Republic Services EVP Receives Dividend Equivalent Units

Executive Summary

On October 19, 2026, Republic Services, Inc. ($RSG) filed a Form 4 reporting acquisitions by Brian A. Bales, EVP and Chief Development Officer. The reported transactions took place on October 15, 2026, and represent routine accruals of dividend equivalents on existing equity compensation and deferred compensation holdings.

Transaction Breakdown

The transactions were coded as 'A' (Grant, award, or other acquisition) and correspond to dividend reinvestment equivalents at a price of $229.65 per share:

1. Restricted Stock Units (RSUs): 196.90 units accrued as dividend equivalents on outstanding RSUs (Post-transaction balance: 67,697.01).
2. Stock Units (Deferred Compensation): 82.25 units credited under the Republic Services Stock Investment Fund measurement fund (Post-transaction balance: 28,272.25).
3. Performance Shares (PSUs): 116.56 units credited as dividend equivalents on earned PSUs under the Deferred Compensation Plan (Post-transaction balance: 40,066.56).

Market & Trading Significance

This filing holds Low market significance. These acquisitions do not reflect open-market purchasing decisions or discretionary insider sentiment, but rather mandatory or automatic dividend equivalent credits under the company's equity incentive and deferred compensation plans.