Form 4: Republic Services EVP Exercises Stock Options, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Catharine D. Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, exercised stock options and disposed of shares to cover tax liabilities on February 23, 2024.
Summary
- On February 23, 2024, Catharine D. Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, exercised restricted stock units (RSUs) that vested.
- A total of 1,688 RSUs vested and were paid out in the form of Republic Services, Inc.'s common stock.
- Ellingsen also disposed of 520 shares of common stock to satisfy tax liabilities related to the vesting of the RSUs.
- The price of the common stock on February 23, 2024, was $184.98.
- Following these transactions, Ellingsen directly owns 40,270 shares of Republic Services, Inc. common stock and 1,688 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine executive compensation and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of grant for the Restricted Stock Units, vesting 25% on each of the first four anniversaries. |
| 02/23/2024 | Date of transaction: vesting of RSUs, conversion to common stock, and disposal of shares for tax liability. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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