Form 4: Republic Services EVP, COO Brummer Gregg Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Republic Services' EVP, COO Brummer Gregg reported acquiring 75 Restricted Stock Units on October 15, 2024, at a price of $206.49, bringing his total holdings to 27,581 units.
Summary
- On October 15, 2024, Gregg Brummer, EVP, COO of Republic Services, acquired 75 Restricted Stock Units (RSUs).
- The price of the derivative security was $206.49.
- These RSUs are based on a 1-on-1 conversion to common stock.
- The acquisition increases Brummer's total holdings to 27,581 Restricted Stock Units.
- A portion of these RSUs are held under the Company's Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.
Positives
- The acquisition of Restricted Stock Units by a high-ranking executive may signal confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in beneficial ownership of Republic Services' securities by one of its top executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's compensation and confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of the transaction where Gregg Brummer acquired 75 Restricted Stock Units. |
| 10/17/2024 | Date of signature for the Form 4 filing. |
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