Form 4: Republic Services EVP, COO Brummer Gregg Reports Stock Transactions
SEC Form 4 Filing
Gregg Brummer, EVP and COO of Republic Services, reports the vesting of restricted stock units and subsequent stock transactions to cover tax liabilities.
Summary
- On February 17, 2025, Gregg Brummer, EVP and COO of Republic Services, reported transactions involving Republic Services common stock.
- 388 Restricted Stock Units (RSUs) vested, resulting in the acquisition of 388 shares of common stock.
- These RSUs, granted on February 17, 2023, vest 25% annually over four years.
- Additionally, 161 shares were disposed of to cover tax liabilities associated with the RSU vesting at a price of $231.37 per share.
- Following these transactions, Brummer directly owns 14,462 shares of Republic Services common stock and 777 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't indicate any particular positive or negative sentiment towards the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for executives to manage their equity compensation and related tax obligations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the overall outstanding shares.
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 used to calculate tax liability ($231.37). |
| 02/17/2025 | Date of RSU vesting and stock transactions. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
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