HANSEN ERIC 4

What Happened

• Eric Hansen, Senior Vice President and Chief Investment Officer of Waste Connections (WCN), had 754 restricted share units (RSUs) convert into common shares on Feb 18, 2026. The conversion price was $0.00 (these were vested awards, not purchased). The issuer withheld 297 of the newly issued shares to cover withholding taxes valued at $162.76 each, totaling approximately $48,340. Net shares delivered to Hansen were 457 (754 converted minus 297 withheld).

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-20 (filed two days after the transaction; appears timely).
• Conversion/derivative code: M (conversion of RSUs into common shares at $0.00).
• Tax withholding code: F (297 shares withheld at $162.76/share → ~$48,340).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1: Shares were withheld by the issuer to satisfy applicable withholding taxes.
  • F2: These shares are the vesting/conversion of RSUs awarded on Feb 18, 2022 that vest in four equal annual installments.

Context

• This was a routine vesting of long-term compensation (RSUs), not an open-market purchase or sale. The withholding of shares to cover taxes is a common, administrative step and does not necessarily indicate a change in insider sentiment. The net result increased Hansen’s direct holdings by 457 shares.