Republic Services, Inc. reported a Form 4 ownership update for Elyse Carlsen tied to company equity compensation activity dated July 15, 2026. The filing was signed on July 17, 2026, by Lauren McKeon as attorney-in-fact. The reported activity concerns derivative securities rather than an open-market purchase or sale of Republic Services common stock. The filing notes that Carlsen received additional restricted stock units, or RSUs, as dividend-equivalent accruals on outstanding RSU awards. These RSUs convert into Republic Services common stock on a one-for-one basis, but they will vest and settle only to the extent the underlying RSU awards vest and settle. The filing also states that a portion of Carlsen’s RSUs are held under Republic Services’ Deferred Compensation Plan. In addition, the report reflects dividend equivalents received on earned performance shares, or PSUs, under the Republic Services, Inc. 2021 Stock Incentive Plan. Those PSU-related dividend equivalents were also deferred under the company’s Deferred Compensation Plan. The document text provided does not include the transaction table showing the exact number of RSUs or PSU dividend equivalents credited, transaction codes, prices, or Carlsen’s precise beneficial ownership totals after the transactions. No cash transaction price is indicated, and the described activity appears to be a non-cash equity compensation adjustment resulting from dividend-equivalent rights attached to previously granted RSUs and earned PSUs. In practical terms, the filing signals that Carlsen’s equity-linked holdings in Republic Services increased through plan-based dividend accruals, not through discretionary trading. Such Form 4 updates matter because dividend-equivalent credits can incrementally increase an insider’s future share ownership, particularly when awards vest or deferred compensation is later settled into common stock.