Drohan Kevin 4

What Happened

• Kevin Drohan, Vice President & Chief Accounting Officer of Casella Waste Systems (CWST), received an award of 551 Restricted Stock Units (RSUs) on March 12, 2026 and sold a total of 140 shares in two transactions (55 shares on 3/12 and 85 shares on 3/16) for approximately $12,381 total. The RSU award was reported at $0.00 acquisition price because it’s a grant; the two sales were executed at $89.52 and $87.73 per share respectively. The sales are routine dispositions (including a sell-to-cover) rather than an outright cash purchase.

Key Details

• Transactions:
  • 2026-03-12: RSU grant — 551 RSUs (code A; $0.00 reported acquisition price). RSUs vest in three equal annual installments beginning March 12, 2027 (footnote F1).
  • 2026-03-12: Sale — 55 shares @ $89.52, proceeds ~$4,924 (sell-to-cover for tax withholding; footnote F2).
  • 2026-03-16: Sale — 85 shares @ $87.73, proceeds ~$7,457.
• Total proceeds from sales: ≈ $12,381.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: F1 explains the RSU award and vesting schedule; F2 states the 3/12 sale was an automatic sell-to-cover to satisfy tax withholding and not a discretionary sale.
• Filing timeliness: Form 4 filed 2026-03-16 for transactions on 2026-03-12 and 2026-03-16; the filing appears timely (no late filing indicated).

Context

• RSUs are a form of compensation that convert to shares on vesting; these RSUs vest over three years beginning March 12, 2027, so the grant does not represent immediate ownership of 551 shares today.
• The sell-to-cover is a common tax-withholding method tied to equity compensation and is not necessarily a signal of the insider’s view on the company.