JAMES LITTLE - 14 Feb 2023 Form 4 Insider Report for Waste Connections, Inc. (WCN)

Role
Executive VP Engineering
Signature
James Little
Issuer symbol
WCN
Transactions as of
14 Feb 2023
Transactions value $
-$224,512
Form type
4
Filing time
16 Feb 2023, 15:18:13 UTC
Previous filing
23 Feb 2022
Next filing
17 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 +5.63K +21.49% $0.00 31.8K 14 Feb 2023 Direct
transaction WCN Common Shares Tax liability -$189K -1.41K -4.41% $134.68 30.4K 14 Feb 2023 Direct F1
transaction WCN Common Shares Options Exercise $0 +1.08K +3.53% $0.00 31.5K 14 Feb 2023 Direct
transaction WCN Common Shares Tax liability -$35.3K -262 -0.83% $134.68 31.3K 14 Feb 2023 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 Performance Share Units Options Exercise $0 -5.63K -100% $0.00* 0 14 Feb 2023 Common Shares 5.63K $0.00 Direct F2
transaction WCN Performance Share Units Options Exercise $0 -1.08K -50% $0.00 1.08K 14 Feb 2023 Common Shares 1.08K $0.00 Direct F3
* 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 the conversion upon vesting of a performance-based restricted share unit award into common shares of the Issuer. The award was granted on February 14, 2020 and contained performance goals that the Issuer achieved over the three-year performance period from January 1, 2020 to December 31, 2022. 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 131% of the target number of shares subject to the award. The common shares are reported on Table 1.
F3 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 14, 2020 and contained a performance target that was achieved by the Issuer over the one fiscal year period that ended December 31, 2020. 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 1.