Form 4: Republic Services Director Accrues Additional Restricted Stock Units

Republic Services Director Manuel Kadre acquired 92.77 Restricted Stock Units as dividend equivalents, increasing his total beneficial ownership to 38,706.5 units.

Summary

• Manuel Kadre, a Director of Republic Services, Inc. (RSG), acquired 92.77 Restricted Stock Units (RSUs) on July 15, 2025.
• These RSUs were accrued as dividends on existing outstanding RSU awards.
• The newly acquired RSUs will vest and settle only if the underlying RSU awards also vest and settle.
• Following this transaction, Mr. Kadre beneficially owns a total of 38,706.5 Restricted Stock Units.
• The value per RSU for this dividend accrual was $241.86.
• A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.
• 侬,
• positives": [ "Director Manuel Kadre increased his beneficial ownership of Republic Services, Inc. equity by acquiring 92.77 Restricted Stock Units (RSUs).
• The acquisition represents dividend equivalents on existing RSU awards, indicating continued equity participation and alignment of interests between the director and shareholders.
• Total beneficial ownership of RSUs by Mr. Kadre now stands at 38,706.5 units, demonstrating a significant equity stake.

Sentiment

Score: 7

Explanation: The transaction reflects a routine accrual of dividend equivalents on existing equity awards, increasing the director's beneficial ownership and aligning interests with shareholders.

Risks

• The newly acquired Restricted Stock Units (RSUs) are accrued as dividends on outstanding RSU awards and will only vest and settle to the extent the underlying RSU is vested and settles, meaning their value is contingent on future vesting conditions of the original awards.

Future Outlook

N/A. This Form 4 reports a past transaction and does not provide forward-looking statements or guidance.

Industry Context

N/A. This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive analysis.

Related Party Transactions

• The acquisition of Restricted Stock Units (RSUs) by Director Manuel Kadre represents dividend equivalents on outstanding RSU awards, which is a form of equity compensation provided by the company to an insider.

Stakeholder Impact

• Shareholders: Increased equity alignment between a director and shareholder interests through the accrual of additional Restricted Stock Units.

Next Steps

• The acquired Restricted Stock Units (RSUs) will vest and settle to the extent the underlying RSU awards vest and settle.

Key Dates

Keywords

Republic Services, RSG, SEC filing, Form 4, insider transaction, director, restricted stock units, RSU, equity, beneficial ownership, dividend equivalent