Republic Services (RSG) has released an update to notify the public and investors about its officers.
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Republic Services, Inc. has strengthened its corporate governance by appointing Tom Linebarger to its Board of Directors, where he will contribute to the Audit and Sustainability & Corporate Responsibility Committees. Linebarger’s compensation aligns with the company’s standard non-employee director terms, including pro-rated restricted stock units valued at $230,000 annually and a $100,000 retainer. These stock units, which vest immediately, will be converted into common stock upon his departure from the Board or after three years, with the option to defer into a compensation plan. His selection was made independently, with no material personal interests in company transactions.
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For a comprehensive understanding of the announcement, you can read the full document here.
