Richardson Larson, SVP of Operations at Republic Services (RSG), has filed 45 Form 4 transactions over the past year, all in a single company. The pattern is overwhelmingly one of compensation-driven activity rather than discretionary trading. Across all filings, Larson has recorded zero open-market purchases and zero open-market sales; the $525,954 in total sell value is entirely attributable to "F" codes, where shares are withheld to cover tax obligations on vested equity. These automatic dispositions cluster around vesting dates in February and March 2026, with the largest single event on February 19, 2026, at $224,954, followed by a $29,083 withholding on March 1. Smaller F-code transactions in the $7,700 to $24,900 range appear alongside option exercises (M codes) valued at $0, indicating the exercise price matched the market price at execution.
The remaining activity consists of "A" codes—grants and awards that represent compensation rather than conviction. These recur quarterly, with values ranging from roughly $210 to $4,455, including awards on January 15, April 15, and July 15, 2026. The most recent filings, dated July 15, 2026, show three A-code grants totaling about $5,977, with no accompanying sales. That absence of any open-market selling in the most recent period, combined with the purely mechanical nature of the F-code dispositions, suggests Larson's insider activity reflects routine equity compensation cycles rather than a directional bet on RSG stock. The total acquired value of $36,383, all from grants, further underscores that Larson has not deployed personal capital into the shares during this window.
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