Company: WCN
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032201
Chunk: 32

Company: Waste Connections, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 32
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assesses whether the work of Pearl Meyer raises any conflict of interest. No conflict of interest was determined to exist with respect to Pearl Meyer’s services as a compensation consultant during the last fiscal year. Comparator Group Compensation Data The Compensation Committee periodically analyzes the compensation practices of a Comparator Group to assess our competitiveness with the market. In doing so, it takes into account factors such as the relative size and financial performance of those companies and factors that differentiate us from them. Criteria used for establishing the Comparator Group include: (1) organization size, with financial characteristics such as revenue, free cash flow, capital expenditures, EBITDA, market capitalization or enterprise value similar to those of the Company; (2) country of domicile, including Canada and the United States; and (3) industry, including companies in the environmental, facilities and diversified support services, transportation, oil and gas equipment and services, distribution, and construction materials industries. Due to limited peers in Canada, the industry criteria were broader for Canadian companies. The Compensation Committee independently retained Pearl Meyer in October 2023 to review the compensation of the Company’s NEOs against the Comparator Group and survey information of similarly sized organizations. As part of that review, the Compensation Committee referred to the following Comparator Group:

| ​ | COMPANY                            | ​ | ​ | 2024 FISCAL YEARREVENUE($MIL) | ​ | ​ | 12/31/2024 MARKETCAPITALIZATION($MIL) | ​ | ​ | 2024 FISCAL YEAR-END TOTALEMPLOYEES | ​ |
| ​ | Cintas Corporation                 | ​ | ​ |                        $9,597 | ​ | ​ |                               $73,719 | ​ | ​ |                              46,500 | ​ |
| ​ | CSX Corporation                    | ​ | ​ |                        14,540 | ​ | ​ |                                62,230 | ​ | ​ |                              23,500 | ​ |
| ​ | Fastenal Company                   | ​ | ​ |                         7,546 | ​ | ​ |                                41,196 | ​ | ​ |                              23,702 | ​ |
| ​ | Fortive Corporation                | ​ | ​ |                         6,232 | ​ | ​ |                                26,021 | ​ | ​ |                              18,000 | ​ |
| ​ | J.B. Hunt Transport Services, Inc. | ​ | ​ |                        12,087 | ​ | ​ |                                17,208