Republic Services EVP reports RSU vest and tax withholding

Republic Services EVP Brian A. Bales reported equity award activity tied to previously deferred restricted stock units.

Rhea-AI Filing Summary

Republic Services EVP Brian A. Bales reported equity award activity tied to previously deferred restricted stock units. On 02/18/2026, 9.56 restricted stock units were converted into 9.56 shares of common stock as part of a grant that vested 25% on that date. The company then withheld 9.56 shares of common stock, valued at $216.84 per share, to satisfy his tax liability under its Deferred Compensation Plan, leaving 309.24 restricted stock units (including accrued dividend equivalents) still deferred.

Insider Trade Summary

9.56 shares exercised/converted

Exercise 3 txns

Insider Bales Brian A

Role EVP, Chief Development Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	9.56	$0.00	$0.00
Exercise	Common Stock	9.56	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	9.56	$216.84	$2K

Holdings After Transaction: Restricted Stock Units — 1,229.43 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (2)

1. F1. The Reporting Person previously elected to defer the Restricted Stock Units ("RSUs") granted on 02/18/2025 in accordance with the Company's Deferred Compensation Plan (the "Plan"). On 02/18/2026, 25% of the grant vested and 309.24 RSUs (including accrued dividend equivalents) remain deferred. As permitted under the Plan, the Company withheld 9.56 shares of Republic Services, Inc. common stock to satisfy tax liability of the Reporting Person. The fair market value of the exchanged shares was $216.84 (the closing price of Republic Services, Inc.'s common stock on 02/18/2026).
2. F2. Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.

FAQ

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What did Republic Services (RSG) EVP Brian Bales report on this Form 4?

Brian Bales reported conversion of 9.56 restricted stock units into 9.56 Republic Services common shares, followed by company withholding of the same 9.56 shares to cover tax liability under the Deferred Compensation Plan related to his 02/18/2025 grant.

Were Brian Bales’s Republic Services (RSG) transactions open-market buys or sales?

The reported transactions were not open-market trades. They reflect an exercise or conversion of restricted stock units into common shares and a tax-withholding disposition, where the company withheld shares to satisfy tax obligations, rather than a discretionary market purchase or sale.

How many Republic Services (RSG) RSUs remain deferred for Brian Bales?

After the 02/18/2026 vesting event, 309.24 restricted stock units remain deferred for Brian Bales under Republic Services’ Deferred Compensation Plan. This total includes accrued dividend equivalents and relates to RSUs originally granted on 02/18/2025.

What price was used for the Republic Services (RSG) tax-withholding shares?

The company valued the withheld shares at $216.84 each. This amount equaled the closing price of Republic Services common stock on 02/18/2026 and was used to determine the fair market value for satisfying Brian Bales’s tax liability.

What does each Republic Services (RSG) restricted stock unit represent for Brian Bales?

Each restricted stock unit represents the contingent right to receive one share of Republic Services common stock. Upon vesting and settlement, these units convert into actual shares, subject to any applicable deferral elections and tax-withholding actions under the company’s compensation plans.

What portion of Brian Bales’s 02/18/2025 RSU grant vested in 2026 at Republic Services (RSG)?

On 02/18/2026, 25% of Brian Bales’s restricted stock unit grant from 02/18/2025 vested. As part of this vesting, 9.56 RSUs converted into common shares, while the remaining 309.24 RSUs (including dividend equivalents) stayed deferred under the company’s plan.

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Accepted by SEC EDGAR 02/20/2026 - 07:47 PM Learn about SEC filing dates

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^*

Bales Brian A

(Last) (First) (Middle)

C/O REPUBLIC SERVICES, INC.

5353 E. CITY NORTH DRIVE

(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 Development Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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
Common Stock	02/18/2026		M		9.56(1)	A	$0	9.56	D
Common Stock	02/18/2026		F		9.56(1)	D	$216.84	0	D

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	(2)	02/18/2026		M			9.56	(1)	(1)	Common Stock	9.56	$0	1,229.43	D

Explanation of Responses:

1. The Reporting Person previously elected to defer the Restricted Stock Units ("RSUs") granted on 02/18/2025 in accordance with the Company's Deferred Compensation Plan (the "Plan"). On 02/18/2026, 25% of the grant vested and 309.24 RSUs (including accrued dividend equivalents) remain deferred. As permitted under the Plan, the Company withheld 9.56 shares of Republic Services, Inc. common stock to satisfy tax liability of the Reporting Person. The fair market value of the exchanged shares was $216.84 (the closing price of Republic Services, Inc.'s common stock on 02/18/2026).

2. Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.

Remarks:

	/s/ Lauren McKeon, Attorney-in-Fact	02/20/2026
	** 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.