Form 4: Republic Services EVP Catharine Ellingsen Reports Stock Transactions
SEC Form 4 Filing
Catharine Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, reports the vesting of restricted stock units and subsequent tax liability satisfaction through the disposal of shares.
Summary
- On February 23, 2025, Catharine Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, had 1,708 Restricted Stock Units (RSUs) vest, which were granted on February 23, 2021.
- These RSUs vested 25% on each of the first four anniversaries of the grant date.
- The vested 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, 724 shares of common stock were disposed of at a price of $230.87 per share, the closing price on February 21, 2025.
- Following these transactions, Ellingsen directly owns 45,779 shares of Republic Services, Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects routine insider transactions related to stock-based compensation.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency to the market regarding the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of grant for the Restricted Stock Units (RSUs). |
| 02/21/2025 | Closing price of Republic Services, Inc.'s common stock was $230.87. |
| 02/23/2025 | Date of transaction: Vesting of Restricted Stock Units and disposal of shares for tax liability. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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