Form 4: Republic Services CFO Boosts Equity Holdings

Republic Services' EVP Chief Financial Officer, Brian M. DelGhiaccio, increased his beneficial ownership of Restricted Stock Units and Performance Shares through dividend accruals.

Summary

• Brian M. DelGhiaccio, EVP Chief Financial Officer of Republic Services, Inc. (RSG), reported an increase in his beneficial ownership of company equity.
• On January 15, 2026, DelGhiaccio acquired 95.22 Restricted Stock Units (RSUs) at a price of $210.79 per unit.
• These RSUs represent additional units accrued as dividends on outstanding RSU awards, which will vest and settle concurrently with the underlying RSUs.
• A portion of these Restricted Stock Units are held under the Company's Deferred Compensation Plan.
• The total beneficial ownership of RSUs following this transaction is 32,327.38 units, which includes an adjustment of 1.17 additional RSUs due to recalculation of prior rounding.
• Additionally, on January 15, 2026, DelGhiaccio acquired 25 Performance Shares (PSUs) at a price of $210.79 per unit.
• These PSUs reflect dividend equivalents received on earned Performance Shares in accordance with the Republic Services, Inc. 2021 Stock Incentive Plan, and these PSUs were deferred under the Company's Deferred Compensation Plan.
• The total beneficial ownership of PSUs following this transaction is 8,335 units.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary increase in an executive's equity holdings through dividend accruals, which is generally a neutral to slightly positive event as it enhances executive alignment with shareholder interests without indicating any specific operational or financial performance.

Positives

• The acquisition of additional equity, even through dividend accruals, increases the executive's alignment with shareholder interests.
• The existence of a Deferred Compensation Plan and a Stock Incentive Plan indicates structured executive compensation programs designed to retain and incentivize key management.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction. It primarily details a past insider transaction related to executive compensation.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the accrual of equity awards through dividend equivalents. It does not provide information on broader industry trends or competitive landscape, but rather reflects standard executive compensation practices within a publicly traded company in the waste management sector.

Related Party Transactions

• The transactions involve the acquisition of equity awards by an executive from the company, which are standard related-party dealings within executive compensation frameworks.
• A portion of the Restricted Stock Units and the dividend equivalent PSUs are held under the Company's Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The increase in executive equity ownership, even through passive dividend accruals, generally aligns the executive's financial interests more closely with those of the shareholders.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The acquired Restricted Stock Units will vest and settle to the extent the underlying RSU awards vest and settle.
• The Performance Shares (PSUs) are subject to the terms of the Republic Services, Inc. 2021 Stock Incentive Plan and the Company's Deferred Compensation Plan.

Key Dates

Keywords

Republic Services, RSG, Insider Transaction, Form 4, Restricted Stock Units, Performance Shares, Executive Compensation, Beneficial Ownership