Waste Connections Insider Disposes of $1.99M in Common Shares

Executive Summary

On November 2, 2026, Matthew Stephen Black, Senior Vice President and Chief Tax Officer of Waste Connections, Inc. (NYSE: WCN), reported the open market sale of 11,000 common shares executed on October 29, 2026. The dispositions were executed at weighted average prices of $181.15 and $180.04, respectively, generating aggregate proceeds of approximately $1.99 million.

Transaction Details

• Security: Common Shares
• Filing Date: November 2, 2026
• Transaction Date: October 29, 2026
• Tranche 1: 5,583 shares sold at a weighted average price of $181.15 (price range: $179.78 to $181.945)
• Tranche 2: 5,417 shares sold at a weighted average price of $180.04 (price range: $180.00 to $180.17)
• Total Disposition: 11,000 shares
• Gross Value: $1,986,637.13
• Remaining Holdings: 32,530 shares held directly
• Rule 10b5-1 Adoption: The filing indicated aff10b5One is false, meaning the sales were discretionary rather than executed under a pre-established Rule 10b5-1 trading plan.

Ownership Impact & Context

Prior to the transactions, Mr. Black held 43,530 shares directly. The sale of 11,000 shares represents a reduction of approximately 25.3% of his direct equity position, leaving him with 32,530 shares. Because the disposition was not noted as being under a Rule 10b5-1 plan, it represents an active decision to liquidate a portion of holdings, warranting a Medium significance level.