Kevin Drohan - Mar 12, 2024 Form 4 Insider Report for CASELLA WASTE SYSTEMS INC (CWST)

Role
VP & CHIEF ACCOUNTING OFFICER
Signature
/s/ Kevin J. Drohan
Stock symbol
CWST
Transactions as of
Mar 12, 2024
Transactions value $
-$16,302
Form type
4
Date filed
3/14/2024, 04:15 PM
Previous filing
Sep 5, 2023
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWST Class A Common Stock Award $0 +533 +19.39% $0.00 3.28K Mar 12, 2024 Direct F1
transaction CWST Class A Common Stock Sale -$16.3K -173 -5.27% $94.23 3.11K Mar 13, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the award of Restricted Stock Units (RSUs) under the Casella Waste Systems, Inc. 2016 Incentive Plan. Each RSU represents a contingent right to receive one share of Casella's Class A Common Stock. RSUs vest in three equal annual installments beginning on March 12, 2025.
F2 Represents the sale of shares of Class A Common Stock pursuant to a "sell-to-cover" transaction in order to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the reporting person. This sale was effected pursuant to an automatic sell-to-cover instruction adopted by the reporting person on May 19, 2022 and August 2, 2023 and does not represent a discretionary sale by the reporting person.
F3 Represents the weighted average sales price for shares sold in multiple transactions, ranging from $94.23 to $94.28. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.