Form 4: Republic Services Executive Brian Bales Reports Stock Transactions
SEC Form 4 Filing
EVP Brian A. Bales of Republic Services, Inc. reports the vesting and subsequent tax withholding of shares related to previously deferred Restricted Stock Units.
Summary
- On February 23, 2024, Brian A. Bales, EVP and Chief Development Officer of Republic Services, Inc., reported transactions involving common stock and Restricted Stock Units (RSUs).
- These transactions relate to RSUs granted on February 23, 2021, which Bales had previously elected to defer under the company's Deferred Compensation Plan.
- On February 23, 2024, 25% of the grant vested, and 1,174 RSUs remained deferred.
- To cover the tax liability associated with the vesting, the company withheld 37 shares of Republic Services, Inc.'s common stock.
- The fair market value of the shares withheld was $184.98 per share, based on the closing price of Republic Services, Inc.'s common stock on February 23, 2024.
- Following these transactions, Bales directly owns 769 shares of common stock and 4,564 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of original Restricted Stock Units grant. |
| 02/23/2024 | Date of vesting and tax withholding transactions. |
| 02/27/2024 | Date of Form 4 filing. |
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