Cascade Investment, L.L.C. and associated reporting person William H. Gates III filed a Form 4 on August 24, 2026, disclosing purchases of Republic Services, Inc. common stock totaling 400,286 shares across six transactions on August 20 and 21, 2026.

Key Highlights

  • Reporting entity: Cascade Investment, L.L.C., identified as a 10% owner of Republic Services, Inc. (NYSE:RSG), along with William H. Gates III at the same address.
  • Total shares acquired: 400,286 shares of common stock purchased across six reported transactions over two trading days.
  • Resulting ownership: Following all reported transactions, Cascade Investment directly holds 112,803,911 shares of Republic Services common stock.
  • Weighted-average prices: Per-transaction weighted-average prices ranged from $219.5873 to $221.775, with all transactions executed in multiple trades.
  • Transaction codes: All six transactions carry code "P" (open-market purchase), with ownership reported as direct.
  • No derivative securities: Table II, covering derivative securities, contains no reported transactions.

Cascade Investment Adds to Republic Services Position in Two-Day Purchase Series

According to the filing, Cascade Investment, L.L.C., located at 2365 Carillon Point, Kirkland, Washington 98033, executed six open-market purchases of Republic Services, Inc. common stock on August 20 and 21, 2026. On August 20, three separate transactions acquired 127,199 shares at a weighted-average price of $219.922, 78,026 shares at $220.7431, and 3,700 shares at $221.775. Each of these transactions was executed across multiple individual trades, with actual per-share prices ranging within stated bands for each tranche.

On August 21, 2026, three additional purchases were reported: 9,038 shares at a weighted-average price of $219.5873, 181,392 shares at $220.377, and 931 shares at $220.9103. Again, the filing notes each transaction was executed in multiple trades, and the prices listed represent weighted averages. The reporting person stated it "undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected."

Following all six reported transactions, the filing discloses that Cascade Investment directly holds 112,803,911 shares of Republic Services common stock. Both Cascade Investment, L.L.C. and William H. Gates III are listed as reporting persons and identified as 10% owners. The form was signed by Alan Heuberger as attorney-in-fact for both parties and filed on August 24, 2026. No derivative securities activity was reported.

What Was Disclosed

Cascade Investment, L.L.C. and William H. Gates III reported six open-market purchases of Republic Services, Inc. common stock totaling 400,286 shares on August 20-21, 2026, bringing direct beneficial ownership to 112,803,911 shares.