Form 4: Republic Services EVP, COO Brummer Gregg Reports Stock Transactions
SEC Form 4 Filing
EVP, COO of Republic Services, Gregg Brummer, reports the vesting and subsequent tax-related disposition of restricted stock units.
Summary
- Gregg Brummer, EVP and COO of Republic Services, Inc., reported transactions involving common stock and restricted stock units (RSUs) on February 23, 2025.
- 742 RSUs vested and were paid out in the form of Republic Services, Inc.'s common stock.
- These RSUs were granted on February 23, 2021, and vest 25% on each of the first four anniversaries of the grant date.
- Additionally, 307 shares of common stock were disposed of to satisfy the tax liability associated with the vesting of the RSUs.
- The fair market value of the shares exchanged for tax purposes was $230.87 on February 21, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and subsequent tax-related stock disposition has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of grant for the Restricted Stock Units that vested on 02/23/2025 |
| 02/21/2025 | Date of closing price used to determine fair market value of shares for tax purposes ($230.87) |
| 02/23/2025 | Date of RSU vesting and stock transactions |
| 02/25/2025 | Date of Form 4 filing |
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