Republic Services (NYSE: RSG) director adds 115.5300 RSUs from dividend accrual

Q: What insider transaction did Michael Larson report for Republic Services (RSG)?

Michael Larson reported an acquisition of 115.5300 Restricted Stock Units (RSUs) on 2026-07-15. These RSUs were accrued as dividend equivalents on existing RSU awards and will only vest and settle if the related underlying RSUs vest and settle.

Q: What is the nature of the RSU award Michael Larson received from Republic Services (RSG)?

The award consists of additional RSUs accrued as dividends on existing RSU awards. These dividend-equivalent RSUs will vest and be settled only if, and to the same extent that, the related original RSUs themselves vest and settle into common stock.

Q: What is the conversion ratio for Michael Larson’s RSUs into Republic Services (RSG) common stock?

Each RSU converts into common stock on a 1 on 1 basis. This means each vested and settled RSU will deliver one share of Republic Services common stock, aligning Larson’s RSU holdings directly with the company’s equity.

Q: What price per unit is associated with Michael Larson’s RSU accrual at Republic Services (RSG)?

The RSU accrual is associated with a per-unit value of $217.3400 . This figure reflects the reference price per Restricted Stock Unit for the reported award and helps indicate the notional value of the dividend-equivalent RSUs granted.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LARSON MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

Republic Services director Michael Larson received an award of 115.5300 Restricted Stock Units (RSUs) on 2026-07-15, valued at $217.3400 per unit. The RSUs were accrued as dividends on outstanding RSU awards and will vest and be settled only to the extent the corresponding RSUs vest and settle. Following this award, Larson directly holds 40165.7100 RSUs, each convertible into one share of common stock on a 1 on 1 basis.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider LARSON MICHAEL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F1, F2}	115.53	$217.34	$25K

Holdings After Transaction: Restricted Stock Units — 40,165.71 shares (Direct)

Footnotes (2)

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.

Key Figures

RSUs accrued: 115.5300 units Reference price per RSU: $217.3400 per unit Total RSUs after transaction: 40165.7100 units +1 more

4 metrics

RSUs accrued 115.5300 units Restricted Stock Units accrued as dividends on 2026-07-15

Reference price per RSU $217.3400 per unit Value per Restricted Stock Unit for this dividend-equivalent award

Total RSUs after transaction 40165.7100 units Michael Larson’s direct RSU holdings after the award

RSU-to-share conversion ratio 1 on 1 Each RSU converts into one share of Republic Services common stock

Key Terms

Restricted Stock Units, RSUs accrued as dividends, underlying security, vest and be settled

4 terms

Restricted Stock Units financial

"Received an award of 115.5300 Restricted Stock Units (RSUs) on 2026-07-15"

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.

RSUs accrued as dividends financial

"Represents additional Restricted Stock Units (RSUs) accrued as dividends on outstanding RSU awards"

underlying security financial

"underlying_security_title: Common Stock, underlying_security_shares: 115.5300"

vest and be settled financial

"RSUs accrued as dividends ... that will vest and be settled to the extent the RSU is vested"

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 - 05:47 PM Accepted by SEC EDGAR 07/17/2026 - 05:47 PM

FAQ

What insider transaction did Michael Larson report for Republic Services (RSG)?

Michael Larson reported an acquisition of 115.5300 Restricted Stock Units (RSUs) on 2026-07-15. These RSUs were accrued as dividend equivalents on existing RSU awards and will only vest and settle if the related underlying RSUs vest and settle.

How many Restricted Stock Units does Michael Larson hold in RSG after this transaction?

After the reported transaction, Michael Larson directly holds 40165.7100 RSUs. Each RSU represents the right to receive one share of Republic Services common stock, subject to vesting and settlement conditions tied to the underlying RSU awards.

What is the nature of the RSU award Michael Larson received from Republic Services (RSG)?

The award consists of additional RSUs accrued as dividends on existing RSU awards. These dividend-equivalent RSUs will vest and be settled only if, and to the same extent that, the related original RSUs themselves vest and settle into common stock.

What is the conversion ratio for Michael Larson’s RSUs into Republic Services (RSG) common stock?

Each RSU converts into common stock on a 1 on 1 basis. This means each vested and settled RSU will deliver one share of Republic Services common stock, aligning Larson’s RSU holdings directly with the company’s equity.

What price per unit is associated with Michael Larson’s RSU accrual at Republic Services (RSG)?

The RSU accrual is associated with a per-unit value of $217.3400. This figure reflects the reference price per Restricted Stock Unit for the reported award and helps indicate the notional value of the dividend-equivalent RSUs granted.

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^*

LARSON MICHAEL

(Last)

(First)

(Middle)

2365 CARILLON POINT

(Street)

KIRKLAND

WASHINGTON

98033

(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		115.53		⁽²⁾	⁽²⁾	Common Stock	115.53	$217.34	40,165.71	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.

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