Waste Connections (NYSE: WCN) SVP details RSU and share holdings
Rhea-AI Filing Summary
Waste Connections, Inc. executive Derek M. Dague, Senior Vice President, Performance Optimization, reports direct ownership of equity awards and common shares. His holdings include time-based restricted share units covering 156, 372, 397 and 858 common shares that vest in four equal annual installments starting one year after grant, plus performance-based restricted share units targeting 529 and 858 common shares, with maximum vesting of up to 1,322 and 2,145 units, respectively, over their three-year performance periods. He also directly holds 1,773 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Dague Derek M
Role
SR VP PERFORMANCE OPTIMIZATION
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units F1 | -- | -- | -- |
| holding | Restricted Share Units F2 | -- | -- | -- |
| holding | Restricted Share Units F3 | -- | -- | -- |
| holding | Restricted Share Units F4 | -- | -- | -- |
| holding | Restricted Share Units F5 | -- | -- | -- |
| holding | Restricted Share Units F6 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 3,170 shares (Direct);
Common Shares — 1,773 shares (Direct)
Footnotes (6)
- F1. The restricted share units were awarded on February 17, 2023. The award vests in four equal annual installments commencing on the first anniversary of the date of award.
- F2. The restricted share units were awarded on February 16, 2024. The award vests in four equal annual installments commencing on the first anniversary of the date of award.
- F3. The restricted share units were awarded on February 14, 2025. The award vests in four equal annual installments commencing on the first anniversary of the date of award.
- F4. Represents performance-based restricted share units awarded on February 14, 2025. 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 during the performance period. The maximum number of units that may vest at the end of the three-year performance period is 1,322 (250% of the target number).
- F5. The restricted share units were awarded on February 13, 2026. The award vests in four equal annual installments commencing on the first anniversary of the date of award.
- F6. Represents performance-based restricted share units awarded on February 13, 2026. 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 during the performance period. The maximum number of units that may vest at the end of the three-year performance period is 2,145 (250% of the target number).
Key Figures
Direct common shares: 1,773 shares
2026 time-based RSUs: 858 underlying common shares
2025 performance RSUs target: 529 units
+3 more
6 metrics
Direct common shares
1,773 shares
Directly held common shares as of the reported holdings
2026 time-based RSUs
858 underlying common shares
Restricted share units awarded February 13, 2026; vest in four equal annual installments
2025 performance RSUs target
529 units
Target number of performance-based restricted share units awarded February 14, 2025
2025 performance RSUs maximum
1,322 units
Maximum units (250% of target) that may vest after the 2025 three-year performance period
2026 performance RSUs target
858 units
Target number of performance-based restricted share units awarded February 13, 2026
2026 performance RSUs maximum
2,145 units
Maximum units (250% of target) that may vest after the 2026 three-year performance period
Key Terms
Restricted Share Units, performance-based restricted share units, three-year performance period, accelerated vesting
4 terms
three-year performance period financial
"…vest at the end of the three-year performance period will be 0% to 250%…"
accelerated vesting financial
"Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances…"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider ownership did Derek M. Dague report at Waste Connections (WCN)?
Derek M. Dague reported direct ownership of 1,773 common shares of Waste Connections, Inc., plus several grants of restricted share units. These RSUs cover time-based and performance-based awards tied to future vesting schedules and company performance goals over multi-year periods.
What are the vesting terms of Derek M. Dague’s time-based RSUs at Waste Connections (WCN)?
His time-based restricted share units vest in four equal annual installments beginning on the first anniversary of each grant date. Awards were granted in February 2023, 2024, 2025 and 2026, creating staggered vesting over several future years, assuming continued employment.
How do Derek M. Dague’s performance-based RSUs at WCN work?
His performance-based restricted share units from 2025 and 2026 have target amounts of 529 and 858 units. Actual vesting after each three-year performance period can range from 0% to 250% of target, depending on achievement of specified company performance goals and employment conditions.
What is the maximum number of performance-based RSUs that can vest for Derek M. Dague at WCN?
For his performance-based awards, up to 1,322 units may vest from the 2025 grant and up to 2,145 units from the 2026 grant. These represent 250% of target for each award, contingent on meeting performance targets and other vesting conditions.