REPUBLIC SERVICES, INC. — Director's Dealing 2025

Feb 21, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REPUBLIC SERVICES, INC. (RSG)
CIK: 0001060391
Period of Report: 2025-02-18

Reporting Person: Richardson Larson (SVP Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-18	Common Stock	A	1963	—	Acquired	4598	Direct
2025-02-18	Common Stock	F	887	$228.55	Disposed	3711	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-18	Restricted Stock Units	$	A	919	Acquired		Common Stock (919)	Direct
2025-02-18	PSU Shares Deferred to DCP	$	A	653	Acquired		Common Stock (653)	Direct

Footnotes

F1: 2,616 performance shares ("PSUs") were earned as of 02/18/2025 pursuant to the Republic Services, Inc. 2021 Stock Incentive Plan based on Republic's closing stock price on 02/18/2025 ($228.55). The Reporting Person elected to defer 25% of the grant (653 PSUs) pursuant to the Republic Services, Inc. Deferred Compensation Plan ("DCP").

F2: Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the settlement of performance shares on 02/18/2025. The fair market value of the exchanged shares was $228.55 (the closing price of Republic Services, Inc.'s common stock on 02/18/2025).

F3: Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc.'s 2021 Stock Incentive Plan. The award will vest 25% on each of the first four anniversaries of the date of grant (which date of grant is 02/18/2025) and each RSU ultimately will be paid out in the form of one share of Republic's common stock. The number of RSUs was calculated based on Republic's closing stock price on 02/18/2025 ($228.55).