Form 4: Republic Services SVP Operations, Richardson Larson, Reports Stock Transactions
SEC Form 4 Filing
SVP Operations at Republic Services, Richardson Larson, reports the vesting and payout of restricted stock units and related tax liability satisfaction.
Summary
- On February 17, 2025, Richardson Larson, SVP Operations at Republic Services, had 68 Restricted Stock Units (RSUs) vest and were paid out in the form of Republic Services, Inc. common stock.
- These RSUs were part of a grant from February 17, 2023, and were previously elected to be deferred under the company's Deferred Compensation Plan (DCP).
- An additional 35 shares were disposed of to cover the tax liability associated with the vesting of the RSUs, at a price of $231.37 per share, based on the closing stock price on February 14, 2025.
- Following these transactions, Larson directly owns 2,635 shares of Republic Services common stock and 956 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock transactions.
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.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time.
- The vesting schedule and tax liability management are standard practices.
- Companies like Waste Management (WM) and Clean Harbors (CLH) also utilize similar equity-based compensation for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in company ownership.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of original Restricted Stock Unit grant. |
| 02/14/2025 | Date used to determine fair market value of exchanged shares for tax liability ($231.37). |
| 02/17/2025 | Date of RSU vesting and payout, and tax liability transaction. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
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