Casella Waste Systems (CWST) director awarded RSUs, auto sells shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Casella Waste Systems director John W. Casella reported both an equity award and routine share sales. He received 5,513 Restricted Stock Units of Class A Common Stock on March 12, 2026 under the company’s 2016 Incentive Plan, with the RSUs vesting in three equal annual installments beginning on March 12, 2027.
To cover tax withholding from previously vested RSUs, he sold 963 Class A shares on March 12, 2026 at a weighted average price of $90.06 and 1,744 Class A shares on March 16, 2026 at a weighted average price of $87.77. These sales were executed under an automatic sell-to-cover instruction adopted on August 22, 2023. After these transactions, he directly holds 30,795 Class A shares and additional Class B and Class A shares through trusts and his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,707 shares ($239,799)
Net Sell
8 txns
Insider
CASELLA JOHN W
Role
Director
Sold
2,707 shs ($240K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,744 | $87.77 | $153K |
| Grant/Award | Class A Common Stock | 5,513 | $0.00 | -- |
| Sale | Class A Common Stock | 963 | $90.06 | $87K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 30,795 shares (Direct);
Class B Common Stock — 137,000 shares (Indirect, by SLAT 2);
Class B Common Stock — 166,000 shares (Direct);
Class A Common Stock — 694 shares (Indirect, By Spouse)
Footnotes (1)
- Represents the award of Restricted Stock Units (RSUs) under the Casella Waste Systems, Inc. Amended and Restated 2016 Incentive Plan. Each RSU represents a contingent right to receive one share of Casella's Class A Common Stock. RSUs vest in three equal annual installments beginning on March 12, 2027. Represents the sale of shares of Class A Common Stock pursuant to a "sell-to-cover" transaction in order to satisfy tax withholding obligations in connection with the vesting of RSUs previously granted to the reporting person. This sale was effected pursuant to an automatic sell-to-cover instruction adopted by the reporting person on August 22, 2023 and does not represent a discretionary sale by the reporting person. Represents the weighted average sales price for shares sold in multiple transactions, ranging from $87.77 to $87.85. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price. Held by the Spousal Lifetime Access Trust for the benefit of Mr. Casella ("SLAT 2"). Mr. Casella is the trustee of the SLAT 2. Held by the Spousal Lifetime Access Trust for the benefit of Mr. Casella's spouse ("SLAT"). Mr. Casella's spouse is the trustee of the SLAT. Mr. Casella disclaims beneficial ownership of the securities indicated to the extent to which he does not have an actual pecuniary interest in such securities. Held by Mr. Casella's spouse. Mr. Casella disclaims beneficial ownership of the securities indicated to the extent to which he does not have an actual pecuniary interest in such securities.
FAQ
What insider transactions did CWST director John W. Casella report?
He reported receiving 5,513 Restricted Stock Units of Class A Common Stock and selling 2,707 Class A shares. The sales were used to cover tax withholding obligations tied to previously vested RSUs, rather than discretionary open-market selling.
How many RSUs did CWST grant to John W. Casella and when do they vest?
He received 5,513 Restricted Stock Units of Class A Common Stock. Each RSU converts into one share, vesting in three equal annual installments starting on March 12, 2027, providing a multi-year equity-based incentive linked to continued service.
How are the new CWST RSUs structured for John W. Casella?
Each Restricted Stock Unit represents a contingent right to receive one share of Casella’s Class A Common Stock. The 5,513 RSUs vest in three equal annual tranches beginning March 12, 2027, aligning compensation with longer-term company performance and service.