REPUBLIC SERVICES, INC. — Director's Dealing 2020

Jan 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REPUBLIC SERVICES, INC. (RSG)
CIK: 0001060391
Period of Report: 2019-12-31

Reporting Person: Volpe Sandra M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-31	Common Stock	M	269	$0.00	Acquired	269	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-31	Restricted Stock Units	$	M	269	Disposed		Common Stock (269)	Direct
2020-01-02	Restricted Stock Units	$	A	2561	Acquired		Common Stock (2561)	Direct

Footnotes

F1: On 12/08/2016 ("Date of Grant"), the non-Management Director was granted an award of 257 Restricted Stock Units ("RSUs") in accordance with the Company's 2007 Stock Incentive Plan, as amended. The RSUs were immediately vested on the Date of Grant; however, the Director could not convert any of the RSUs to Republic common stock (based on a 1 on 1 conversion) until the earlier of the last day of the month in which the three year anniversary of the date of the award occurs (for this grant being 12/31/2019) or the date on which the Director leaves the Board. The settlement of 269 RSUs, that included dividend equivalents, to Republic common stock was effective on 12/31/2019.

F2: Based on 1 on 1 conversion.

F3: On 01/02/2020 ("Date of Grant"), each non-Management Director received an annual award of 2,561 Restricted Stock Units ("RSUs") pursuant to the Republic Services, Inc.'s ("Company") 2007 Stock Incentive Plan, as amended. The grant was based on a value on the Date of Grant of $230,000, with the number of RSUs calculated based on the closing stock price of the Company's common stock on the Date of Grant ($89.83). The RSUs under this 01/02/2020 grant immediately vest; however, the Director cannot convert any of the RSUs to Company common stock (based on a 1 on 1 conversion) until the earlier of the last day of the month in which the three year anniversary of the date of the award occurs (for this grant being 01/31/2023), unless deferred by the Director or the date on which the Director leaves the Board. The Director elected to defer this grant pursuant to the Company's Deferred Compensation Plan.