Waste Connections (WCN) SVP logs RSU vesting and tax-share disposal

Rhea-AI Filing Summary

Waste Connections, Inc. senior vice president of performance optimization Aaron Bradley reported routine equity transactions tied to restricted share units. On February 18, 2026, 310 restricted share units were converted into 310 common shares at a stated price of $0.00 per share, reflecting a vesting event rather than an open-market purchase.

In connection with this vesting, 122 common shares were disposed of at $162.76 per share to cover withholding taxes, as indicated in the footnotes. Following these transactions, Bradley directly owned 8,582 common shares of Waste Connections.

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

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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^*

BRADLEY AARON

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SR VP PERFORMANCE OPTIMIZATION

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		M		310	A	$0.00	8,704	D
Common Shares	02/18/2026		F(1)		122	D	$162.76	8,582	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	02/18/2026		M			310	(2)	(2)	Common Shares	310	$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. Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 18, 2022 and vest in four equal annual installments. The common shares are reported in Table 1.

Remarks:

	Aaron Bradley	02/20/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Waste Connections (WCN) report for Aaron Bradley?

Aaron Bradley reported vesting-related transactions, converting 310 restricted share units into common shares and disposing of 122 shares to cover taxes. These movements reflect scheduled equity compensation events rather than open-market buying or selling.

Did Aaron Bradley buy or sell Waste Connections (WCN) stock on the open market?

The filing shows no open-market trades. Bradley’s activity reflects RSU vesting and share conversion, with 122 shares withheld by the company at $162.76 per share solely to satisfy tax withholding obligations.

How many Waste Connections (WCN) shares does Aaron Bradley own after these Form 4 transactions?

After the reported transactions, Aaron Bradley directly owns 8,582 common shares of Waste Connections. This balance reflects the RSU conversion of 310 shares and the tax-withholding disposition of 122 shares on February 18, 2026.

What does the RSU conversion mean in the Waste Connections (WCN) Form 4 filing?

The RSU conversion reflects restricted share units granted on February 18, 2022 vesting into 310 common shares. These units vest in four equal annual installments, and the resulting common shares are now directly held by Aaron Bradley.

Why were 122 Waste Connections (WCN) shares disposed of in the Form 4?

The 122-share disposal at $162.76 per share represents shares withheld by Waste Connections to pay applicable withholding taxes on the RSU vesting. This is a tax-withholding disposition, not a discretionary sale into the market.