Ronald Mittelstaedt - Feb 18, 2022 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Signature
Ronald Mittelstaedt
Stock symbol
WCN
Transactions as of
Feb 18, 2022
Transactions value $
-$1,472,691
Form type
4
Date filed
2/23/2022, 03:32 PM
Previous filing
Feb 16, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCN Common Shares Options Exercise $0 +1.07K +0.56% $0.00 193K Feb 19, 2022 Direct
transaction WCN Common Shares Tax liability -$64.1K -530 -0.27% $121.00 193K Feb 19, 2022 Direct F1
transaction WCN Common Shares Options Exercise $0 +5.23K +2.72% $0.00 198K Feb 20, 2022 Direct
transaction WCN Common Shares Tax liability -$314K -2.6K -1.31% $121.00 195K Feb 20, 2022 Direct F1
transaction WCN Common Shares Other $0 +15.5K +7.95% $0.00 211K Feb 20, 2022 Direct F2
transaction WCN Common Shares Tax liability -$887K -7.33K -3.48% $121.00 204K Feb 20, 2022 Direct F1
transaction WCN Common Shares Other $0 +3.62K +1.78% $0.00 207K Feb 20, 2022 Direct F2
transaction WCN Common Shares Tax liability -$207K -1.71K -0.83% $121.00 205K Feb 20, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WCN Restricted Share Units Award $0 +3.51K $0.00 3.51K Feb 18, 2022 Common Shares 3.51K $0.00 Direct F3
transaction WCN Restricted Share Units Award $0 +3.51K $0.00 3.51K Feb 18, 2022 Common Shares 3.51K $0.00 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -1.07K -25.01% $0.00 3.2K Feb 19, 2022 Common Stock 1.07K $0.00 Direct F5
transaction WCN Restricted Share Units Options Exercise $0 -5.23K -100% $0.00* 0 Feb 20, 2022 Common Shares 5.23K $0.00 Direct F6
transaction WCN Restricted Share Units Other $0 -15.5K -33.33% $0.00 31.1K Feb 20, 2022 Common Shares 15.5K $0.00 Direct F7
transaction WCN Restricted Share Units Other $0 -3.62K -33.33% $0.00 7.24K Feb 20, 2022 Common Shares 3.62K $0.00 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the Issuer in satisfaction of the applicable withholding taxes due in connection with the vesting of restricted share units and delivery of the converted common shares.
F2 Represents the conversion of restricted share units into common shares of the Issuer. These restricted share units were previously vested and deferred under the Issuer's Deferred Compensation Plan. They are scheduled to be distributed pursuant to a multi-year installment method election as a result of the participant's transition from Chief Executive Officer of the Issuer to its Executive Chairman. The distribution represents the third of five distributions elected by the participant.
F3 Represents an award of performance-based restricted share units. The target number of units is presented in the table. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the number of units that actually vest at the end of the three-year performance period will be 0% to 250% of the scheduled amount, depending on the extent to which the Issuer meets or exceeds certain performance goals at the end of each year during the performance period. The maximum number of units that may vest at the end of the three-year performance period is 8,780 (250% of the target number).
F4 Represents an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant.
F5 Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 19, 2021 and vest in four equal annual installments. The common shares are reported in Table 1.
F6 Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The performance-based restricted share unit award was granted on February 20, 2018 and contained a performance target that was achieved by the Issuer over the one fiscal year period that ended December 31, 2018. As a result, the award shall vest 25% per year over the four-year period following the date of grant. The common shares are reported on Table I.
F7 The deferred restricted share unit award was granted on 2/11/2010 and vested 25% per year over the four-year period following the date of grant.
F8 The deferred restricted share unit award was granted on 2/25/2013 and vested 25% per year over the four-year period following the date of grant