Company: WCN
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032201
Chunk: 54

Company: Waste Connections, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 54
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 RSU awards. (4) The value of a share award is based on the fair value as of the grant date of such award computed in accordance with GAAP, excluding estimates of forfeitures related to service-based vesting conditions. A discussion of the fair value of share awards is set forth under Note 3 of the “Notes to Consolidated Financial Statements” included in 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. (5) Represents the range of possible payouts of Common Shares upon the vesting of PSUs granted in fiscal year 2024 under the 2016 Plan. Awards are capped at the maximum, and no awards will vest unless the pre-established threshold performance level is met or exceeded. The “Grant Date Fair Value of Share Awards” represents the value of PSUs based on the expected outcome as of the date of grant. This result is based on (i) achieving the target level of a return on invested capital, or ROIC; (ii) achieving the target level of a free cash flow/share CAGR goal; and (iii) achieving the target level of progress towards the long-term ESG and sustainability targets, as modified by the Company’s relative TSR. See “Compensation Discussion and Analysis — Equity-Based Compensation” for more information regarding PSU awards.

2025 Proxy • Waste Connections, Inc. 59

TABLE OF CONTENTS Executive Compensation Tables and Additional Information

Outstanding Equity Awards at 2024 Fiscal Year End The following table summarizes RSUs and PSUs that have not vested and related information for each of our NEOs as of December 31, 2024.

| ​ | ​                      | ​ | ​   | ​            | ​ | ​   | ​ | ​ | ​        | ​         | ​ | ​        | ​ | ​ | ​         | SHARE AWARDS                                   |   |           |   |   |           |                                                         |   |         |   |   |        |                                                                                                       |   |   |   |   |           |                                                                                                                       |   |   |   | ​ |
| ​ | NAME                   | ​ | ​   | AWARDTYPE(1) |   |     |   | ​ | ​        | GRANTDATE |   |          |   | ​ | ​         | NUMBER OFSHARES OR UNITSTHAT HAVE NOTVESTED(#) |   |