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

Signature
Ronald Mittelstaedt
Stock symbol
WCN
Transactions as of
Feb 16, 2024
Transactions value $
-$1,884,173
Form type
4
Date filed
2/21/2024, 04:17 PM
Previous filing
Feb 16, 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% $0.00 221K Feb 17, 2024 Direct
transaction WCN Common Shares Tax liability -$30.4K -181 -0.08% $167.87 221K Feb 17, 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +1.94K +0.88% $0.00 223K Feb 17, 2024 Direct
transaction WCN Common Shares Tax liability -$128K -764 -0.34% $167.87 222K Feb 17, 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +879 +0.4% $0.00 223K Feb 18, 2024 Direct
transaction WCN Common Shares Tax liability -$58.1K -346 -0.16% $167.87 223K Feb 18, 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +1.07K +0.48% $0.00 224K Feb 19, 2024 Direct
transaction WCN Common Shares Tax liability -$70.5K -420 -0.19% $167.87 223K Feb 19, 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +6.17K +2.76% $0.00 230K Feb 19, 2024 Direct
transaction WCN Common Shares Tax liability -$407K -2.43K -1.06% $167.87 227K Feb 19, 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +3.62K +1.59% $0.00 231K Feb 19, 2024 Direct
transaction WCN Common Shares Tax liability -$225K -1.34K -0.58% $167.87 229K Feb 19, 2024 Direct F1
transaction WCN Common Shares Options Exercise $0 +15.5K +6.77% $0.00 245K Feb 19, 2024 Direct
transaction WCN Common Shares Tax liability -$965K -5.75K -2.35% $167.87 239K Feb 19, 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 +12.5K $0.00 12.5K Feb 16, 2024 Common Shares 12.5K $0.00 Direct F2
transaction WCN Restricted Share Unites Award $0 +12.5K $0.00 12.5K Feb 16, 2024 Common Shares 12.5K $0.00 Direct F3
transaction WCN Restricted Share Units Options Exercise $0 -459 -24.99% $0.00 1.38K Feb 17, 2024 Common Shares 459 $0.00 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -1.94K -25% $0.00 5.82K Feb 17, 2024 Common Shares 1.94K $0.00 Direct F5
transaction WCN Restricted Shares Units Options Exercise $0 -879 -33.36% $0.00 1.76K Feb 18, 2024 Common Shares 879 $0.00 Direct F6
transaction WCN Restricted Shares Units Options Exercise $0 -1.07K -49.98% $0.00 1.07K Feb 19, 2024 Common Shares 1.07K $0.00 Direct F7
transaction WCN Performance Share Units Options Exercise $0 -6.17K -100% $0.00* 0 Feb 19, 2024 Common Shares 6.17K $0.00 Direct F8
transaction WCN Restricted Share Units Options Exercise $0 -3.62K -100% $0.00* 0 Feb 19, 2024 Common Shares 3.62K $0.00 Direct F9
transaction WCN Restricted Share Units Options Exercise $0 -15.5K -100% $0.00* 0 Feb 19, 2024 Common Shares 15.5K $0.00 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.