Bales Brian A 4
4 · REPUBLIC SERVICES, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Republic Services (RSG) EVP Brian Bales Receives Award; 24 Shares Withheld
What Happened
Brian A. Bales, EVP & Chief Development Officer of Republic Services (RSG), had restricted stock units (RSUs) vest on 03/01/2026. As permitted under the company’s deferred compensation plan, 25% of the grant vested and the company withheld 24 shares to satisfy the reporting person’s tax liability. The withheld shares were valued at $229.00 each (closing price 02/27/2026), totaling $5,496. This was a routine tax-withholding on vested awards, not an open-market sale.
Key Details
- Transaction date: 2026-03-01.
- Actions reported: conversion/exercise of derivative (RSUs) (code M) and tax withholding (code F).
- Withheld: 24 shares at $229.00 per share — total value $5,496.
- Remaining deferred RSUs after vesting: 611 RSUs (per footnote).
- Footnotes: F1 explains 25% of the RSU grant vested and withholding to cover taxes; F2 clarifies each RSU equals one share.
- Filing: Reported 2026-03-02 for a 03/01/2026 transaction (filed promptly; not indicated as late).
Context
This was a net-settlement/tax-withholding related to RSU vesting — the insider did not sell shares on the open market for cash proceeds. Such withholdings are common when equity awards vest and generally reflect tax obligations rather than a trading decision.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-01+24→ 24 total - Tax Payment
Common Stock
[F1]2026-03-01$229.00/sh−24$5,496→ 0 total - Exercise/Conversion
Restricted Stock Units
[F2][F1]2026-03-01−24→ 2,397 total→ Common Stock (24 underlying)
Footnotes (2)
- [F1]The Reporting Person previously elected to defer the Restricted Stock Units ("RSUs") granted on 03/01/2024 in accordance with the Company's Deferred Compensation Plan (the "Plan"). On 03/01/2026, 25% of the grant vested and 611 RSUs remained deferred. As permitted under the Plan, the Company withheld 24 shares of Republic Services, Inc.'s common stock to satisfy tax liability of the Reporting Person. The fair market value of the exchanged shares was $229.00 (the closing price of Republic Services, Inc.'s common stock on 02/27/2026).
- [F2]Each Restricted Stock Unit represents the contingent right to one share of common stock of Republic Services, Inc.