc. director Manuel Kadre reported an acquisition of 115.4600 Restricted Stock Units on July 15, 2026, as additional RSUs accrued as dividends on outstanding RSU awards, convertible on a 1 on 1 basis into common stock. After this accrual, he directly holds 40264.5600 RSUs, a portion under the Company's Deferred Compensation Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kadre Manuel

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F1, F2, F3}	115.46	$217.34	$25K

Holdings After Transaction: Restricted Stock Units — 40,264.56 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 acquired: 115.4600 units Reference price per RSU: $217.3400 per share RSU holdings after transaction: 40264.5600 units +1 more

4 metrics

RSUs acquired 115.4600 units Restricted Stock Units accrued as dividends on July 15, 2026

Reference price per RSU $217.3400 per share Price field associated with the July 15, 2026 RSU accrual

RSU holdings after transaction 40264.5600 units Total Restricted Stock Units held directly after the July 15, 2026 accrual

RSU conversion ratio 1 on 1 Each Restricted Stock Unit converts into one share of common stock

Key Terms

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

3 terms

Restricted Stock Units financial

"Security title reported as Restricted Stock Units with 1 on 1 conversion into 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 RSUs accrued as dividends on outstanding RSU awards that will vest and settle"

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 - 05:44 PM Accepted by SEC EDGAR 07/17/2026 - 05:44 PM

FAQ

What insider transaction did Republic Services (RSG) report for Manuel Kadre?

Republic Services director Manuel Kadre reported acquiring 115.4600 Restricted Stock Units on July 15, 2026. These RSUs were accrued as dividends on existing RSU awards and increased his direct RSU holdings to 40264.5600 units linked to Republic Services common stock.

Was the Republic Services (RSG) Form 4 a stock sale or purchase by Manuel Kadre?

The Form 4 shows an acquisition, not a sale, of 115.4600 Restricted Stock Units by director Manuel Kadre. The RSUs represent dividend-equivalent units added to his existing RSU awards rather than an open-market stock purchase or disposition.

How many Restricted Stock Units does Manuel Kadre now hold at Republic Services (RSG)?

Following the July 15, 2026 transaction, Manuel Kadre directly holds 40264.5600 Restricted Stock Units. This total includes RSUs accrued as dividends on outstanding awards, with a portion of the units held under the company’s Deferred Compensation Plan.

What is the conversion ratio for Manuel Kadre’s RSUs at Republic Services (RSG)?

Kadre’s Restricted Stock Units are subject to a 1 on 1 conversion ratio into Republic Services common stock. Each RSU will vest and settle into one share of common stock to the extent the underlying RSU award vests and settles.

What do the dividend-equivalent RSUs reported for Republic Services (RSG) signify?

The reported 115.4600 RSUs are additional units accrued as dividends on outstanding RSU awards. They will vest and be settled only to the extent the related RSU awards vest and settle, effectively mirroring cash dividends in the form of extra RSU units.

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^*

Kadre Manuel

(Last)

(First)

(Middle)

5345 HAMMOCK DRIVE

(Street)

CORAL GABLES

FLORIDA

33156

(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		115.46		⁽²⁾	⁽²⁾	Common Stock	115.46	$217.34	40,264.56	D⁽³⁾

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