Summary
Republic Services, Inc. (RSG) filed an 8-K on January 9, 2015, to disclose the adoption of new forms for equity-based compensation. Specifically, the Management Development and Compensation Committee of the Board of Directors approved a Form of Performance Share Agreement and a Form of Employee Restricted Stock Unit Agreement – Senior Executive. These forms will govern future equity grants to senior executives.
Key Highlights
- 1Republic Services adopted new forms for equity-based compensation on January 7, 2015.
- 2The approved agreements include a Form of Performance Share Agreement.
- 3A Form of Employee Restricted Stock Unit Agreement – Senior Executive was also adopted.
- 4These agreements will be used for future grants to senior executives.
- 5The filing is primarily administrative, detailing the standardization of future executive compensation structures.
- 6No immediate financial impact or operational changes are detailed in this report.
- 7The Compensation Committee of the Board of Directors is responsible for these decisions.