Robert Cloninger - Feb 15, 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 15, 2023
Transactions value $: -$27,106
Form type: 4
Date filed: 2/17/2023, 03:11 PM
Previous filing: Feb 16, 2023
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WCN	Common Shares	Options Exercise	$0	+506	+3.09%	$0.00	16.9K	Feb 15, 2023	Direct
transaction	WCN	Common Shares	Tax liability	-$27.1K	-200	-1.18%	$135.53	16.7K	Feb 15, 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	-506	-100%	$0.00^*	0	Feb 15, 2023	Common Shares	506	$0.00	Direct	F2

* 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 restricted share units into common shares of the Issuer. The performance-based restricted share unit award was granted on February 15, 2019 and contained a performance target that was achieved by the Issuer over the one fiscal year period that ended December 31, 2019. 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.

Content

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.

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 15, 2019 and contained a performance target that was achieved by the Issuer over the one fiscal year period that ended December 31, 2019. 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.