Timothy E. Stuart - 14 Apr 2022 Form 4 Insider Report for REPUBLIC SERVICES, INC. (RSG)

Role: COO
Signature: /s/ Eileen B. Schuler Attorney-in-Fact
Issuer symbol: RSG
Transactions as of: 14 Apr 2022
Net transactions value: +$31,983
Form type: 4
Filing time: 18 Apr 2022, 21:49:58 UTC
Previous filing: 11 Apr 2022
Next filing: 09 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RSG	Common Stock	Options Exercise	$0	+136	+0.39%	$0.000000	34,735	14 Apr 2022	Direct	F1
transaction	RSG	Common Stock	Tax liability	$7,963	-60	-0.17%	$132.71	34,675	14 Apr 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	RSG	Restricted Stock Units	Award	$33,576	+253	+0.75%	$132.71	33,974	14 Apr 2022	Common Stock	253		Direct	F2, F3, F4
transaction	RSG	Restricted Stock Units	Options Exercise	$0	-136	-100%	$0.000000^*	0	14 Apr 2022	Common Stock	136		Direct	F1, F2, F4
transaction	RSG	Stock Units	Award	$6,370	+48	+0.35%	$132.71	13,924	14 Apr 2022	Common Stock	48		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.