v3.25.0.1
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of restricted stock unit and restricted stock activity
The following table summarizes restricted stock unit (RSU) activity for the years ended December 31, 2024, 2023 and 2022:
Number of
RSUs
(in thousands)
Weighted-Average
Grant Date Fair
Value per Share
Weighted-Average
Remaining
Contractual Term
(years)
Aggregate
Intrinsic
Value
(in millions)
Unissued as of December 31, 2021
1,091 $77.19 
Granted259 $122.54 
Vested and issued(388)$74.34 
Forfeited(48)$110.92 
Unissued as of December 31, 2022
914 $85.43 
Granted250 $133.03 
Vested and issued(208)$95.24 
Forfeited(41)$117.54 
Unissued as of December 31, 2023
915 $93.35 
Granted184 $184.28 
Vested and issued(228)$102.81 
Forfeited(30)$139.24 
Unissued as of December 31, 2024
841 $107.81 0.7$169.20 
Vested and unissued as of December 31, 2024
415 $70.32 
Schedule of performance shares award outstanding activity
The following table summarizes performance stock unit (PSU) activity for the years ended December 31, 2024, 2023 and 2022:
Number of
PSUs
(in thousands)
Weighted Average
Grant Date Fair
Value per Share
Outstanding as of December 31, 2021
857 $84.79 
Granted157 $124.29 
Vested and issued(234)$76.24 
Forfeited(24)$109.62 
Outstanding as of December 31, 2022
756 $95.19 
Granted200 $138.03 
Vested and issued(227)$100.06 
Forfeited(41)$123.30 
Outstanding as of December 31, 2023
688 $101.48 
Granted281 $142.50 
Vested and issued(420)$90.54 
Forfeited(25)$136.27 
Outstanding and Exercisable as of December 31, 2024
524 $125.70 
Schedule of individually significant multiemployer pension plans
Republic’s participation in individually significant multiemployer pension plans for the year ended December 31, 2024 is outlined in the table below. Only with respect to multiemployer pension plans, we considered contributions in excess of $10 million in any period disclosed to be individually significant. The most recent PPA zone status available in 2024 and 2023 is for the plans’ year ended September 30, or December 31, 2023 and 2022, respectively. The status is based on information that Republic received from the plans and is certified by the plans’ actuary. Among other factors, plans in the critical red zone are generally less than 65% funded, plans in the endangered yellow zone are less than 80% funded and plans in the safe green zone are at least 80% funded. Plans in the critical and declining zone are classified as critical and projected to be insolvent in the current year or any of the 14 following plan years. The last column lists the expiration dates of the CBAs to which the plans are subject.
  Pension Protection
Act Zone Status
Funding
Improvement
or Rehabilitation
Plan Status
Pending /
Republic
Contributions to Plan
SurchargeExpiration Dates
Legal Plan NameEIN20242023Implemented202420232022Imposedof CBAs
Western Conference of
  Teamsters Pension Plan
91-6145047SafeSafeNo$75 $70 $61 NoVarious dates through 9/30/2029
All other plansN/AN/AN/AN/A29 29 25 N/A
Total$104 $99 $86