Company: WCN
Filing Date: 2025-10-22
Form Type: 10-Q
Source: 0001104659-25-101349
Chunk: 4

Company: Waste Connections, Inc.
Filing Date: 2025-10-22
Form: 10-Q
Item: Part II, Item 1
Chunk 4
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Item 1.Legal Proceedings

Information regarding our legal proceedings can be found in Note 17 of our Condensed Consolidated Financial Statements included in Part I, Item 1 of this report and is incorporated herein by reference.

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Item 2.Unregistered Sales of Equity Securities and Use of Proceeds  

On July 22, 2025, our Board of Directors approved, subject to receipt of regulatory approvals, the annual renewal of our NCIB to purchase up to 12,855,691 of our common shares during the period of August 12, 2025 to August 11, 2026 or until such earlier time as the NCIB is completed or terminated at our option. The renewal followed the conclusion of our NCIB that expired August 11, 2025.  We received TSX approval for our annual renewal of the NCIB on August 8, 2025.  Under the NCIB, we may make share repurchases only in the open market, including on the TSX, the NYSE, the NYSE Texas, and/or alternative Canadian trading systems, at the prevailing market price at the time of the transaction.  The timing and amounts of any repurchases pursuant to the NCIB will depend on many factors, including our capital structure, the market price of the common shares, any buyback taxes applicable and overall market conditions.  All common shares purchased under the NCIB shall be immediately cancelled following their repurchase. As of September 30, 2025, we have repurchased 2.4 million of our common shares pursuant to the NCIB in effect during that period at an aggregate cost of $442.2 million, or an average price of $184.75 per share.  The table below reflects repurchases we made during the three months ended September 30, 2025 (in thousands of U.S. dollars, except share and per share amounts): 

​​​​​​​​​​​    ​    ​​    Total Number of    Maximum Number​​​​​​​Shares Purchased​of Shares that​​Total Number​Average​as Part of Publicly​May Yet Be​​of Shares​Price Paid​Announced​Purchased UnderPeriod​Purchased​Per Share (1)​Program​the Program7/1/25 - 7/31/25  1,297,239​$