Robert Cloninger - Feb 14, 2023 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
SR VP, Deputy General Counsel
Signature
Robert Cloninger
Stock symbol
WCN
Transactions as of
Feb 14, 2023
Transactions value $
-$175,084
Form type
4
Date filed
2/16/2023, 03:12 PM
Previous filing
Jan 12, 2023
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCN Common Shares Options Exercise $0 +2.69K +18.52% $0.00 17.2K Feb 14, 2023 Direct
transaction WCN Common Shares Tax liability -$148K -1.1K -6.39% $134.68 16.1K Feb 14, 2023 Direct F1
transaction WCN Common Shares Options Exercise $0 +512 +3.18% $0.00 16.6K Feb 14, 2023 Direct
transaction WCN Common Shares Tax liability -$27.2K -202 -1.22% $134.68 16.4K Feb 14, 2023 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 Performance Share Units Options Exercise $0 -2.69K -100% $0.00* 0 Feb 14, 2023 Common Shares 2.69K $0.00 Direct F2
transaction WCN Performance Share Units Options Exercise $0 -512 -49.95% $0.00 513 Feb 14, 2023 Common Shares 512 $0.00 Direct F3
* 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 upon vesting of a performance-based restricted share unit award into common shares of the Issuer. The award was granted on February 14, 2020 and contained performance goals that the Issuer achieved over the three-year performance period from January 1, 2020 to December 31, 2022. The number of earned award units that vested at the end of the three-year performance period, as determined by the Compensation Committee of the Issuer's Board of Directors, was 131% of the target number of shares subject to the award. The common shares are reported on Table 1.
F3 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 14, 2020 and contained a performance target that was achieved by the Issuer over the one fiscal year period that ended December 31, 2020. 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 1.