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

Role: President & CEO, Director
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).

Content

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.

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).