Republic Services management check
RSG · Industrials · Environmental & Facilities Services · CEO Mr. Vander Ark
Filings as of
3 good · 2 to watch · 0 flagged, across the seven questions below.
- n/a
Have owners done well?
Not enough dataNo shareholder-return figures in the latest proxy.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.27 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.7% of net income$14.9m of reported pay in fiscal 2025, against $2.1bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $458k sold in six months.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.7% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Slager, Mr. Vander Ark. 3 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | — | — | 55 |
| Pay for performance | 36 | 86 | |
| CEO cost | 63 | 48 | |
| Skin in the game | — | — | 55 |
| Dilution | 59 | 62 | |
| Stable leadership | 60 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Environmental & Facilities Services, by management score. Republic Services is 47th of 81 in its sector.
- 251CARRCarrier Global64
- 262RSGRepublic Services64
- 271PAYXPaychex63
- 300WMWaste Management61
- 336VLTOVeralto59
- 370ROLRollins, Inc.56
Pay versus performance
From the proxy statement filed March 24, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Vander Ark | $14.9m | $14.9m | $3.4m | $234 | — | $2.1bn |
| 2024 | Mr. Vander Ark | $12.8m | $20.2m | $3.3m | $220 | — | $2.0bn |
| 2023 | Mr. Vander Ark | $11.3m | $18.7m | $3.4m | $179 | — | $1.7bn |
| 2022 | Mr. Vander Ark | $9.9m | $11.5m | $3.4m | $138 | — | $1.5bn |
| 2021 | Mr. Slager, Mr. Vander Ark | $15.0m | $35.7m | $3.4m | $147 | — | $1.3bn |
The board says pay is tied most to adjusted free cash flow. Its other key measures: Adjusted Earnings Per Share, Adjusted Free Cash Flow, Cash Flow Value Creation, Return on Invested Capital, Total Shareholder Return.
Insiders and the CEO's stake
Light activity: no buys, $458k sold in six months.
- SoldSandra M VolpeDirector$380kJun 11, 2026
- SoldElyse CarlsenCAO$78kMay 19, 2026
Leadership and governance on file
- Feb 12, 2026Leadership change8-K 5.02
- Mar 4, 2024Leadership change8-K 5.02
- Feb 8, 2024Leadership change8-K 5.02
- Aug 31, 2023Leadership change8-K/A 5.02
- Aug 18, 2023Leadership change8-K 5.02
- Jul 27, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 11, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $5.3bn returned to owners in buybacks and dividends, 61% of net income, and $179.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.3bn | $13.5bn | $15.0bn | $16.0bn | $16.6bn |
| Net income | $1.3bn | $1.5bn | $1.7bn | $2.0bn | $2.1bn |
| Stock-based pay | $57.0m | $39.0m | $41.0m | $42.0m | — |
| Buybacks | $252.2m | $203.0m | $262.0m | $482.0m | $870.0m |
| Dividends | $552.6m | $593.0m | $638.0m | $687.0m | $738.0m |
| Diluted shares | 319m | 317m | 317m | 315m | 312m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.