Robert Nielsen III - 13 Feb 2026 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 Feb 2026, 17:19:45 UTC
Prior SEC filing
12 Dec 2025
Next SEC filing
20 Feb 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Robert Nielsen III

Key filing fact

Robert Nielsen III filed Form 4 for Waste Connections, Inc. (WCN) on 18 Feb 2026.

Key facts

  • This page summarizes Robert Nielsen III's Form 4 filing for Waste Connections, Inc. (WCN).
  • 14 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 18 Feb 2026, 17:19.

Change

  • Previous filing in this sequence was filed on 12 Dec 2025.
  • Current net transaction value: -$196,259.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001983938 Primary reporting owner

NIELSEN III ROBERT

Relationship
SR VP Operations
Address
3 WATERWAY SQUARE PLACE, SUITE 110, THE WOODLANDS
Signature
Robert Nielsen III
Signature date
18 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WCN transaction

Common Shares

Options Exercise

Transaction value
$0
Shares
+602
Change %
+48%
Price
$0.000000
Shares after
1,852
Date
14 Feb 2026
Ownership
Direct
WCN transaction

Common Shares

Tax liability

Transaction value
$28,687
Shares
-179
Change %
-9.7%
Price
$160.26
Shares after
1,673
Date
14 Feb 2026
Ownership
Direct
Footnotes
F1
WCN transaction

Common Shares

Options Exercise

Transaction value
$0
Shares
+633
Change %
+38%
Price
$0.000000
Shares after
2,306
Date
16 Feb 2026
Ownership
Direct
WCN transaction

Common Shares

Tax liability

Transaction value
$25,001
Shares
-156
Change %
-6.8%
Price
$160.26
Shares after
2,150
Date
16 Feb 2026
Ownership
Direct
Footnotes
F1
WCN transaction

Common Shares

Options Exercise

Transaction value
$0
Shares
+551
Change %
+26%
Price
$0.000000
Shares after
2,701
Date
17 Feb 2026
Ownership
Direct
WCN transaction

Common Shares

Tax liability

Transaction value
$21,773
Shares
-135
Change %
-5%
Price
$161.28
Shares after
2,566
Date
17 Feb 2026
Ownership
Direct
Footnotes
F1
WCN transaction

Common Shares

Options Exercise

Transaction value
$0
Shares
+3,075
Change %
+120%
Price
$0.000000
Shares after
5,641
Date
17 Feb 2026
Ownership
Direct
WCN transaction

Common Shares

Tax liability

Transaction value
$120,799
Shares
-749
Change %
-13%
Price
$161.28
Shares after
4,892
Date
17 Feb 2026
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WCN transaction Derivative

Restricted Share Units

Award

Transaction value
$0
Shares
+2,905
Change %
Price
$0.000000
Shares after
2,905
Date
13 Feb 2026
Ownership
Direct
Underlying class
Common Shares
Underlying amount
2,905
Exercise price
$0.000000
Footnotes
F2
WCN transaction Derivative

Restricted Share Units

Award

Transaction value
$0
Shares
+2,905
Change %
+100%
Price
$0.000000
Shares after
5,810
Date
13 Feb 2026
Ownership
Direct
Underlying class
Common Shares
Underlying amount
2,905
Exercise price
$0.000000
Footnotes
F3
WCN transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-602
Change %
-25%
Price
$0.000000
Shares after
1,805
Date
14 Feb 2026
Ownership
Direct
Underlying class
Common Shares
Underlying amount
602
Exercise price
$0.000000
Footnotes
F4
WCN transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-633
Change %
-33%
Price
$0.000000
Shares after
1,266
Date
16 Feb 2026
Ownership
Direct
Underlying class
Common Shares
Underlying amount
633
Exercise price
$0.000000
Footnotes
F5
WCN transaction Derivative

Restricted Share Units

Options Exercise

Transaction value
$0
Shares
-551
Change %
-50%
Price
$0.000000
Shares after
551
Date
17 Feb 2026
Ownership
Direct
Underlying class
Common Shares
Underlying amount
551
Exercise price
$0.000000
Footnotes
F6
WCN transaction Derivative

Restricted Share Unirs

Options Exercise

Transaction value
$0
Shares
-3,075
Change %
-100%
Price
$0.000000
Shares after
0
Date
17 Feb 2026
Ownership
Direct
Underlying class
Common Shares
Underlying amount
3,075
Exercise price
$0.000000
Footnotes
F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote 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 7,262 (250% of the target number).

Footnote F4

Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 14, 2025 and vest in four equal annual installments. The common shares are reported in Table 1.

Footnote F5

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.

Footnote F6

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.

Footnote 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 17, 2023 and contained performance goals that the Issuer achieved over the three-year performance period from January 1, 2023 to December 31, 2025. 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 139.5% of the target number of shares subject to the award. The common shares are reported on Table 1.

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