STOCK TITAN

Waste Connections (WCN) legal executive sells 2,811 common shares

(Moderate)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Robert Michael Cloninger, Senior Vice President and Deputy General Counsel of Waste Connections, sold a total of 2,811 Common Shares on July 28, 2026, in two open-market transactions at prices of $170.9955 and $171.3342 per share. The filing indicates these sales were not made under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider Cloninger Robert Michael
Role SR VP, Deputy General Counsel
Sold 2,811 shs ($481K)
Type Security Shares Price Value
Sale Common Shares 2,573 $170.9955 $440K
Sale Common Shares 238 $171.3342 $41K
Holdings After Transaction: Common Shares — 11,666 shares (Direct)
Shares sold (block 1) 2,573 Common Shares Non-derivative sale on July 28, 2026 at $170.9955 per share
Shares sold (block 2) 238 Common Shares Non-derivative sale on July 28, 2026 at $171.3342 per share
Total shares sold 2,811 Common Shares Aggregate of reported sales by Robert Michael Cloninger
Rule 10b5-1 trading plan regulatory
"The filing indicates the sales were not made under a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction financial
"Transaction code S is described as a sale in open market or private transaction"
Common Shares financial
"The reported transactions involved Waste Connections 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Robert Michael Cloninger report for Waste Connections (WCN)?

Cloninger reported selling 2,811 Waste Connections Common Shares in open-market transactions on July 28, 2026. The trades were disclosed on a Form 4 and represent non-derivative sales of the company’s common equity by a senior legal executive.

How many Waste Connections (WCN) shares did Cloninger sell and at what prices?

He sold 2,573 Common Shares at $170.9955 per share and 238 Common Shares at $171.3342 per share. Both transactions involved Waste Connections’ common stock and were coded as sales in open-market or private transactions.

Was Cloninger's Waste Connections (WCN) stock sale under a Rule 10b5-1 plan?

The report indicates the sales were not made under a Rule 10b5-1 trading plan, as the related checkbox is unchecked. This means the transactions are not flagged as being executed under a pre-arranged trading program.

What is Robert Michael Cloninger’s role at Waste Connections (WCN)?

Cloninger is identified as Senior Vice President and Deputy General Counsel of Waste Connections. This makes him a senior legal officer of the company and a reporting insider subject to Form 4 disclosure requirements for trades in company securities.

What does transaction code S mean in the Waste Connections (WCN) Form 4?

Transaction code S on the Form 4 denotes a sale in an open market or private transaction. Both of Cloninger’s reported trades are coded S, confirming they are straightforward dispositions of common shares rather than option exercises or gifts.
SEC Form 4
FORM 4UNITED 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*
Cloninger Robert Michael

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
SR VP, Deputy General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares07/28/2026S2,573D$170.995511,904D
Common Shares07/28/2026S238D$171.334211,666D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
Robert Cloninger07/30/2026
** Signature of Reporting PersonDate
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)