Insider Transaction: Waste Connections Senior VP Sells 1,750 Shares for $290,500
Key Points
The transaction involved the sale of 1,750 shares at $166 per share.
The sale of the shares comes as the Waste Connection stock price has slightly slumped thus far in 2026.
Netherton maintained a direct ownership position of 12,980 shares following the completion of the sale.
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Susan Netherton, Senior VP of People, Training & Development at Waste Connections (NYSE:WCN), sold 1,750 shares of common stock on Aug. 13, 2026, according to a SEC Form 4 filing.
Company snapshot
- Sector: Industrials
- Industry: Waste Management
- Market Cap: $42.8 billion
- Revenue (TTM): $9.8 billion
- Net Income (TTM): $1 billion
Waste Connections is a leading environmental services provider that delivers a full spectrum of non-hazardous waste management solutions across the United States and Canada. The company offers essential waste collection and disposal services to a diverse customer base spanning residential, commercial, municipal, and industrial sectors.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $290,500 |
| Shares sold (directly held) | 1,750 |
| Post-transaction shares (directly held) | 12,980 |
| Post-transaction value | $2.1 million |
Transaction value based on SEC Form 4 weighted average sale price ($166.00); post-transaction value based on Aug. 13, 2026, market close ($165.53).
Key questions
- What is the scale of the insider's remaining equity exposure?
Following this transaction, Netherton retains a direct position of 12,980 shares, valued at $2.1 million based on the Aug. 13, 2026, market close. - How does the execution price align with current market levels?
The shares were sold at $166 per share, slightly below the $166.29 market close as of Aug. 14, 2026. This execution took place amid a period in which the equity had declined 11% over the preceding year. - What was the impact of the transaction on Netherton's portfolio?
The sale was a direct disposition of 1,750 shares, reducing the insider's total reported equity holdings from 14,730 to 12,980. No indirect holdings or derivative securities were reported in this specific filing.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-14) | $166.29 |
| Market Capitalization | $42.8 billion |
| Revenue (TTM) | $9.8 billion |
| Net Income (TTM) | $1 billion |
Company Snapshot
- Waste Connections provides comprehensive non-hazardous waste management solutions, including collection, transfer, disposal, and resource recovery services across the United States and Canada, generating revenue from diverse customer segments, including residential, commercial, municipal, industrial, and exploration and production sectors.
- The company operates an integrated business model that generates revenue through waste collection services, landfill operations, transfer station facilities, and resource recovery initiatives, creating multiple revenue streams from essential environmental services.
- Waste Connections serves a broad customer base spanning residential households, commercial enterprises, municipal governments, industrial operations, and energy sector clients, positioning itself as a critical infrastructure provider across North American markets.
Waste Connections is a leading environmental services provider with a market capitalization of $42.8 billion and TTM revenues of $9.8 billion, demonstrating significant scale within the waste management sector. The company maintains a diversified operational footprint across North America, leveraging an integrated collection and disposal infrastructure to capture recurring revenue streams from essential waste management services. Waste Connections competes through operational efficiency, geographic diversification, and the provision of critical environmental infrastructure.
What this transaction means for investors
Waste Connection recently shared some strong results from its earnings report for the second quarter of 2026, with revenue of $2.5 billion, 6.4% above the company's expectations. It also reported net income of $296.4 million, compared with $290.3 million in the year-ago period. It did show lower operating income, however, of $437.6 million compared to $459.5 million, which the company attributed to $58.5 million in impairment charges related to a landfill closure and $7.9 million in transaction-related expenses. For full-year 2026 revenue, Waste Connection expects it to fall around $10 billion.
As of this writing, the Waste Connection stock price is down 6.6% compared to the S&P 500's 18.7% return. Netherton selling shares, however, doesn't appear to be a cause for alarm. While the executive sold 1,750 shares at $166 per share, she still directly owns nearly 13,000 shares. In addition, analysts are also generally bullish on what the next 12 months could hold for the stock. Of the 27 analysts who track Waste Connection followed by CNN, 81% rate the stock as a buy. In addition, the median one-year price target for the stock is $205, representing a 20.6% gain from its current trading level. The sale ultimately appears to be more routine than anything else.
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Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Waste Connections. The Motley Fool has a disclosure policy.
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