Form 4: Republic Services Exec's RSU Vesting & Tax Withholding

Republic Services EVP Brian Bales saw 25% of his deferred Restricted Stock Units vest, with shares withheld for tax obligations.

Summary

• Brian A. Bales, EVP, Chief Development Officer of Republic Services, Inc. (RSG), reported a transaction on February 17, 2026.
• The transaction involved the vesting of 25% of Restricted Stock Units (RSUs) granted on February 17, 2023, which were previously deferred under the Company's Deferred Compensation Plan.
• Upon vesting, 26 shares of common stock were acquired by the reporting person.
• Concurrently, 26 shares of Republic Services, Inc. common stock were withheld by the company to satisfy the reporting person's tax liability.
• The fair market value of the withheld shares was $221.19 per share, based on the closing price on February 17, 2026.
• Following these transactions, 823 RSUs (including accrued dividend equivalents) remain deferred.
• The reporting person now directly owns 0 non-derivative common stock shares and 3,215 derivative Restricted Stock Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine compensation transaction for an executive, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• Vesting of 25% of previously granted Restricted Stock Units for the EVP, Chief Development Officer, indicates a portion of his long-term incentive compensation has materialized.

Negatives

• 26 shares of common stock were withheld by the company to cover tax liabilities, reducing the number of shares directly acquired by the executive.

Future Outlook

The filing does not contain forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

StockSavvy.ai notes that RSU vesting and subsequent tax withholding are standard practices in executive compensation across various industries, particularly for large, established companies like Republic Services, Inc. This type of transaction reflects the routine execution of long-term incentive plans.

Comparison to Industry Standards

• StockSavvy.ai observes that the structure of RSU grants with vesting schedules and tax withholding mechanisms is a common compensation practice, aligning with typical executive incentive programs seen in peer companies within the waste management and environmental services sector, such as Waste Management (WM) or Clean Harbors (CLH). Specific comparable projects or results are not applicable to this type of filing.

Related Party Transactions

• The transaction involves an executive and the company's compensation plan, which is a standard related-party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event.
• Employees: No direct impact beyond the reporting executive.

Next Steps

• The remaining 823 deferred Restricted Stock Units will vest according to their original schedule.

Key Dates

Keywords

Republic Services, RSG, Form 4, insider transaction, Restricted Stock Units, RSU, executive compensation, stock vesting, tax withholding, Brian A. Bales