Netherton Susan 4
4 · Waste Connections, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Waste Connections (WCN) SVP Susan Netherton Exercises & Sells Shares
What Happened
Susan Netherton, Senior Vice President — People, Training & Development at Waste Connections, had 635 restricted share units vest and convert into 635 common shares on Feb 18, 2026. To cover withholding taxes, 250 of those shares were surrendered/withheld at an implied price of $162.76 each, totaling $40,690. The remaining 385 shares were issued to her net of withholding.
Key Details
- Transaction date: 2026-02-18; filing date: 2026-02-20 (appears timely).
- Reported actions:
- Conversion of RSUs into common shares: 635 shares acquired (derivative conversion, code M).
- Shares withheld to satisfy taxes: 250 shares disposed at $162.76 each = $40,690 (code F).
- Net shares delivered to insider after withholding: 385 (635 vested − 250 withheld).
- Footnotes:
- F1: Shares withheld by the issuer to satisfy applicable withholding taxes on vesting.
- F2: RSUs awarded Feb 18, 2022, vesting in four equal annual installments; this report covers the vested conversion.
- Shares owned after the transaction not stated in the filing.
Context
This was a compensation-related vesting and conversion of RSUs, not an open-market purchase or discretionary sale. Withholding shares to cover taxes is a routine post-vesting event and does not necessarily signal a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Shares
2026-02-18+635→ 14,980 total - Tax Payment
Common Shares
[F1]2026-02-18$162.76/sh−250$40,690→ 14,730 total - Exercise/Conversion
Restricted Shares Units
[F2]2026-02-18−635→ 0 totalExercise: $0.00→ Common Shares (635 underlying)
Footnotes (2)
- [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]Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 18, 2022 and vest in four equal annual installments. The common shares are reported in Table 1.