Form 4: Republic Services Executive Catharine Ellingsen Reports Stock Transactions
SEC Form 4 Filing
Catharine Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, reports the vesting of restricted stock units and subsequent stock transactions to cover tax obligations.
Summary
- On March 1, 2025, Catharine Ellingsen, EVP/Chief Legal Officer/Sec of Republic Services, had 866 Restricted Stock Units (RSUs) vest, which were then paid out in the form of Republic Services, Inc.'s common stock.
- These RSUs were part of an award granted on March 1, 2024, which vests 25% on each of the first four anniversaries of the grant date.
- To cover the tax liability associated with the vesting of these shares, 367 shares of common stock were disposed of at a price of $237.02 per share, based on the closing price of Republic Services, Inc.'s common stock on February 28, 2025.
- Following these transactions, Ellingsen directly owns 46,278 shares of Republic Services, Inc. common stock and 2,604 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of grant for the Restricted Stock Units, vesting 25% annually over four years. |
| 02/28/2025 | Date used to determine the fair market value of Republic Services, Inc.'s common stock ($237.02) for tax liability calculations. |
| 03/01/2025 | Date of RSU vesting and subsequent stock transactions. |
| 03/04/2025 | Date of Form 4 filing. |
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