Statement of Changes in Beneficial Ownership (4)
February 25 2021 - 6:46PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Bales Brian A |
2. Issuer Name and Ticker or Trading Symbol
REPUBLIC SERVICES, INC.
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RSG
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP, Chief Development Officer |
(Last)
(First)
(Middle)
18500 NORTH ALLIED WAY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/23/2021 |
(Street)
PHOENIX, AZ 85054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/23/2021 | | A | | 7245 (1) | A | $88.96 | 21431 | D | |
Common Stock | 2/23/2021 | | D | | 2390 (2) | D | $88.96 | 19041 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (3) | 2/23/2021 | | A | | 4497 | | (3) | (3) | Common Stock | 4497 | $88.96 | 4497 | D | |
Explanation of Responses: |
(1) | Settlement of performance shares granted under the Republic Services, Inc. Amended and Restated 2007 Stock Incentive Plan based on Republic's closing stock price on 02/23/2021 ($88.96). |
(2) | Represents shares of common stock to satisfy the tax liability of the Reporting Person upon the settlement of performance shares on 02/23/2021. The fair market value of the exchanged shares was $88.96 (the closing price of Republic Services, Inc.'s common stock on 02/23/2021). |
(3) | Restricted Stock Units ("RSUs") awarded pursuant to Republic Services, Inc. 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 02/23/2021) 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 02/23/2021 ($88.96). This grant is subject to the Republic Services, Inc.'s Deferred Compensation Plan as elected by the Reporting Person. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bales Brian A 18500 NORTH ALLIED WAY PHOENIX, AZ 85054 |
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| EVP, Chief Development Officer |
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Signatures
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/s/ Eileen B. Schuler Attorney-in-Fact | | 2/25/2021 |
**Signature of Reporting Person | Date |
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