Form 4: Republic Services CAO Carlsen Elyse Reports Stock Transactions
SEC Form 4 Filing
Republic Services' Chief Accounting Officer, Elyse Carlsen, reports the vesting of restricted stock units and subsequent tax liability fulfillment through the disposal of common stock.
Summary
- On February 23, 2025, Elyse Carlsen, CAO of Republic Services, Inc., had 195 Restricted Stock Units (RSUs) vest, which were granted on February 23, 2021, and vested 25% on each of the first four anniversaries of the grant date.
- These RSUs, including accrued dividend equivalents, were paid out in the form of Republic Services, Inc.'s common stock.
- Additionally, 52 shares of common stock were disposed of to satisfy the tax liability associated with the vesting of the RSUs at a price of $230.87 per share, based on the closing price on February 21, 2025.
- Following these transactions, Carlsen directly owns 712 shares of Republic Services common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and thus has a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of grant for the Restricted Stock Units (RSUs) that vest 25% annually. |
| 02/21/2025 | Date used to determine the fair market value ($230.87) of Republic Services, Inc.'s common stock for tax liability calculations. |
| 02/23/2025 | Date of RSU vesting and subsequent stock transactions. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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