Form 4: Republic Services Executive Brian Bales Reports Stock Transactions
SEC Form 4 Filing
Brian Bales, EVP and Chief Development Officer of Republic Services, reports the vesting and subsequent tax withholding of shares related to previously deferred Restricted Stock Units.
Summary
- On February 23, 2025, Brian Bales, EVP and Chief Development Officer of Republic Services, had 46 shares of common stock withheld to cover tax liabilities related to vested Restricted Stock Units (RSUs).
- These RSUs were initially granted on February 23, 2021, and deferred under the company's Deferred Compensation Plan.
- The withholding occurred as 25% of the grant vested, leaving 1,186 RSUs deferred.
- The fair market value of the withheld shares was $230.87 per share, based on the closing price of Republic Services' common stock on February 21, 2025.
- Following the transaction, Bales directly owns 4,568 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices, and does not indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at Republic Services.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/23/2021 | Date of original Restricted Stock Units grant. |
| 02/21/2025 | Closing price of Republic Services' common stock used to determine fair market value of shares. |
| 02/23/2025 | Date of transaction (vesting and tax withholding). |
| 02/25/2025 | Date of Form 4 filing. |
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