Form 4: Republic Services EVP Catharine Ellingsen Reports Stock Transactions

Catharine Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, reports the vesting of restricted stock units and subsequent tax liability satisfaction through the sale of common stock.

Summary

• On February 11, 2025, Catharine Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, had 1,265 Restricted Stock Units (RSUs) vest, which were granted on February 11, 2022, and vest 25% annually.
• These RSUs, including accrued dividend equivalents, were paid out in the form of Republic Services, Inc.'s common stock.
• To cover the tax liability associated with the vesting of these shares, 555 shares of common stock were disposed of at a price of $223.25 per share.
• Following these transactions, Ellingsen directly owns 40,842 shares of Republic Services common stock and 1,268 Restricted Stock Units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

Republic Services, Catharine Ellingsen, Restricted Stock Units, RSU, Form 4, Beneficial Ownership, Stock Transaction, Vesting, Common Stock