[Form 4] REPUBLIC SERVICES, INC. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REPUBLIC SERVICES, INC. director Thomas W. Handley received a grant of 73.44 Restricted Stock Units on Common Stock. The award represents additional RSUs accrued as dividends on existing RSU awards, based on a 1-for-1 conversion into common shares.
The RSUs were valued at $210.87 per share for reporting purposes and are subject to vesting and settlement terms of the underlying RSUs. Following this grant, Handley directly holds a total of 24,851.09 shares or units, with a portion of the RSUs held under the company’s Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HANDLEY THOMAS W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 73.44 | $210.87 | $15K |
Holdings After Transaction:
Restricted Stock Units — 24,851.09 shares (Direct)
Footnotes (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.
Key Figures
RSU grant size: 73.44 Restricted Stock Units
Reference price per share: $210.87 per share
Holdings after transaction: 24,851.09 shares/units
+1 more
4 metrics
RSU grant size
73.44 Restricted Stock Units
Dividend-equivalent RSUs granted on 1-for-1 basis
Reference price per share
$210.87 per share
Value per unit used in the RSU grant
Holdings after transaction
24,851.09 shares/units
Total direct holdings following RSU award
Conversion ratio
1-for-1 RSU to common stock
Each RSU converts into one common share upon settlement
Key Terms
Restricted Stock Units, Deferred Compensation Plan, dividends on outstanding RSU awards
3 terms
Restricted Stock Units financial
"Thomas W. Handley received a grant of 73.44 Restricted Stock Units on 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 Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"
FAQ
What insider transaction did RSG director Thomas W. Handley report?
Thomas W. Handley reported receiving 73.44 Restricted Stock Units. These RSUs were granted as additional units accrued on existing RSU awards, tied to dividend equivalents, and convert into an equal number of Republic Services common shares upon vesting and settlement.
Was the RSG Form 4 transaction an open-market stock purchase or sale?
The transaction was not an open-market trade. It was a compensation-related grant coded as an acquisition of 73.44 Restricted Stock Units, representing dividend-equivalent accruals on prior RSU awards, rather than a traditional buy or sell in the market.
What does a 1-for-1 RSU to common stock conversion mean for RSG?
A 1-for-1 conversion means each Restricted Stock Unit corresponds to one share of Republic Services common stock. When the RSUs vest and settle, the holder receives one common share for each unit, aligning RSU value directly with the company’s stock price.
Why did RSG accrue additional Restricted Stock Units as dividends?
The additional 73.44 Restricted Stock Units represent dividends accrued on previously granted RSUs. Instead of paying cash dividends on unvested RSUs, Republic Services credits equivalent RSUs, which will vest and settle only if the underlying RSU awards ultimately vest.