WCN (WCN) COO logs RSU awards, vesting and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waste Connections, Inc. Executive Vice President & COO Jason Craft reported multiple equity compensation transactions, mainly involving restricted share units (RSUs) that vested and converted into common shares. On several dates in mid-February 2026, RSUs were exercised or converted into common shares at a stated price of $0.0000 per share.
The filing also shows new awards of 3,861 restricted share units, including performance-based RSUs that can vest from 0% to 250% of the target, with a maximum of 9,652 units at full payout based on performance goals. Footnotes state that some awards vest 25% per year over four years, and that one performance-based award ultimately vested at 139.5% of its target after a three-year performance period.
Common shares were disposed of under code F at prices of $160.26 and $161.28 per share to satisfy tax withholding obligations tied to these vesting events, rather than open-market sales. After these transactions, Craft continued to hold directly tens of thousands of Waste Connections common shares reported in the tables.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,585 shares exercised/converted
Mixed
14 txns
Insider
CRAFT JASON
Role
Executive Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 688 | $0.00 | -- |
| Exercise | Restricted Share Units | 3,843 | $0.00 | -- |
| Exercise | Common Shares | 3,843 | $0.00 | -- |
| Tax Withholding | Common Shares | 936 | $161.28 | $151K |
| Exercise | Common Shares | 688 | $0.00 | -- |
| Tax Withholding | Common Shares | 168 | $161.28 | $27K |
| Exercise | Restricted Share Units | 558 | $0.00 | -- |
| Exercise | Common Shares | 558 | $0.00 | -- |
| Tax Withholding | Common Shares | 145 | $160.26 | $23K |
| Exercise | Restricted Share Units | 496 | $0.00 | -- |
| Exercise | Common Shares | 496 | $0.00 | -- |
| Tax Withholding | Common Shares | 148 | $160.26 | $24K |
| Grant/Award | Restricted Share Units | 3,861 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 3,861 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 689 shares (Direct);
Common Shares — 34,267 shares (Direct)
Footnotes (1)
- 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. Represents an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant. 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 9,652 (250% of the target number). Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 14, 2025 and vest in four equal annual installments. The common shares are reported in Table 1. Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 16, 2024 and vest in four equal annual installments. The common shares are reported in Table 1. 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. 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 17, 2023 and contained performance goals that the Issuer achieved over the three-year performance period from January 1, 2023 to December 31, 2025. 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 139.5% of the target number of shares subject to the award. The common shares are reported on Table 1.
FAQ
What insider transactions did Waste Connections (WCN) COO Jason Craft report?
Jason Craft reported multiple equity compensation events, including RSUs vesting and converting into common shares, new RSU grants, and share dispositions to cover withholding taxes. These transactions reflect routine executive compensation activity, not open-market stock purchases or sales.
What are the terms of the performance-based RSUs for Waste Connections (WCN)?
The performance-based restricted share units have a target of 3,861 units and can vest from 0% to 250% of that amount. The maximum possible vesting is 9,652 units, depending on Waste Connections meeting specified performance goals over a three-year performance period.
How did prior RSU grants to WCN COO Jason Craft vest in this period?
Footnotes state RSUs granted in February 2023, 2024, and 2025 vested in equal annual installments and converted into common shares. One performance-based award granted in February 2023 ultimately vested at 139.5% of its target after a three-year performance period.