Company: WCN
Filing Date: 2025-04-04
Form Type: DEF 14A
Source: 0001104659-25-032201
Chunk: 49

Company: Waste Connections, Inc.
Filing Date: 2025-04-04
Form: DEF 14A
Chunk 49
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 metrics; • We set annual performance goals to avoid targets that, if not achieved, result in a large percentage loss of compensation; • Payouts under our performance-based plans remain at the discretion of our Board of Directors and may be reduced even if targeted performance levels are achieved; • Payouts under our performance-based plans can result in some compensation at levels below full target achievement, rather than an “all-or-nothing” approach; • Our NEOs receive annual cash incentive bonus awards only if cash incentive bonus awards payable to other employees have been made; • We have adopted a clawback policy which allows us to seek recovery of certain incentive cash and equity compensation if it is earned based on inaccurate financial statements; • We use RSUs rather than share options for equity awards because RSUs retain value even in a depressed market; recipient employees are less likely to take unreasonable risks to get, or keep, share options “in-the-money;” • Equity-based compensation with time-based vesting over a multi-year schedule accounts for a time horizon of risk and ensures that participating employee interests are aligned with the long-term interests of our shareholders; • Share ownership guidelines require members of our Board of Directors, our NEOs, and other corporate officers to maintain certain ownership levels in Common Shares, which aligns a portion of their personal wealth to the long-term performance of the Company; • We have adopted a policy that prohibits members of our Board of Directors, our NEOs, and other corporate officers from engaging in transactions designed to hedge against the economic risks associated with an investment in Common Shares or pledging Common Shares; and • Our Compensation Committee periodically utilizes an independent compensation consultant that performs no other services for the Company.

56 2025 Proxy • Waste Connections, Inc.

TABLE OF CONTENTS Executive Compensation Tables and Additional Information

Summary Compensation Table The following table summarizes the total compensation earned by each of our NEOs in 2024, 2023 and 2022.

| ​ | NAME AND PRINCIPALPOSITION                                             | ​ |    ​ | YEAR |   |      |   | ​ |       ​ | SALARY($)(1) |   |           |   | ​ |       ​ | BONUS($) |   |   |   | ​ |         ​ | SHAREBASEDAWARDS($)(2) |   |           |   | ​ | ​ | OPTIONBASEDAWARDS($) |   |   |   | ​ |         ​ | NON-EQUITYINCENTIVE PLANCOMPENSATION($) |   |           |   | ​