Company: WCN
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032201
Chunk: 27

Company: Waste Connections, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 27
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 dividend since its commencement in 2010. Most importantly, we demonstrated improvements in safety, employee retention and engagement, all of which we believe will pay benefits in 2025 and beyond. For our shareholders, 2024 marked another year of positive returns, our 20 th increase over the past 21 years, extending our track record of outperformance as compared to the DJ Waste Index, the S&P 500 and the TSX 60 over the ten-year period ended December 31, 2024. A more detailed description of the Company’s fiscal year 2024 operating and financial performance can be found on pages 52 to 79 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC and the securities commissions or similar regulatory authorities in Canada on February 13, 2025. (6) See the inside of the front cover for the footnote on non-GAAP financial measures. 40 2025 Proxy • Waste Connections, Inc.

TABLE OF CONTENTS Compensation Discussion and Analysis

Compensation Philosophy and Objectives Our Compensation Committee’s philosophy with respect to the compensation of the NEOs does not differ materially from its philosophy regarding other executive and corporate officers. The Committee believes compensation paid to NEOs should closely align with our performance on both a short-term and long-term basis, be linked to specific, measurable results intended to create value for shareholders, and assist us in attracting and retaining key officers critical to our long-term success. In establishing compensation for NEOs, the Compensation Committee’s objectives are to:

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| ​ | Attract and RetainTalent                                                                                                                                           | ​ | ​ | ​ | Align withShareholder Interests                                                                                                             | ​ | ​ | ​ | Award Performance                                                                                                                                                                    | ​ | ​ | ​ | Sustain Growth                            | ​ | ​ | ​ | Achieve Balance                                                                                                   | ​ |
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 Attract and retain individuals with superior leadership ability and managerial talent by providing competitive compensation and rewarding outstanding performance. 
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 Ensure that NEO compensation is aligned with our corporate strategies, business objectives and the long-term interests of our shareholders. 
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 Provide an incentive to achieve