Waste Connections (WCN) CIO reports new RSU grants and tax-share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waste Connections Senior Vice President and CIO Eric Hansen reported multiple equity compensation transactions. On February 13, 2026, he received two awards of 2,087 restricted share units each, including a performance-based grant with a maximum of 5,217 units eligible to vest depending on three-year performance.
From February 14–17, 2026, previously granted restricted share units vested and converted into a total of 4,582 common shares at no cash cost to him. During the same period, 1,159 common shares were automatically withheld at prices of $160.26 and $161.28 per share to satisfy tax obligations, leaving him with 18,893 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,582 shares exercised/converted
Mixed
14 txns
Insider
HANSEN ERIC
Role
Senior Vice President and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 558 | $0.00 | -- |
| Exercise | Restricted Share Units | 3,109 | $0.00 | -- |
| Exercise | Common Shares | 3,109 | $0.00 | -- |
| Tax Withholding | Common Shares | 758 | $161.28 | $122K |
| Exercise | Common Shares | 558 | $0.00 | -- |
| Tax Withholding | Common Shares | 136 | $161.28 | $22K |
| Exercise | Restricted Share Units | 468 | $0.00 | -- |
| Exercise | Common Shares | 468 | $0.00 | -- |
| Tax Withholding | Common Shares | 132 | $160.26 | $21K |
| Exercise | Restricted Share Units | 447 | $0.00 | -- |
| Exercise | Common Shares | 447 | $0.00 | -- |
| Tax Withholding | Common Shares | 133 | $160.26 | $21K |
| Grant/Award | Restricted Share Units | 2,087 | $0.00 | -- |
| Grant/Award | Restricted Share Units | 2,087 | $0.00 | -- |
Holdings After Transaction:
Restricted Share Units — 557 shares (Direct);
Common Shares — 19,229 shares (Direct)
Footnotes (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. Represents an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant. 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 5,217 (250% of the target number). 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 four equal annual installments. The common shares are reported in Table 1. 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 four equal annual installments. The common shares are reported in Table 1. 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 four equal annual installments. The common shares are reported in Table 1. 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
What insider transactions did Waste Connections (WCN) report for Eric Hansen?
Eric Hansen reported equity compensation-related transactions. He received two grants of 2,087 restricted share units and had several prior RSU awards vest into common shares, with a portion of those shares withheld to cover tax liabilities.
What is the maximum number of performance-based RSUs that may vest for Eric Hansen at WCN?
The maximum performance-based RSUs that may vest is 5,217 units. This equals 250% of the target award and depends on how well Waste Connections meets or exceeds defined performance goals during the three-year performance period.