Company: WCN
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032201
Chunk: 41

Company: Waste Connections, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 41
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 below the target of 100%. The Compensation Committee also determined that the absolute increase in ROIC over the 3-year performance period ended December 31, 2024, was 117 basis points, as compared to a target threshold of 125 basis points. Using annual calculations, as provided in the plan design, resulted in an achievement percentage of 97.8%. ESG metric progress for the six applicable targets included one metric improving in all three years and five metrics improving in two of three years, resulting in achievement of 25%. In addition, the TSR modifier applied was 7.3% based on the Company’s performance relative to the S&P 500 during the twelve quarters of the measurement period. The resulting combined weighted average achievement, further adjusted for the TSR modifier, was 113.6% of the target grant amount. Please refer to the CD&A Appendix at the end of this CD&A on page 54for details regarding the calculation of our results for 2021 and 2024 for the adjusted free cash flow per share measure and the ROIC improvement measure. The target amount of 2022 PSUs for each participant and number of Common Shares earned for the 2022-2024 performance period are shown below.

| ​ | NAME                   | ​ | ​ | TARGETAMOUNT OFPSUS | ​ | ​ | COMMONSHARESEARNED | ​ | ​ | COMMON SHARESEARNED AS% TARGET | ​ |
| ​ | Ronald J. Mittelstaedt | ​ | ​ |               3,512 | ​ | ​ |              3,990 | ​ | ​ | 113.6%                         | ​ |
| ​ | Mary Anne Whitney      | ​ | ​ |               5,744 | ​ | ​ |              6,525 | ​ | ​ | 113.6%                         | ​ |
| ​ | Darrell W. Chambliss   | ​ | ​ |               6,198 | ​ | ​ |              7,041 | ​ | ​ | 113.6%                         | ​ |
| ​ | Patrick J. Shea        | ​ | ​ |               5,020 | ​ | ​ |              5,703 | ​ | ​ | 113.6%                         | ​ |
| ​ | James M. Little        | ​ | ​ |               4,896 | ​ | ​ |              5,562 | ​ | ​ | 113.6%                         | ​ |

Other Benefits and