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 of restricted stock units and subsequent tax liability satisfaction through the disposal of shares.
Summary
- On March 1, 2025, Brian DelGhiaccio, EVP and CFO of Republic Services, had 892 Restricted Stock Units (RSUs) vest, which were then paid out in the form of Republic Services, Inc.'s common stock.
- These RSUs were granted on March 1, 2024, and vest 25% on each of the first four anniversaries of the grant date.
- To cover the tax liability associated with the vesting of these shares, 374 shares of common stock were disposed of at a price of $237.02 per share, based on the closing price on February 28, 2025.
- Following these transactions, DelGhiaccio directly owns 12,661 shares of Republic Services common stock and 2,687 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, and the sentiment is neutral as it reflects standard executive compensation practices.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation and do not indicate a change in company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of grant for the Restricted Stock Units (RSUs) that vest 25% annually over four years. |
| 02/28/2025 | Date used to determine the fair market value ($237.02) of Republic Services, Inc.'s common stock for tax liability calculations. |
| 03/01/2025 | Date of RSU vesting and stock transactions. |
| 03/04/2025 | Date of Form 4 filing. |
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