JAMES LITTLE - 18 Feb 2022 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
Executive VP Engineering
Signature
James Little
Issuer symbol
WCN
Transactions as of
18 Feb 2022
Transactions value $
-$132,616
Form type
4
Filing time
23 Feb 2022, 15:32:11 UTC
Previous filing
16 Feb 2022
Next filing
16 Feb 2023
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 +1.38K +5.63% $0.00 25.9K 19 Feb 2022 Direct
transaction WCN Common Shares Tax liability -$65.8K -544 -2.1% $121.00 25.4K 19 Feb 2022 Direct F1
transaction WCN Common Shares Options Exercise $0 +1.4K +5.53% $0.00 26.8K 20 Feb 2022 Direct
transaction WCN Common Shares Tax liability -$66.8K -552 -2.06% $121.00 26.2K 20 Feb 2022 Direct F1
holding WCN Common Shares 12.6K 18 Feb 2022 Spouse

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 +4.9K $0.00 4.9K 23 Feb 2022 Common Shares 4.9K $0.00 Direct F2
transaction WCN Restricted Share Units Award $0 +4.9K $0.00 4.9K 18 Feb 2022 Common Shares 4.9K $0.00 Direct F3
transaction WCN Restricted Share Units Options Exercise $0 -1.38K -25% $0.00 4.14K 19 Feb 2022 Common Shares 1.38K $0.00 Direct F4
transaction WCN Restricted Share Units Options Exercise $0 -1.4K -100% $0.00* 0 20 Feb 2022 Common Shares 1.4K $0.00 Direct F5
* 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 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 12,240 (250% of the target number).
F3 Represents an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant.
F4 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.
F5 Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The performance-based restricted share unit award was granted on February 20, 2018 and contained a performance target that was achieved by the Issuer over the one fiscal year period that ended December 31, 2018. As a result, the award shall vest 25% per year over the four-year period following the date of grant. The common shares are reported on Table I.