Form 4: Waste Connections SR VP Acquires 58 Shares

Domenic Pio, Senior VP Operations at Waste Connections, Inc., acquired 58 common shares at $166.59 each through an employee share purchase plan.

Summary

• Domenic Pio, Senior VP Operations of Waste Connections, Inc. (WCN), acquired 58 common shares.
• The transaction occurred on December 31, 2025.
• Shares were acquired at a price of $166.59 per share.
• The acquisition was made under the Waste Connections, Inc. 2020 Employee Share Purchase Plan (ESPP), covering the offering period from July 1, 2025, to December 31, 2025.
• The purchase price represents 95% of the closing price of the shares on the New York Stock Exchange on December 31, 2025.
• Following this transaction, Domenic Pio directly beneficially owns 6,531 common shares.
• Canadian dollar amounts were converted to U.S. dollars using the Bank of Canada daily average exchange rate of CAN $1 = US $.73 on December 31, 2025.

Sentiment

Score: 7

Explanation: The acquisition of shares by a Senior VP through an employee plan is generally viewed as a positive signal of management's confidence in the company's value and future performance.

Positives

• An insider, the Senior VP Operations, acquired additional shares, which can signal confidence in the company's future prospects.
• The acquisition was part of an Employee Share Purchase Plan, indicating a structured and ongoing commitment by management to increase their stake in the company.

Negatives

• No negative information is disclosed in this Form 4 filing.

Risks

• This Form 4 filing does not contain information regarding company-specific risks.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine disclosure and does not provide specific insights into broader industry trends or the competitive landscape for Waste Connections, Inc.

Related Party Transactions

• The transaction involves an employee share purchase plan, which is a standard benefit and not typically considered a related party transaction in the context of unusual dealings.

Stakeholder Impact

• Shareholders: Potentially positive signal due to insider buying, indicating management's belief in the company's value.
• Employees: The existence of an Employee Share Purchase Plan (ESPP) can be seen as a positive benefit for eligible employees.

Key Dates

Keywords

Waste Connections, WCN, Domenic Pio, Insider Trading, Share Acquisition, ESPP, Employee Stock Purchase Plan, Senior VP Operations, Common Shares