Ronald J. Mittelstaedt - 17 Feb 2023 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
Executive Chairman, Director
Signature
Ronald Mittelstaedt
Issuer symbol
WCN
Transactions as of
17 Feb 2023
Net transactions value
-$1,362,733
Form type
4
Filing time
22 Feb 2023, 15:20:38 UTC
Previous filing
17 Feb 2023
Next filing
12 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCN Common Shares Options Exercise $0 +878 +0.42% $0.000000 210,143 18 Feb 2023 Direct
transaction WCN Common Shares Tax liability $59,344 -436 -0.21% $136.11 209,707 18 Feb 2023 Direct F1
transaction WCN Common Shares Options Exercise $0 +1,067 +0.51% $0.000000 210,774 19 Feb 2023 Direct
transaction WCN Common Shares Tax liability $72,138 -530 -0.25% $136.11 210,244 19 Feb 2023 Direct F1
transaction WCN Common Shares Other $0 +15,529 +7.4% $0.000000 225,773 19 Feb 2023 Direct F2
transaction WCN Common Shares Tax liability $998,367 -7,335 -3.2% $136.11 218,438 19 Feb 2023 Direct F1
transaction WCN Common Shares Other $0 +3,622 +1.7% $0.000000 222,060 19 Feb 2023 Direct F2
transaction WCN Common Shares Tax liability $232,884 -1,711 -0.77% $136.11 220,349 19 Feb 2023 Direct

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 +1,837 $0.000000 1,837 17 Feb 2023 Common Shares 1,837 $0.000000 Direct F3
transaction WCN Restricted Share Units Award $0 +1,836 $0.000000 1,836 17 Feb 2023 Common Shares 1,836 $0.000000 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -878 -25% $0.000000 2,635 18 Feb 2023 Common Shares 878 $0.000000 Direct F5
transaction WCN Restricted Share Units Options Exercise $0 -1,067 -33% $0.000000 2,133 19 Feb 2023 Common Shares 1,067 $0.000000 Direct F6
transaction WCN Restricted Share Units Other $0 -15,529 -50% $0.000000 15,528 19 Feb 2023 Common Shares 15,529 $0.000000 Direct F7
transaction WCN Restricted Share Units Other $0 -3,622 -50% $0.000000 3,621 19 Feb 2023 Common Shares 3,622 $0.000000 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 first of five distributions elected by the participant.
F3 Represents an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant.
F4 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 4,590 (250% of the target number).
F5 Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 18, 2022 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 restricted share units were awarded on February 19, 2021 and vest in four equal annual installments. The common shares are reported in Table 1.
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