BURKE MICHAEL K 4

What Happened

• Michael K. Burke, a director of Casella Waste Systems, Inc. (CWST), received an award of 1,793 restricted stock units (RSUs) on June 4, 2026.
• The award was reported at a grant price equivalent of $83.65 per share, with a total notional value of approximately $149,984. This transaction is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: June 4, 2026; Filing date (Form 4): June 5, 2026 (appears timely under Form 4 rules).
• Grant size: 1,793 RSUs; Price basis shown: $83.65/share; Total reported value: ~$149,984.
• Vesting: RSUs will vest in full on June 4, 2027 (per footnote). Each RSU represents a contingent right to one share of Class A Common Stock upon vesting.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Award made under the Casella Waste Systems, Inc. Amended and Restated 2016 Incentive Plan; no tax-withholding or 10b5-1 plan noted in the provided data.

Context

• This is a compensation-related equity award (RSUs) to a director. Such grants are common for aligning long-term interests of executives/directors with shareholders and do not represent an open-market purchase or sale.
• The RSUs convert to actual shares only upon vesting (here, one year from grant), so they are contingent until that date.
• No implication of immediate buying or selling pressure should be inferred from an award alone; it is routine compensation unless accompanied by additional transactions.