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Director at Waste Connections (NYSE: WCN) reports RSUs and tax trades

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Waste Connections director Edward E. Guillet reported multiple equity compensation transactions. On February 13, 2026, he received grants of 435 and 687 restricted share units (RSUs), each representing the right to one common share with a 50% immediate and 50% one-year vesting schedule. That day, 344 RSUs converted into 344 common shares, and 185 common shares were withheld at $160.2683 per share to satisfy tax obligations.

On February 14, 2026, a further 279 RSUs converted into 279 common shares, and 150 common shares were withheld at $160.2683 per share for taxes. After these award grants, conversions, and tax-withholding dispositions, Guillet directly held 15,171 common shares of Waste Connections.

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Insider GUILLET EDWARD E
Role Director
Type Security Shares Price Value
Exercise Restricted Share Units 279 $0.00 --
Exercise Common Shares 279 $0.00 --
Tax Withholding Common Shares 150 $160.2683 $24K
Grant/Award Restricted Share Units 435 $0.00 --
Grant/Award Restricted Share Units 687 $0.00 --
Exercise Restricted Share Units 344 $0.00 --
Exercise Common Shares 344 $0.00 --
Tax Withholding Common Shares 185 $160.2683 $30K
Holdings After Transaction: Restricted Share Units — 0 shares (Direct); Common Shares — 15,321 shares (Direct)
Footnotes (1)
  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. For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $218.26 = US $160.2683 One Deferred Share Unit is the economic equivalent of one common share of the Issuer. Deferred Share Units will be settled in cash, common shares, or a combination thereof, at the sole discretion of the Issuer, and distributed to the reporting person upon such person's retirement and generally do not expire. Each restricted share unit represents a contingent right to receive one share of the Issuer's common shares. Subject to the reporting person's continued service with the Issuer, the award shall vest 50% immediately on the award date and 50% on the first anniversary of the award date. Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 13, 2026 and have a vesting schedule of 50% immediately and 50% on the first anniversary of the award date. 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 have a vesting schedule of 50% immediately and 50% on the first anniversary of the award date.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GUILLET EDWARD E

(Last) (First) (Middle)
3 WATERWAY SQUARE PLACE
SUITE 110

(Street)
THE WOODLANDS TX 77380

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Waste Connections, Inc. [ WCN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 02/13/2026 M 344 A $0.00 15,227 D
Common Shares 02/13/2026 F(1) 185 D $160.2683(2) 15,042 D
Common Shares 02/14/2026 M 279 A $0.00 15,321 D
Common Shares 02/14/2026 F(1) 150 D $160.2683(2) 15,171 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Share Units $0.00 02/13/2026 A 435 (3) (3) Common Shares 435 $0.00 435 D
Restricted Share Units $0.00 02/13/2026 A 687 (4) (4) Common Shares 687 $0.00 687 D
Restricted Share Units $0.00 02/13/2026 M 344 (5) (5) Common Shares 344 $0.00 343 D
Restricted Share Units $0.00 02/14/2026 M 279 (6) (6) Common Shares 279 $0.00 0.00 D
Explanation of Responses:
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.
2. For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $218.26 = US $160.2683
3. One Deferred Share Unit is the economic equivalent of one common share of the Issuer. Deferred Share Units will be settled in cash, common shares, or a combination thereof, at the sole discretion of the Issuer, and distributed to the reporting person upon such person's retirement and generally do not expire.
4. Each restricted share unit represents a contingent right to receive one share of the Issuer's common shares. Subject to the reporting person's continued service with the Issuer, the award shall vest 50% immediately on the award date and 50% on the first anniversary of the award date.
5. Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 13, 2026 and have a vesting schedule of 50% immediately and 50% on the first anniversary of the award date.
6. 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 have a vesting schedule of 50% immediately and 50% on the first anniversary of the award date.
Remarks:
Edward Guillet 02/18/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Waste Connections (WCN) director Edward E. Guillet report?

Edward E. Guillet reported RSU grants, conversions, and tax-withholding dispositions. He received new restricted share unit awards, had vested RSUs convert into common shares, and surrendered a portion of those shares to cover withholding taxes at a stated share value.

How many restricted share units did WCN director Guillet receive in these Form 4 filings?

Guillet received two new restricted share unit awards totaling 1,122 units: one grant of 435 RSUs and another of 687 RSUs. Each RSU represents a contingent right to receive one Waste Connections common share, vesting 50% immediately and 50% on the first anniversary.

What RSU vesting and share conversions were disclosed for Waste Connections (WCN)?

The filing shows 344 RSUs vested and converted into 344 common shares on February 13, 2026, and 279 RSUs vested and converted into 279 common shares on February 14, 2026. These conversions reflect previously granted RSUs reaching their scheduled vesting dates.

Were any Waste Connections (WCN) shares sold by Guillet on the open market?

The filing shows dispositions coded “F,” meaning shares were withheld to pay taxes, not sold in open market trades. Specifically, 185 and 150 common shares were delivered back to the issuer at $160.2683 per share in tax-withholding transactions tied to RSU vesting.

What price per share was used for WCN tax-withholding transactions in this Form 4?

Tax-withholding dispositions used a value of $160.2683 per Waste Connections common share. A footnote explains this reflects a conversion from CAN $218.26 to US $160.2683, which was applied when shares were withheld to satisfy RSU-related tax obligations.

How many Waste Connections (WCN) common shares does Guillet own after these transactions?

Following the reported RSU grants, conversions, and tax-withholding share deliveries, Guillet directly holds 15,171 Waste Connections common shares. This figure reflects his direct ownership position after both the additional shares from vesting and the shares withheld for tax liabilities.