Casella Waste Systems (CWST) president logs PSU vesting and tax sell-to-cover
Rhea-AI Filing Summary
Casella Waste Systems president Edmond Coletta reported a performance-based equity vesting and related tax sale. On February 26, 2026, Coletta acquired 9,810 shares of Class A Common Stock at $0.00 per share upon vesting of performance-based stock units granted on March 10, 2023, after achievement of specified 2025 performance objectives and a total shareholder return multiplier for 2023–2025.
On February 27, 2026, 3,812 shares were sold in an open-market “sell-to-cover” transaction at a weighted average price of about $93.70 per share, solely to satisfy tax withholding obligations under an automatic instruction adopted on August 2, 2023, and not as a discretionary sale. Following these transactions, Coletta directly owned 147,091 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,812 | $93.70 | $357K |
| Grant/Award | Class A Common Stock | 9,810 | $0.00 | -- |
Footnotes (1)
- Represents shares of Class A Common Stock acquired by the reporting person upon the vesting of performance-based stock units (PSUs) granted to the reporting person on March 10, 2023, as a result of the level of achievement by Casella Waste Systems, Inc. of certain performance objectives during the period running from January 1, 2025 through December 31, 2025, and a multiplier based on relative total shareholder return for the period running from January 1, 2023 to December 31, 2025, as certified by the issuer's compensation and human capital committee on February 26, 2026. 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 PSUs previously granted to the reporting person on March 10, 2023. This sale was effected pursuant to an automatic sell-to-cover instruction adopted by the reporting person on August 2, 2023 and does not represent a discretionary sale by the reporting person. Represents the weighted average sales price for shares sold in multiple transactions, ranging from $93.69 to $93.86. 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.