HANSEN ERIC 4

What Happened
Eric Hansen, Senior Vice President and Chief Information Officer of Waste Connections (WCN), had restricted/share-based awards convert into common shares in mid-February 2026. A total of 4,582 derivative units converted into common stock on Feb 14–17, 2026. To satisfy withholding taxes, the company withheld 1,159 shares (tax withholding proceeds reported as $186,653), leaving Hansen with a net issuance of 3,423 shares. In addition, the filing reports two new awards of 2,087 units each granted on Feb 13, 2026 (subject to vesting/performance rules).

Key Details

• Transaction types and codes: M = exercise/conversion of derivative units (4,582 shares converted); F = shares withheld to satisfy tax withholding (1,159 shares withheld). A = new awards granted (2,087 + 2,087).
• Dates and per-share tax values used: Feb 14, 2026 (447 units; $0 exerc.; 133 shares withheld @ $160.26), Feb 16, 2026 (468 units; 132 shares withheld @ $160.26), Feb 17, 2026 (3,109 + 558 units; 758 + 136 shares withheld @ $161.28). Total tax-withheld value reported: $186,653.
• Net shares issued to insider after withholding: 3,423 shares (4,582 converted − 1,159 withheld).
• Grants: Two awards of 2,087 units reported on Feb 13, 2026. Footnotes indicate standard RSU vesting schedules and performance-based awards (vesting and final payout subject to time and performance).
• Filing timeliness: Form 4 filed Feb 18, 2026 for transactions between Feb 13–17, 2026 — appears to be filed on a timely basis (no late filing indicated).
• Source notes: F codes describe routine withholding for taxes and conversion upon vesting; F3/F7 describe performance-based awards with possible payout multiples (up to 250% of target).

Context

• This was not an open-market purchase or sale for investment gain but conversions/vestings of restricted and performance-based units. The withholding of shares to cover taxes is a routine, non-discretionary action (often called a cashless or net settlement for tax withholding).
• These items are standard executive compensation events and do not, by themselves, indicate a change in insider sentiment; purchases are generally more informative than routine vesting/conversions.
• The filing does not state total post-transaction holdings for Hansen in the provided excerpt.