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 23, 2025, Brian DelGhiaccio, EVP and CFO of Republic Services, had 853 Restricted Stock Units (RSUs) vest, which were granted on February 23, 2021.
- These RSUs, including accrued dividend equivalents, were part of a deferred compensation plan.
- The vested RSUs were paid out in the form of Republic Services, Inc.'s common stock.
- Additionally, 378 shares of common stock were withheld to satisfy the tax liability associated with the vesting of the RSUs.
- The fair market value of the shares withheld for taxes was $230.87 on February 21, 2025.
- Following these transactions, DelGhiaccio directly owns 12,143 shares of Republic Services common stock and 3,414 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of executive stock transactions, which are neither inherently positive nor negative. The sentiment is neutral.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. These transactions can provide insights into an executive's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation packages, including stock options and RSUs, are standard practice among publicly traded companies like Waste Management (WM) and Clean Harbors (CLH).
- The vesting schedules and terms of these equity grants are typically outlined in company filings and are designed to align executive interests with shareholder value.
- The amount of stock withheld for tax obligations is also a common practice and varies depending on individual tax situations and company policies.
Stakeholder Impact
- The vesting of RSUs and subsequent stock transactions have a minimal direct impact on shareholders.
- These transactions are part of the executive compensation plan and are designed to incentivize management performance.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of original Restricted Stock Units grant. |
| 02/21/2025 | Closing price of Republic Services, Inc.'s common stock was $230.87. |
| 02/23/2025 | Date of RSU vesting and stock transactions. |
| 02/25/2025 | Date of Form 4 filing. |
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