Ronald J. Mittelstaedt - May 12, 2023 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Signature
Ronald Mittelstaedt
Stock symbol
WCN
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/12/2023, 04:14 PM
Previous filing
Feb 22, 2023
Next filing
Feb 8, 2024

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 +7.77K +422.7% $0.00 9.6K May 12, 2023 Common Shares 7.77K $0.00 Direct F1
transaction WCN Restricted Share Units Award $0 +7.77K +422.98% $0.00 9.6K May 12, 2023 Common Shares 7.77K $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 a supplemental award of restricted share units under the Reporting Person's letter agreement with the Issuer's affiliate, dated April 23, 2023. The award will vest 25% per year on each of the first anniversaries of February 17, 2023.
F2 Represents a supplemental award of performance-based restricted share units under the Reporting Person's letter agreement with the Issuer's affiliate, dated April 23, 2023. 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 beginning January 1, 2023 will be 0% - 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 19,415 (250% of the target number).