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Waste Connections, Inc.·4

Feb 18, 5:20 PM ET

PIO DOMENIC 4

Research Summary

AI-generated summary

Updated

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.