Bales Brian A

Three small option-exercise-and-withhold events at Republic Services, spaced across a single week in February 2026, trace a real price decline: $225.97 on February 11, $221.19 on February 17, and $216.84 on February 18 — roughly a 4% drop in a matter of days. Zoom out and that's a footnote inside Brian Bales's much larger, steadier pattern: three parallel quarterly award tranches at Republic Services (currently 114, 80, and 193 shares) that have barely changed in size since January. At RB Global — the renamed Ritchie Bros Auctioneers, where Bales holds a second board seat — small quarterly grants of 5-8 shares are punctuated by one much larger annual award of 1,965 shares in May 2026. A third relationship, IAA, Inc., closed in 2023.