Waste Connections director RSU awards and tax trades

Waste Connections director Edward E. Guillet reported multiple equity compensation transactions.

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.

Insider Trade Summary

623 shares exercised/converted

Exercise 8 txns

Insider GUILLET EDWARD E

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	279	$0.00	$0.00
Exercise	Common Shares	279	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	150	$160.2683	$24K
Grant/Award	Restricted Share Units	435	$0.00	$0.00
Grant/Award	Restricted Share Units	687	$0.00	$0.00
Exercise	Restricted Share Units	344	$0.00	$0.00
Exercise	Common Shares	344	$0.00	$0.00
Exercise Price or Tax Liability	Common Shares	185	$160.2683	$30K

Holdings After Transaction: Restricted Share Units — 778 contracts (Direct); Common Shares — 15,171 shares (Direct)

Footnotes (6)

1. 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.
2. F2. For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $218.26 = US $160.2683
3. F3. 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. F4. 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. F5. 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. F6. 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.

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.

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Accepted by SEC EDGAR 02/18/2026 - 04:42 PM Learn about SEC filing dates

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
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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.
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