Republic Services (RSG) director granted dividend-equivalent RSUs on awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Republic Services director Margaret Reynolds reported a routine compensation-related transaction. On April 15, 2026, she acquired 12.71 Restricted Stock Units (RSUs) as additional RSUs accrued as dividends on her outstanding RSU awards, based on a 1-for-1 conversion into common stock.

These dividend-equivalent RSUs have a reference price of $210.87 per share and will vest and settle only to the extent the underlying RSUs vest and settle. Following this grant, Reynolds holds a total of 4,382.18 RSUs directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Reynolds Margaret

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	12.71	$210.87	$3K

Holdings After Transaction: Restricted Stock Units — 4,382.18 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.

Key Figures

RSUs granted: 12.71 RSUs Reference share price: $210.87 per share Total RSUs after transaction: 4,382.18 RSUs +1 more

4 metrics

RSUs granted 12.71 RSUs Dividend-equivalent grant on April 15, 2026

Reference share price $210.87 per share Value used for RSU award

Total RSUs after transaction 4,382.18 RSUs Holdings following the April 15, 2026 grant

RSU exercise price $0.00 Conversion or exercise price for RSUs

Key Terms

Restricted Stock Units, RSUs accrued as dividends, 1 on 1 conversion, grant, award, or other acquisition

4 terms

Restricted Stock Units financial

"The security reported is described as "Restricted Stock Units" with underlying 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.

RSUs accrued as dividends 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 between RSUs and Republic Services common stock."

grant, award, or other acquisition financial

"Transaction code A is defined as "Grant, award, or other acquisition" of derivative securities."

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 08:08 PM

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^*

Reynolds Margaret

(Last)

(First)

(Middle)

C/O REPUBLIC SERVICES, INC.

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)
04/15/2026

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⁾	04/15/2026		A		12.71		⁽²⁾	⁽²⁾	Common Stock	12.71	$210.87	4,382.18	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	04/17/2026
	** 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

FAQ

What insider transaction did Margaret Reynolds report at Republic Services (RSG)?

Margaret Reynolds reported receiving 12.71 Restricted Stock Units as a compensation-related grant. These RSUs were accrued as dividend equivalents on her existing RSU awards and convert into common stock on a one-for-one basis, subject to the same vesting and settlement conditions.

How many Restricted Stock Units does Margaret Reynolds hold after this Form 4 for RSG?

After the reported transaction, Margaret Reynolds holds a total of 4,382.18 Restricted Stock Units. This total includes the 12.71 new RSUs accrued as dividends on outstanding awards, all of which convert into Republic Services common stock on a one-for-one basis when vested.

What is the nature of the RSU grant reported by Margaret Reynolds at Republic Services?

The RSU grant represents additional Restricted Stock Units accrued as dividends on existing RSU awards. These dividend-equivalent RSUs will vest and be settled only if and when the underlying RSUs vest and settle, mirroring the same schedule and conditions as the original awards.

What reference price is associated with the RSUs granted to Margaret Reynolds at RSG?

The 12.71 Restricted Stock Units granted to Margaret Reynolds carry a reference price of $210.87 per share. This figure reflects the value used in the filing for the RSU award, while the RSUs themselves have a stated conversion or exercise price of $0.00.

Are the new RSUs granted to Margaret Reynolds at Republic Services immediately vested?

No, the additional RSUs accrued as dividends vest only when the corresponding underlying RSU awards vest. They will be settled into Republic Services common stock to the extent the original RSUs become vested and settle, following the same timing and conditions disclosed for those awards.