Waste Connections exec awarded RSUs, covers taxes in shares
Waste Connections executive James Little reported multiple equity compensation transactions, mainly involving restricted share units (RSUs) converting into common shares and related tax withholding.
Rhea-AI Filing Summary
Waste Connections executive James Little reported multiple equity compensation transactions, mainly involving restricted share units (RSUs) converting into common shares and related tax withholding. On February 17, 2026, he received a grant of 3,736 RSUs, and on February 13, 2026, he received a separate grant of 3,737 RSUs, both at no cash cost to him.
Across February 13–17, 2026, several RSU and performance-based RSU awards vested and were converted into common shares through derivative exercises. To satisfy withholding taxes tied to these vestings, a total of 2,087 common shares were disposed of as tax-withholding transactions at prices around $160–$161 per share, with the remaining shares added to his direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,580 shares exercised/converted
Exercise
15 txns
Insider
LITTLE JAMES
Role
Executive VP Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 3,736 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 916 | $0.00 | $0.00 |
| Exercise | Restricted Share Units | 5,111 | $0.00 | $0.00 |
| Exercise | Common Shares | 916 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 361 | $161.28 | $58K |
| Exercise | Common Shares | 5,111 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 1,313 | $161.28 | $212K |
| Exercise | Restricted Share Units | 782 | $0.00 | $0.00 |
| Exercise | Common Shares | 782 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 191 | $160.26 | $31K |
| Exercise | Restricted Share Units | 771 | $0.00 | $0.00 |
| Exercise | Common Shares | 771 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 222 | $160.26 | $36K |
| Grant/Award | Restricted Share Units | 3,737 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 12,265 contracts (Direct);
Common Shares — 36,258 shares (Direct);
Common Shares — 13,807 shares (Indirect, Spouse)
Footnotes (7)
- 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. Represents an award of restricted share units. The award shall vest 25% per year over a four-year period following the date of grant.
- F3. 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 9,340 (250% of the target number).
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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 did Waste Connections (WCN) executive James Little report in this Form 4?
James Little reported RSU grants, vesting, and related share movements. He received new restricted share unit awards, had multiple RSU and performance-based RSU tranches convert into common shares, and disposed of some shares solely to cover withholding taxes tied to these vesting events.
Were any of James Little’s Waste Connections transactions open-market stock sales?
The Form 4 shows dispositions coded “F,” indicating tax-withholding transactions, not open-market sales. Shares were withheld by Waste Connections to satisfy withholding tax obligations triggered by the vesting and conversion of restricted share units into common shares.
What do the performance-based RSUs in WCN’s filing mean for James Little?
Performance-based RSUs vest based on company performance against preset goals. A three-year award granted February 17, 2023 could vest between 0% and 250% of target, with a disclosed maximum of 9,340 units depending on achievement of the specified performance goals over the performance period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
