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REPUBLIC SERVICES, INC. — Director's Dealing 2024
Jan 3, 2024
29934_dirs_2024-01-03_bcb148f7-2f4d-4faf-9568-45d392fd4ce2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: REPUBLIC SERVICES, INC. (RSG)
CIK: 0001060391
Period of Report: 2024-01-02
Reporting Person: HANDLEY THOMAS W (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-02 | Restricted Stock Units | $ | A | 1395 | Acquired | Common Stock (1395) | Direct |
Footnotes
F1: Based on 1 on 1 conversion.
F2: On 01/02/2024 ("Date of Grant"), each non-management Director received an annual award of 1,395 Restricted Stock Units ("RSUs") pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan. 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 ($164.94). The RSUs under this 01/02/2024 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 01/31/2027), 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.