Form 4: Republic Services Director Receives Annual Stock Grant

Director Thomas W. Handley received 1,150 restricted stock units (RSUs) from Republic Services, Inc. as part of an annual award.

Summary

• Thomas W. Handley, a director at Republic Services, Inc., received 1,150 restricted stock units (RSUs) on January 2, 2025.
• The RSUs were granted as part of the company's 2021 Stock Incentive Plan.
• The grant was valued at $230,000, with the number of RSUs determined by the closing stock price of $200.09 on the grant date.
• The RSUs vest immediately but cannot be converted to common stock until January 31, 2028, or upon the director leaving the board, unless deferred.
• The director has elected to defer the grant under the company's Deferred Compensation Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation event, which is generally positive for aligning director and shareholder interests. There are no negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The immediate vesting of the RSUs provides an incentive for the director to remain on the board.

Future Outlook

The director's RSUs will convert to common stock on January 31, 2028, or upon leaving the board, unless deferred.

Industry Context

This type of stock grant is a common practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units as part of their director compensation packages.
• The vesting period of three years is a common practice to ensure long-term commitment from board members.
• The value of the grant is consistent with typical compensation for directors at companies of similar size and industry.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, which is generally positive.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Restricted Stock Units, RSU, Stock Incentive Plan, Director Compensation, Republic Services, Stock Grant, Deferred Compensation