Waste Connections exec reports RSU grants, tax shares
Waste Connections senior vice president Domenic Pio reported multiple equity award activities.
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Form Type
4
Rhea-AI Filing Summary
Waste Connections senior vice president Domenic Pio reported multiple equity award activities. Between February 13 and 17, 2026, restricted share units converted into common shares, including performance-based awards that vested after meeting goals. New restricted share unit awards of 3,114 units each were granted and vest in three equal annual installments. Common shares were also withheld at US $160.2683 and US $161.3773 per share to cover tax obligations on vesting, leaving him with 9,093 common shares held directly plus outstanding restricted share units.
Insider Trade Summary
5,516 shares exercised/converted
Exercise
14 txns
Insider
PIO DOMENIC
Role
SR VP Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 727 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 3,041 | $0.00 | $0.00 |
| Exercise | Common Shares | 727 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 390 | $161.3773 | $63K |
| Exercise | Common Shares | 3,041 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 1,628 | $161.3773 | $263K |
| Exercise | Restricted Share Units | 913 | $0.00 | $0.00 |
| Exercise | Common Shares | 913 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 489 | $160.2683 | $78K |
| Exercise | Restricted Share Units | 835 | $0.00 | $0.00 |
| Exercise | Common Shares | 835 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 447 | $160.2683 | $72K |
| Grant/Award | Restricted Share Units | 3,114 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Units | 3,114 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units — 8,812 contracts (Direct);
Common Shares — 9,093 shares (Direct)
Footnotes (9)
- 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.
- F2. For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $218.26 = US $160.2683
- F3. For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $220.07 = US $161.3773
- F4. Represents an award of restricted share units. The award shall vest 33 1/3% per year over a three-year period following the date of grant.
- F5. 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 7,785 (250% of the target number).
- 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 vest in three equal annual installments. The common shares are reported in Table 1.
- F7. 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 three equal annual installments. The common shares are reported in Table 1.
- F8. 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 three equal annual installments. The common shares are reported in Table 1.
- F9. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did WCN executive Domenic Pio report on this Form 4?
The filing shows restricted share units converting into common shares, new grants of 3,114 units twice, and common shares withheld to cover taxes. All transactions relate to equity compensation awards rather than open-market stock purchases or sales.
Were any of the WCN insider transactions open-market sales or purchases?
No open-market sales or purchases are reported. Dispositions marked with code F represent shares withheld by Waste Connections to pay exercise price or tax liabilities on vesting, not discretionary selling into the market by the executive.
What new equity awards did Waste Connections (WCN) grant to Domenic Pio?
The Form 4 shows two awards of 3,114 restricted share units each. One is a time-based award vesting 33 1/3% annually over three years, and another is performance-based, with actual vesting tied to the company’s achievement of defined performance goals.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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