Waste Connections (WCN) EVP sells 7,500 shares and reports stock gifts

Rhea-AI Filing Summary

Waste Connections, Inc. executive vice president and general counsel Patrick James Shea reported several share movements. He sold 7,500 Common Shares in an open-market transaction at an average price of $156.2553 per share, and made bona fide gifts totaling 115 shares. After these transactions, he holds 19,622 Common Shares directly and 320 shares indirectly through accounts for his son and daughter.

Insights

Equity compensation and insider-trading analyst

EVP’s Form 4 shows a sizable sale plus small family gifts, with substantial holdings retained.

Patrick James Shea, executive vice president and general counsel at Waste Connections, Inc., reported selling 7,500 Common Shares at an average of $156.2553 per share. This is an open-market or private sale, a clear discretionary disposition rather than a routine tax or option exercise event.

Following the sale and bona fide gifts totaling 115 shares, Shea still directly owns 19,622 Common Shares, plus 320 shares held indirectly for his son and daughter. The sale represents a meaningful but partial reduction in his direct position, with no derivative exercises or remaining option positions disclosed in this filing.

Because this is a single open-market sale with continued significant ownership and no evidence of a pre-arranged trading plan in the excerpt, it reads as a notable liquidity event rather than a transformational signal. Subsequent company filings may provide additional context on any future trading activity.

Insider Trade Summary

Net Seller: 7,500 shares ($1,171,915)

Net Sell 5 txns

Insider Shea Patrick James

Role Exec VP, General Counsel & Sec

Sold 7,500 shs ($1.17M)

Type	Security	Shares	Price	Value
Gift	Common Shares	100	$0.00	--
Gift	Common Shares	15	$0.00	--
Sale	Common Shares	7,500	$156.2553	$1.17M
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 19,622 shares (Direct, null); Common Shares — 110 shares (Indirect, Daughter)

Footnotes (1)

Key Figures

Open-market sale: 7,500 shares at $156.2553 Gifted shares: 115 shares Direct holdings after transactions: 19,622 shares +3 more

6 metrics

Open-market sale 7,500 shares at $156.2553 Common Shares sold on 2026-06-05

Gifted shares 115 shares Bona fide gifts on 2026-06-08 and 2026-06-09

Direct holdings after transactions 19,622 shares Common Shares held directly by Shea

Indirect son holdings 210 shares Common Shares held indirectly for son

Indirect daughter holdings 110 shares Common Shares held indirectly for daughter

Total reported holdings 19,942 shares Combined direct and indirect after transactions

Key Terms

bona fide gift, open-market sale, indirect ownership, Common Shares

4 terms

bona fide gift financial

"transaction_code_description: "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type: "indirect" with nature_of_ownership: "Son" and "Daughter""

Common Shares financial

"security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Shea Patrick James

(Last) (First) (Middle)

3 WATERWAY SQUARE PLACE

SUITE 110

(Street)

THE WOODLANDS TEXAS 77380

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Exec VP, General Counsel & Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/05/2026		S		7,500	D	$156.2553	19,737	D
Common Shares	06/08/2026		G		15	D	$0.00	19,722	D
Common Shares	06/09/2026		G		100	D	$0.00	19,622	D
Common Shares								110	I	Daughter
Common Shares								210	I	Son

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

Explanation of Responses:

Remarks:

	Patrick James Shea	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Waste Connections (WCN) executive Patrick James Shea report in this Form 4?

Patrick James Shea reported selling 7,500 Common Shares of Waste Connections in an open-market transaction at $156.2553 per share. He also reported bona fide gifts totaling 115 shares, along with his resulting direct and indirect share ownership positions after these movements.

How many Waste Connections (WCN) shares did Patrick James Shea sell and at what price?

He sold 7,500 Common Shares at an average price of $156.2553 per share. The transaction is classified as a sale in the open market or a private transaction, reflecting a discretionary disposition of a portion of his directly held Waste Connections equity stake.

What gifts of Waste Connections (WCN) stock did Patrick James Shea make?

Shea made bona fide gifts totaling 115 Common Shares of Waste Connections, reported with a transaction price of $0.00 per share. These gifts are coded as “G” transactions, indicating non-market transfers rather than sales, and reduce his directly held share count modestly.

What are Patrick James Shea’s Waste Connections (WCN) holdings after these transactions?

After the reported transactions, Shea directly owns 19,622 Common Shares of Waste Connections. In addition, he indirectly holds 210 shares in an account for his son and 110 shares in an account for his daughter, bringing total reported holdings to 19,942 shares.

Does this Waste Connections (WCN) Form 4 show any option exercises or derivative transactions?

The Form 4 excerpt shows no derivative transactions, option exercises, or convertible security conversions for Patrick James Shea. All reported entries involve Common Shares only, consisting of one open-market sale, two bona fide gifts, and updated indirect holdings for family member accounts.

How significant is Patrick James Shea’s sale relative to his remaining Waste Connections (WCN) stake?

Shea’s 7,500-share open-market sale is sizable but partial compared with his post-transaction direct holdings of 19,622 shares. He retains a substantial equity position, plus 320 additional shares indirectly through his son’s and daughter’s accounts, indicating continued meaningful ownership in Waste Connections.