Ronald J. Mittelstaedt - 14 Feb 2025 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
President & CEO, Director
Signature
Ronald Mittelstaedt
Issuer symbol
WCN
Transactions as of
14 Feb 2025
Net transactions value
-$613,278
Form type
4
Filing time
19 Feb 2025, 16:22:34 UTC
Previous filing
02 Dec 2024
Next filing
21 Feb 2025
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 +3,113 +1.4% $0.000000 231,300 16 Feb 2025 Direct
transaction WCN Common Shares Tax liability $143,292 -758 -0.33% $189.04 230,542 16 Feb 2025 Direct F1
transaction WCN Common Shares Options Exercise $0 +460 +0.2% $0.000000 231,002 17 Feb 2025 Direct
transaction WCN Common Shares Tax liability $27,600 -146 -0.06% $189.04 230,856 17 Feb 2025 Direct F1
transaction WCN Common Shares Options Exercise $0 +1,942 +0.84% $0.000000 232,798 17 Feb 2025 Direct
transaction WCN Common Shares Tax liability $89,416 -473 -0.2% $189.04 232,325 17 Feb 2025 Direct F1
transaction WCN Common Shares Options Exercise $0 +878 +0.38% $0.000000 233,203 18 Feb 2025 Direct
transaction WCN Common Shares Tax liability $64,927 -346 -0.15% $187.65 232,857 18 Feb 2025 Direct F1
transaction WCN Common Shares Options Exercise $0 +3,990 +1.7% $0.000000 236,847 18 Feb 2025 Direct
transaction WCN Common Shares Tax liability $288,043 -1,535 -0.65% $187.65 235,312 18 Feb 2025 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 +14,021 $0.000000 14,021 14 Feb 2025 Common Shares 14,021 $0.000000 Direct F2
transaction WCN Restricted Share Units Award $0 +14,021 +100% $0.000000 28,042 14 Feb 2025 Common Shares 14,021 $0.000000 Direct F3
transaction WCN Restricted Share Units Options Exercise $0 -3,113 -25% $0.000000 9,337 16 Feb 2025 Common Shares 3,113 $0.000000 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -460 -33% $0.000000 918 17 Feb 2025 Common Shares 460 $0.000000 Direct F5
transaction WCN Restricted Share Units Options Exercise $0 -1,942 -33% $0.000000 3,882 17 Feb 2025 Common Shares 1,942 $0.000000 Direct F6
transaction WCN Restricted Share Units Options Exercise $0 -878 -50% $0.000000 878 18 Feb 2025 Common Shares 878 $0.000000 Direct F7
transaction WCN Performance Share Units Options Exercise $0 -3,990 -100% $0.000000 0 18 Feb 2025 Common Shares 3,990 $0.000000 Direct F8
* 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 35,052 (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 16, 2024 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 17, 2023 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 May 12, 2023 under the Reporting Person's letter agreement with a subsidiary of the Issuer dated April 23, 2023. The award shall vest in four equal annual installments on each of the anniversaries of February 17, 2023. 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 18, 2022 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 18, 2022 and contained performance goals that the Issuer achieved over the three-year performance period from January 1, 2022 to December 31, 2024. 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 113.6% of the target number of shares subject to the award. The common shares are reported on Table 1.