Waste Connections (WCN) SVP reports RSU vesting and tax-share withholding

Rhea-AI Filing Summary

Waste Connections, Inc. senior vice president Susan Netherton reported vesting of equity awards and related tax withholding. On February 18, 2026, 635 restricted share units were exercised and converted into 635 common shares at a stated price of $0.00 per share.

In a related transaction coded "F," 250 common shares were withheld by the company at $162.76 per share to cover applicable withholding taxes tied to this vesting, as described in the footnotes. After these transactions, Netherton directly owns 14,730 common shares of Waste Connections.

Insider Trade Summary

635 shares exercised/converted

Mixed 3 txns

Insider Netherton Susan

Role SR VP People, Training & Dev

Type	Security	Shares	Price	Value
Exercise	Restricted Shares Units	635	$0.00	--
Exercise	Common Shares	635	$0.00	--
Tax Withholding	Common Shares	250	$162.76	$41K

Holdings After Transaction: Restricted Shares Units — 0 shares (Direct); Common Shares — 14,980 shares (Direct)

Footnotes (1)

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 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.

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

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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^*

Netherton Susan

(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 People, Training & Dev

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		635	A	$0.00	14,980	D
Common Shares	02/18/2026		F(1)		250	D	$162.76	14,730	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 Shares Units	$0.00	02/18/2026		M			635	(2)	(2)	Common Shares	635	$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:

	Susan Netherton	02/20/2026
	** 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.
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FAQ

What insider transactions did Waste Connections (WCN) report for Susan Netherton?

Susan Netherton reported vesting of 635 restricted share units that converted into 635 common shares. In a related step, 250 common shares were withheld by Waste Connections to satisfy tax withholding obligations tied to this vesting event.

How many Waste Connections (WCN) shares does Susan Netherton own after this Form 4?

Following the reported transactions, Susan Netherton directly owns 14,730 common shares of Waste Connections. This balance reflects both the RSU conversion into common shares and the 250 shares withheld by the company to cover tax liabilities.

Were Susan Netherton’s Waste Connections (WCN) Form 4 transactions open-market buys or sells?

The transactions were not open-market trades. They reflect the exercise and conversion of 635 restricted share units into common shares and a tax-withholding disposition of 250 shares by the issuer to cover related tax obligations.

What do the Form 4 footnotes say about Susan Netherton’s RSUs at Waste Connections (WCN)?

The footnotes state the reported common shares come from restricted share units awarded on February 18, 2022, vesting in four equal annual installments, and that some shares were withheld by Waste Connections to satisfy withholding taxes due at vesting.

What was the tax-withholding price in Susan Netherton’s Waste Connections (WCN) Form 4?

For the tax-withholding transaction coded "F," 250 common shares were withheld at a price of $162.76 per share. This withholding satisfied applicable tax obligations triggered by the vesting and conversion of Susan Netherton’s restricted share units.