REPUBLIC SERVICES, INC. — Director's Dealing 2022

Apr 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REPUBLIC SERVICES, INC. (RSG)
CIK: 0001060391
Period of Report: 2022-04-14

Reporting Person: Stuart Timothy E (COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-04-14	Common Stock	M	136	$0.00	Acquired	34735	Direct
2022-04-14	Common Stock	F	60	$132.71	Disposed	34675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-14	Restricted Stock Units	$	A	253	Acquired		Common Stock (253)	Direct
2022-04-14	Restricted Stock Units	$	M	136	Disposed		Common Stock (136)	Direct
2022-04-14	Stock Units	$	A	48	Acquired		Common Stock (48)	Direct

Footnotes

F1: The Reporting Person earned 181 dividend equivalents in connection with the 04/07/2017 RSU grant that had not vested as of the 04/01/2022 dividend record date. The 04/07/2017 RSU grant cliff vested on 04/07/2022. Of these 181 dividend equivalents, 45 were deferred into the Company's Deferred Compensation Plan (with 2 shares being withheld to satisfy the tax liability of the deferred shares). The remaining 136 dividend equivalents automatically vested on 04/14/2022 and were paid out in the form of Republic Services, Inc. (with 58 shares being withheld to satisfy the tax liability).

F2: Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.

F3: Reflects dividend equivalents received on the Restricted Stock Units ("RSUs") as awarded per the Republic Services, Inc. 2021 Stock Incentive Plan. This amount includes 181 dividend equivalents that were accrued on the RSUs that cliff vested on 04/07/2022. A portion of Mr. Stuart's Restricted Stock Units are held under the Company's Deferred Compensation Plan.

F4: A portion of the Restricted Stock Units are held under the Company's Deferred Compensation Plan.

F5: Stock Units held under the Republic Services Stock Incentive Fund ("Investment Fund") pursuant to Mr. Stuart's election under the Company's Deferred Compensation Plan. The Investment Fund is a measurement fund under which units are equal in value to shares of the Company's common stock and are settled in cash and receive dividend equivalents, in the form of additional stock units, each time a dividend is paid on the Company's common stock.