Form 4: Republic Services EVP Brian DelGhiaccio Reports Stock Transactions
SEC Form 4 Filing
Brian DelGhiaccio, EVP and CFO of Republic Services, reports the vesting and payout of restricted stock units and shares withheld for tax obligations.
Summary
- On February 17, 2025, Brian DelGhiaccio, EVP and CFO of Republic Services, had 1,242 Restricted Stock Units (RSUs) vest, which were then paid out in the form of Republic Services common stock.
- Additionally, 520 shares of common stock were disposed of to satisfy tax liabilities related to the vesting of the RSUs.
- The price per share for the tax withholding was $231.37, based on the closing price of Republic Services common stock on February 14, 2025.
- Following these transactions, DelGhiaccio directly owns 7,386 shares of Republic Services common stock and 2,487 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time to incentivize long-term performance.
- The vesting schedule of 25% annually over four years is a common vesting structure.
- Companies routinely withhold shares to cover tax obligations upon the vesting of equity awards.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
- The transaction provides insight into executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for the Restricted Stock Units (RSUs) that vest 25% annually over four years. |
| 02/14/2025 | Closing price of Republic Services, Inc.'s common stock ($231.37) used to calculate tax liability. |
| 02/17/2025 | Date of RSU vesting and stock transactions. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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