Ronald J. Mittelstaedt - 16 Feb 2024 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Signature
Ronald Mittelstaedt
Issuer symbol
WCN
Transactions as of
16 Feb 2024
Net transactions value
-$1,884,173
Form type
4
Filing time
21 Feb 2024, 16:17:50 UTC
Previous filing
16 Feb 2024
Next filing
08 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WCN Common Shares Options Exercise $0 +459 +0.21% $0.000000 221,210 17 Feb 2024 Direct
transaction WCN Common Shares Tax liability $30,384 -181 -0.08% $167.87 221,029 17 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +1,941 +0.88% $0.000000 222,970 17 Feb 2024 Direct
transaction WCN Common Shares Tax liability $128,253 -764 -0.34% $167.87 222,206 17 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +879 +0.4% $0.000000 223,085 18 Feb 2024 Direct
transaction WCN Common Shares Tax liability $58,083 -346 -0.16% $167.87 222,739 18 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +1,066 +0.48% $0.000000 223,805 19 Feb 2024 Direct
transaction WCN Common Shares Tax liability $70,505 -420 -0.19% $167.87 223,385 19 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +6,166 +2.8% $0.000000 229,551 19 Feb 2024 Direct
transaction WCN Common Shares Tax liability $407,420 -2,427 -1.1% $167.87 227,124 19 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +3,621 +1.6% $0.000000 230,745 19 Feb 2024 Direct
transaction WCN Common Shares Tax liability $224,946 -1,340 -0.58% $167.87 229,405 19 Feb 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +15,528 +6.8% $0.000000 244,933 19 Feb 2024 Direct
transaction WCN Common Shares Tax liability $964,581 -5,746 -2.3% $167.87 239,187 19 Feb 2024 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 Shares Units Award $0 +12,450 $0.000000 12,450 16 Feb 2024 Common Shares 12,450 $0.000000 Direct F2
transaction WCN Restricted Share Unites Award $0 +12,450 $0.000000 12,450 16 Feb 2024 Common Shares 12,450 $0.000000 Direct F3
transaction WCN Restricted Share Units Options Exercise $0 -459 -25% $0.000000 1,378 17 Feb 2024 Common Shares 459 $0.000000 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -1,941 -25% $0.000000 5,824 17 Feb 2024 Common Shares 1,941 $0.000000 Direct F5
transaction WCN Restricted Shares Units Options Exercise $0 -879 -33% $0.000000 1,756 18 Feb 2024 Common Shares 879 $0.000000 Direct F6
transaction WCN Restricted Shares Units Options Exercise $0 -1,066 -50% $0.000000 1,067 19 Feb 2024 Common Shares 1,066 $0.000000 Direct F7
transaction WCN Performance Share Units Options Exercise $0 -6,166 -100% $0.000000* 0 19 Feb 2024 Common Shares 6,166 $0.000000 Direct F8
transaction WCN Restricted Share Units Options Exercise $0 -3,621 -100% $0.000000* 0 19 Feb 2024 Common Shares 3,621 $0.000000 Direct F9
transaction WCN Restricted Share Units Options Exercise $0 -15,528 -100% $0.000000* 0 19 Feb 2024 Common Shares 15,528 $0.000000 Direct F9
* 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 31,125 (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 May 12, 2023 under the Reporting Person's letter agreement with the Issuer dated April 23, 2023. The award will vest in four equal annual installments on each of the anniversaries of February 17, 2023. 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 18, 2022 and vest in four equal annual installments. The common shares are reported in Table 1.
F7 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.
F8 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.
F9 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 final distribution elected by the participant.