Shea Patrick James 4

What Happened

• Patrick James Shea, Executive Vice President, General Counsel & Secretary of Waste Connections (WCN), had 1,255 restricted share units (RSUs) convert into 1,255 common shares on Feb 18, 2026. Of those, 494 shares were withheld by the company to satisfy applicable withholding taxes at $162.76 per share (total withheld value ≈ $80,403). The conversion is a vesting/award event rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (filed within the typical two‑business‑day Form 4 window).
• Conversion: 1,255 RSUs converted into common shares (reported as an acquisition at $0.00).
• Tax withholding: 494 shares withheld/disposed at $162.76 each for tax payment (≈ $80,403).
• Net shares delivered to insider: 761 shares (1,255 converted − 494 withheld). Shares owned after the transaction were not specified in the provided summary.
• Footnotes: F1 = shares withheld by the issuer to satisfy withholding taxes; F2 = RSUs awarded Feb 18, 2022 that vest in four equal annual installments (this is a scheduled vesting event, not an opportunistic trade).

Context

• This was a routine RSU vesting and tax‑withholding event (akin to a cashless settlement). The conversion itself is not a market purchase; withheld shares are used solely to cover taxes and do not necessarily indicate sentiment about the company's stock.
• For retail investors, award vesting is common compensation activity and generally less informative about insider views than open‑market purchases or planned sales.