Form 4: Republic Services CEO Jon Vander Ark Reports Stock Transactions
SEC Form 4 Filing
CEO Jon Vander Ark reports the vesting and payout of restricted stock units and related tax liability satisfaction.
Summary
- On February 23, 2024, Jon Vander Ark, CEO and President of Republic Services, Inc., had 2,936 Restricted Stock Units (RSUs) vest, which were granted on February 23, 2021.
- These RSUs vested 25% on each of the first four anniversaries of the grant date and were paid out in the form of Republic Services, Inc.'s common stock.
- Vander Ark also disposed of 1,229 shares of common stock to satisfy the tax liability upon the vesting of the RSUs.
- The price per share for the tax liability transaction was $184.98, the closing price of Republic Services, Inc.'s common stock on February 23, 2024.
- Following these transactions, Vander Ark directly owns 74,649 shares of Republic Services, Inc. common stock and 2,936 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard reporting of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date the Restricted Stock Units were granted. |
| 02/23/2024 | Date of RSU vesting and tax liability transaction. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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