Earnings Feed
Start Free
Waste Connections, Inc.·4

Feb 18, 5:17 PM ET

CRAFT JASON 4

Research Summary

AI-generated summary

Updated

Waste Connections COO Jason Craft Exercises/Converts RSUs, Shares Withheld

What Happened
Jason Craft, Executive Vice President & Chief Operating Officer of Waste Connections (WCN), had several restricted-share-unit (RSU) and performance-RSU vestings/conversions in mid-February 2026. He converted a total of 5,585 derivative units into common shares across Feb 14–17, 2026 (496 + 558 + 3,843 + 688). To satisfy withholding tax obligations, the issuer withheld 1,397 shares (148 + 145 + 936 + 168), with withholding values of $23,718; $23,238; $150,958; and $27,095 respectively — total withholding value ≈ $225,009. In addition, two awards of 3,861 derivative units were recorded on Feb 13, 2026 (grants/awards).

Key Details

  • Transaction dates and key figures:
    • Feb 13, 2026: Two RSU awards recorded (3,861 shares each) (A — award/grant).
    • Feb 14, 2026: Converted 496 derivative units (M); 148 shares withheld at $160.26/share → $23,718 (F).
    • Feb 16, 2026: Converted 558 derivative units (M); 145 shares withheld at $160.26/share → $23,238 (F).
    • Feb 17, 2026: Converted 3,843 and 688 derivative units (M); 936 and 168 shares withheld at $161.28/share → $150,958 and $27,095 (F).
    • Total converted (reported) = 5,585 shares; total withheld = 1,397 shares; total withholding value ≈ $225,009.
  • Shares owned after the transactions: Not specified in the provided filing excerpt — see the full Form 4 for post-transaction beneficial ownership.
  • Footnotes of note:
    • F4–F6: conversions represent vesting of time-based RSUs from prior award dates (2023–2025).
    • F7: a performance-based RSU award (granted Feb 17, 2023) vested at 139.5% of target after the 3-year performance period and converted to shares.
    • F1: “F” transactions represent shares withheld by the issuer to satisfy tax withholding (not open-market sales).
  • Filing timeliness: Form filed Feb 18, 2026. The Feb 13 awards appear reported after the usual two-business-day window and may be late relative to SEC Form 4 timing rules.

Context

  • These transactions are vestings/conversions of RSUs and a performance-based RSU award — not open-market buys or discretionary sales. The withheld shares (code F) are a standard, issuer-handled tax-withholding method (cashless settlement) and do not necessarily indicate a decision to sell shares on the open market.
  • For retail investors: purchases (insider buys) are often more informative about bullish intent; these entries reflect routine compensation vesting and tax withholding.