LITTLE JAMES 4

4 · Waste Connections, Inc. · Filed Feb 20, 2026

AI-generated summary of this filing

Updated Feb 20, 2026

Waste Connections (WCN) EVP James Little Receives RSU Shares

What Happened

James Little, Executive VP of Engineering at Waste Connections (WCN), had 1,224 restricted share units (RSUs) convert into common shares on Feb 18, 2026 (reported on Form 4 filed Feb 20, 2026).
The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00 per share. The issuer withheld 482 of those shares to satisfy tax withholding at $162.76 per share, totaling $78,450 (reported as code F). Net shares delivered to Little: 1,224 - 482 = 742 shares.
This is a routine RSU vesting event with tax-withholding rather than an open‑market purchase or discretionary sale.

Key Details

Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely).
Conversion (M): 1,224 shares @ $0.00 (vested RSUs converted to common stock).
Tax withholding (F): 482 shares withheld @ $162.76 = $78,450.
Net shares received by insider: 742 shares.
Footnotes: F1 = shares withheld to satisfy taxes; F2 = RSUs awarded 2/18/2022 vesting in four equal annual installments (this is the vesting/conversion event).
Shares owned after the transaction: not specified in the provided filing details.

Context

This was a vesting/conversion of RSUs (derivative conversion), not a purchase or voluntary sale. The withholding of shares to cover tax obligations is a common, routine administrative action (a cashless withholding).
Such vesting events are standard compensation mechanics and do not by themselves indicate insider confidence or lack thereof.

Form 4

Period: 2026-02-18

Executive VP Engineering

Transactions

Exercise/Conversion
Common Shares
2026-02-18+1,224→ 37,482 total
Tax Payment
Common Shares
[F1]
2026-02-18$162.76/sh−482$78,450→ 37,000 total
Exercise/Conversion
Restricted Share Units
[F2]
2026-02-18−1,224→ 0 total
Exercise: $0.00→ Common Shares (1,224 underlying)

Holdings

Footnotes (2)

[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 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.

Signature

James Little|2026-02-20

1 file