James Little - 16 Feb 2024 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
Executive VP Engineering
Signature
James Little
Issuer symbol
WCN
Transactions as of
16 Feb 2024
Net transactions value
-$722,345
Form type
4
Filing time
21 Feb 2024, 16:17:12 UTC
Previous filing
16 Feb 2024
Next filing
11 Mar 2024
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 +916 +3.4% $0.000000 27,939 17 Feb 2024 Direct
transaction WCN Common Shares Tax liability $37,603 -224 -0.8% $167.87 27,715 17 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +1,225 +4.4% $0.000000 28,940 18 Feb 2024 Direct
transaction WCN Common Shares Tax liability $66,644 -397 -1.4% $167.87 28,543 18 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +1,379 +4.8% $0.000000 29,922 19 Feb 2024 Direct
transaction WCN Common Shares Tax liability $91,153 -543 -1.8% $167.87 29,379 19 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +7,975 +27% $0.000000 37,354 19 Feb 2024 Direct
transaction WCN Common Shares Tax liability $526,944 -3,139 -8.4% $167.87 34,215 19 Feb 2024 Direct F1
holding WCN Common Shares 14,317 16 Feb 2024 by spouse

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 +3,128 $0.000000 3,128 16 Feb 2024 Common Shares 3,128 $0.000000 Direct F2
transaction WCN Restricted Share Units Award $0 +3,127 $0.000000 3,127 16 Feb 2024 Common Shares 3,127 $0.000000 Direct F3
transaction WCN Restricted Share Units Options Exercise $0 -916 -25% $0.000000 2,749 17 Feb 2024 Common Shares 916 $0.000000 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -1,225 -33% $0.000000 2,448 18 Feb 2024 Common Shares 1,225 $0.000000 Direct F5
transaction WCN Restricted Share Units Options Exercise $0 -1,379 -50% $0.000000 1,380 19 Feb 2024 Common Shares 1,379 $0.000000 Direct F6
transaction WCN Restricted Share Units Options Exercise $0 -7,975 -100% $0.000000* 0 19 Feb 2024 Common Shares 7,975 $0.000000 Direct F7
* 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 7,817 (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 17, 2023 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 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 Represents the conversion upon vesting of a performance-based restricted share unit award into common shares of the Issuer. The award was granted on February 19, 2021 and contained performance goals that the Issuer achieved over the three-year performance period from January 1, 2021 to December 31, 2023. The number of earned award units that vested at the end of the three-year performance period, as determined by the Compensation Committee of the Issuer's Board of Directors, was 144.5% of the target number of shares subject to the award. The common shares are reported on Table 1.