Form 4: Waste Connections Director Sells Shares Under 10b5-1 Plan

Edward Guillet, a director at Waste Connections, Inc., sold 9,000 common shares for approximately $1.57 million under a pre-arranged trading plan.

Summary

• Edward E. Guillet, a director of Waste Connections, Inc. (WCN), disposed of 9,000 common shares.
• The transaction occurred on October 28, 2025.
• The shares were sold at a price of $174.4364 per share.
• The total value of the shares sold was approximately $1,570,000.
• Following the sale, Mr. Guillet beneficially owns 14,883 common shares directly.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan for the purchase or sale of equity securities.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction, specifically a sale, which is often part of personal financial planning and not necessarily indicative of company performance, especially when executed under a 10b5-1 plan.

Future Outlook

NA

Industry Context

This is a routine insider transaction and does not provide specific insights into broader industry trends for the waste management sector. Such sales are common for executives and directors for personal financial planning, especially when executed under a Rule 10b5-1 plan.

Stakeholder Impact

• Shareholders: A director's sale of shares could be interpreted in various ways, but a sale under a 10b5-1 plan typically reduces the speculative impact. The impact is generally minor given the size relative to the company's market capitalization.

Key Dates

Keywords

Waste Connections, WCN, Insider Trading, Form 4, Edward Guillet, Share Sale, Director Transaction, 10b5-1 Plan