Susan Netherton - Feb 17, 2023 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
SR VP People, Training & Dev
Signature
Susan Netherton
Stock symbol
WCN
Transactions as of
Feb 17, 2023
Transactions value $
-$73,227
Form type
4
Date filed
2/22/2023, 03:21 PM
Previous filing
Feb 17, 2023
Next filing
Aug 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCN Common Shares Options Exercise $0 +636 +6.53% $0.00 10.4K Feb 18, 2023 Direct
transaction WCN Common Shares Tax liability -$34.2K -251 -2.42% $136.11 10.1K Feb 18, 2023 Direct F1
transaction WCN Common Shares Options Exercise $0 +729 +7.2% $0.00 10.9K Feb 19, 2023 Direct
transaction WCN Common Shares Tax liability -$39.1K -287 -2.64% $136.11 10.6K Feb 19, 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 Restricted Share Units Award $0 +2.11K $0.00 2.11K Feb 17, 2023 Common Shares 2.11K $0.00 Direct F2
transaction WCN Restricted Share Units Award $0 +2.11K $0.00 2.11K Feb 17, 2023 Common Shares 2.11K $0.00 Direct F3
transaction WCN Restricted Share Units Options Exercise $0 -636 -25.02% $0.00 1.91K Feb 18, 2023 Common Shares 636 $0.00 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -729 -33.36% $0.00 1.46K Feb 19, 2023 Common Shares 729 $0.00 Direct F5
* 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 an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant.
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 5,280 (250% of the target number).
F4 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.
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.