PIO DOMENIC 4

4 · Waste Connections, Inc. · Filed Feb 18, 2026

Research Summary

AI-generated summary of this filing

Updated Feb 18, 2026

Waste Connections (WCN) SR VP Pio Domenic Converts RSUs; Shares Withheld

What Happened

Pio Domenic, Senior Vice President — Operations at Waste Connections (WCN), had restricted share units (RSUs) and a performance-based RSU award convert/vest between Feb 13–17, 2026. In total, 11,744 RSUs were converted into common shares (acquired).
To satisfy tax withholding obligations, 2,954 shares were withheld (disposed) for a cash value of about $475,670. After withholding, Domenic received roughly 8,790 net shares.
These were compensation-related transactions (vesting/conversion of awards), not open-market purchases or discretionary sales.

Key Details

Transaction dates and amounts:
- Feb 13, 2026: Two RSU awards recorded (3,114 + 3,114) (grant/award entries).
- Feb 14, 2026: Conversion of 835 RSUs; 447 shares withheld for taxes (~US $71,640).
- Feb 16, 2026: Conversion of 913 RSUs; 489 shares withheld (~US $78,371).
- Feb 17, 2026: Conversions of 727 and 3,041 RSUs; 390 and 1,628 shares withheld (~US $62,937 and ~$262,722).
Total withheld shares: 2,954; total cash value withheld (to cover taxes): approx. $475,670 (USD). Canadian dollar amounts were converted to USD per filing.
Shares owned after transaction: not specified in the provided excerpt.
Notable footnotes: withheld shares satisfy tax withholding on vesting (F1); several awards vest over three years (F4–F8); one performance award vested at 139.5% of target after the 3-year performance period (F5, F9).
Filing: Report filed Feb 18, 2026 (transactions reported Feb 13–17); no late-filing flag provided in the supplied data.

Context

These are routine, compensation-driven conversions of RSUs and a performance-based RSU award. The withheld shares were used solely to cover tax obligations (cashless/withholding arrangement), which is common and not necessarily a market signal of insider sentiment.
For retail investors, purchases (insider buys) typically attract more attention as a potential bullish signal; this filing reflects compensated vesting and tax withholding rather than a discretionary sale or new purchase.

Insider Transaction Report

Form 4

Period: 2026-02-13

Waste Connections, Inc.WCN

PIO DOMENIC

SR VP Operations

Transactions

Exercise/Conversion
Common Shares
2026-02-14+835→ 7,366 total
Tax Payment
Common Shares
[F1][F2]
2026-02-14$160.27/sh−447$71,640→ 6,919 total
Exercise/Conversion
Common Shares
2026-02-16+913→ 7,832 total
Tax Payment
Common Shares
[F1][F2]
2026-02-16$160.27/sh−489$78,371→ 7,343 total
Exercise/Conversion
Common Shares
2026-02-17+727→ 8,070 total
Tax Payment
Common Shares
[F1][F3]
2026-02-17$161.38/sh−390$62,937→ 7,680 total
Exercise/Conversion
Common Shares
2026-02-17+3,041→ 10,721 total
Tax Payment
Common Shares
[F1][F3]
2026-02-17$161.38/sh−1,628$262,722→ 9,093 total
Award
Restricted Share Units
[F4]
2026-02-13+3,114→ 3,114 total
Exercise: $0.00→ Common Shares (3,114 underlying)
Award
Restricted Share Units
[F5]
2026-02-13+3,114→ 3,114 total
Exercise: $0.00→ Common Shares (3,114 underlying)
Exercise/Conversion
Restricted Share Units
[F6]
2026-02-14−835→ 1,670 total
Exercise: $0.00→ Common Shares (835 underlying)
Exercise/Conversion
Restricted Share Units
[F7]
2026-02-16−913→ 914 total
Exercise: $0.00→ Common Shares (913 underlying)
Exercise/Conversion
Restricted Share Units
[F8]
2026-02-17−727→ 0 total
Exercise: $0.00→ Common Shares (727 underlying)
Exercise/Conversion
Restricted Share Units
[F9]
2026-02-17−3,041→ 0 total
Exercise: $0.00→ Common Shares (3,041 underlying)

Footnotes (9)

[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]For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $218.26 = US $160.2683
[F3]For purposes of this disclosure, Canadian dollar amounts have been converted to U.S. dollars. CAN $220.07 = US $161.3773
[F4]Represents an award of restricted share units. The award shall vest 33 1/3% per year over a three-year period following the date of grant.
[F5]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 7,785 (250% of the target number).
[F6]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 three equal annual installments. The common shares are reported in Table 1.
[F7]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 three equal annual installments. The common shares are reported in Table 1.
[F8]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 three equal annual installments. The common shares are reported in Table 1.
[F9]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.

Signature

Domenico (Dan) Pio|2026-02-18

Documents

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