Helgeson Bradford John 4

What Happened
Bradford Helgeson, Executive Vice President and Chief Financial Officer of Casella Waste Systems (CWST), was granted 2,756 restricted stock units (RSUs) on March 12, 2026 (no cash paid). On March 16, 2026 he disposed of 405 shares in an open-market "sell-to-cover" transaction at $87.73 per share, yielding about $35,531 to satisfy tax withholding associated with RSU vesting. The RSU grant is an award (not an open-market purchase) and the sale was a routine tax-withholding sale rather than a discretionary sell for investment reasons.

Key Details

• Grant: 2,756 RSUs on 2026-03-12 (grant value shown as $0 cash); each RSU converts to one share upon vesting. (Footnote F1)
• Sale: 405 shares sold on 2026-03-16 at $87.73, proceeds ≈ $35,531. (Footnote F2)
• Vesting: The newly awarded RSUs vest in three equal annual installments beginning March 12, 2027. (F1)
• Reason for sale: Sell-to-cover to satisfy tax withholding; executed under an automatic instruction adopted 11/16/2023 and not a discretionary sale by the insider. (F2)
• Shares owned after the transactions: not specified in the provided Form 4 excerpt.
• Filing timeliness: Form 4 filed 2026-03-16; transactions reported in the filing do not appear to be late.

Context
RSU awards are compensation and do not represent immediate ownership until they vest; sell-to-cover sales are common when RSUs vest and are typically used solely to pay taxes. Such withholding sales are routine and generally should not be interpreted as a directional bet on the company's stock by the insider.