RSG REPUBLIC SERVICES, INC. Insider Trading

Cascade Investment (10% owner) bought 488,000 shares at RSG for $101,838,396.17 across 14 trades, May 14–18.

Cascade Investment, LLC purchased 488,000 shares totaling $101,838,396.17 across 14 separate transactions between May 14 and May 18, 2026, at prices ranging from $206.71 to $215.11—near the current price of $214.52 but -17.1% from the 52-week high of $258.75. The multi-tranche structure over five days suggests a methodical accumulation by a major shareholder whose holdings increased from 110,315,982 shares to 110,803,982 shares. However, Cascade's prior buy at RSG on 2025-08-19 experienced a 90-day return of -10.7%, and across his open-market history, 0 of 1 prior buys were well-timed at the 90-day mark with an average 90-day win rate of 0.00%. The current purchase occurs at a company trading at a P/E of 30.43 with annual revenue growth of +3.3%—positioning that merits monitoring against the insider's historical lack of well-timed entry execution.

Cascade Investment, 10% owner, purchases 499,150 RSG shares across seven transactions totaling ~$100.5M while stock trades well below 52-week highs.

Cascade Investment, LLC, a 10% institutional owner of Republic Services, executed eight open-market purchases at RSG over roughly nine months, with seven transactions occurring within a single three-day window in May 2026 totaling approximately $100.5 million. The timing coincided with the stock trading meaningfully below its 52-week high and down over the prior quarter, while the company remains fundamentally profitable with steady revenue growth. However, the prior open-market purchase by Cascade at RSG on August 2025 was followed by a decline in the stock over both the 30-day and 90-day periods, establishing a pattern of uniformly poor timing on previous open-market buys at this ticker. The scale of this accumulation—adding roughly half a million shares to an existing position of over 109 million—represents significant capital deployment by the institutional holder, though the repetition of buying into weakness without prior success raises questions about the basis for these purchases.