Form 4: Republic Services EVP Catharine Ellingsen Reports Stock Transactions
SEC Form 4 Filing
Catharine Ellingsen, EVP/Chief Legal Officer/Secretary of Republic Services, reports the vesting of restricted stock units and related tax liability transactions.
Summary
- On February 17, 2025, Catharine Ellingsen, EVP/Chief Legal Officer/Secretary of Republic Services, had 1,553 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 February 17, 2023, and vest 25% on each of the first four anniversaries of the grant date.
- Ellingsen also disposed of 658 shares of common stock to satisfy the tax liability associated with the vesting of the RSUs.
- The fair market value of the exchanged shares was $231.37 on February 14, 2025.
- Following these transactions, Ellingsen beneficially owns 41,737 shares of Republic Services common stock and 3,109 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no indication of unusual or concerning activity. Therefore, the sentiment is neutral.
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 ownership changes.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for the Restricted Stock Units (RSUs) |
| 02/14/2025 | Closing price of Republic Services, Inc.'s common stock was $231.37 |
| 02/17/2025 | Date of RSU vesting and stock transactions |
| 02/18/2025 | Date of Form 4 signature |
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