Republic Services (RSG) director receives dividend-equivalent RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Republic Services director Jennifer M. Kirk received a small grant of additional Restricted Stock Units (RSUs) linked to dividend accruals. On this award, she acquired 73.44 RSUs, each corresponding on a 1-for-1 basis to a share of common stock.
The RSUs were credited as dividends on her existing RSU awards and will only vest and settle if the underlying RSUs vest and settle. After this grant, she directly holds a total of 24,851.09 RSUs, with a portion held under the company’s Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kirk Jennifer M
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
RSUs granted: 73.44 units
Grant value reference price: $210.87 per unit
Total RSUs after grant: 24,851.09 units
+1 more
4 metrics
RSUs granted
73.44 units
Dividend-equivalent RSUs accrued on outstanding awards
Grant value reference price
$210.87 per unit
Transaction price per RSU on grant date
Total RSUs after grant
24,851.09 units
Director’s direct RSU holdings following the transaction
Conversion ratio
1 RSU : 1 common share
Footnote stating 1-for-1 conversion to common stock
Key Terms
Restricted Stock Units, Deferred Compensation Plan, accrued as dividends
3 terms
Restricted Stock Units financial
"Represents additional Restricted Stock Units (RSUs) accrued as dividends"
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.
accrued as dividends financial
"RSUs accrued as dividends on outstanding RSU awards that will vest"
FAQ
What did Republic Services (RSG) director Jennifer M. Kirk report in this Form 4?
Jennifer M. Kirk reported receiving 73.44 additional Restricted Stock Units (RSUs) from Republic Services. These units arise from dividend accruals on her existing RSU awards and increase her total direct RSU holdings to 24,851.09 units, subject to normal vesting and settlement conditions.
How many Restricted Stock Units did Jennifer M. Kirk acquire from Republic Services (RSG)?
She acquired 73.44 Restricted Stock Units. These RSUs are tied 1-for-1 to Republic Services common shares and were credited as dividend equivalents on outstanding RSU awards, adding modestly to her existing long-term equity-based compensation position.
How are the new RSUs for Republic Services (RSG) director Jennifer M. Kirk expected to vest?
The new RSUs will vest and settle only to the extent the underlying RSU awards vest and settle. They represent dividend-equivalent accruals on existing RSUs, so their payout timing and eligibility follow the same vesting schedule as the original awards.
What is Jennifer M. Kirk’s total RSU position in Republic Services (RSG) after this transaction?
After the 73.44-unit dividend-equivalent grant, she holds 24,851.09 Restricted Stock Units directly. This total includes RSUs held under the company’s Deferred Compensation Plan, reflecting her accumulated equity-based compensation as a director of Republic Services.
What do the footnotes in Jennifer M. Kirk’s Republic Services (RSG) Form 4 explain?
The footnotes explain the RSUs convert to common stock on a 1-for-1 basis, that the new RSUs were accrued as dividends on existing RSU awards, and that a portion of her RSUs is held under the company’s Deferred Compensation Plan.