This insider cluster is too small to warrant a trading signal. Monitor for any C-suite selling or a material increase in volume/percentage of market cap. The next quarterly earnings release will be the primary catalyst for WCN.
Price Chart
Executive Summary
Two senior VPs at Waste Connections sold a combined $707K in open-market sales over a one-week window. The total is ~0.0016% of market cap, far below the 0.1% materiality threshold, making this a routine liquidity-driven cluster with no informational signal. Historical calibration shows prior bullish/long calls on WCN have underperformed, reinforcing a neutral read on this trivial insider activity.
Key Financial Metrics
Key Facts
- Two senior VPs sold shares: Susan Netherton (Sr VP People, Training & Dev) sold 1,800 shares at ~$166.00 for $291K on 2026-08-13
- Philip Rivard (Sr VP Business Development) sold 2,500 shares at $166.57 for $416K on 2026-08-18
- Total cluster value of $707K represents ~0.0016% of WCN's $43.1B market cap
- No C-suite executives (CEO/CFO) participated in the cluster
- Sales are below the 0.1% of market cap threshold for materiality
Financial Impact
Total insider sales of $707K, representing 0.0016% of market cap — immaterial
Risk Factors
- Insider sales could accelerate if broader market or sector weakness emerges
- No C-suite buying to offset the selling pattern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-WCN-1787292268551 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Insider Cluster | $169.40 $155.33 | ▼ −8.31% | ▼ −8.03% | $151.54 (−10.54%) |
Aug 20, 2026 6w ago | Insider Cluster | $168.33 $155.33 | ▼ −7.72% | ▼ −7.72% | $151.54 (−9.97%) |
Jul 31, 2026 9w ago | Insider Cluster | $167.38 $165.93 | ▼ −0.87% | ▼ −3.85% | $151.54 (−9.46%) |
Jul 27, 2026 9w ago | 424B5 | $169.35 $168.97 | ▼ −0.22% | ▼ −3.52% | $151.54 (−10.51%) |
Jun 9, 2026 16w ago | Insider Cluster | $159.03 $170.14 | ▲ +6.99% | ▲ +3.36% | $151.54 (−4.71%) |
May 15, 2026 19w ago | 8-K | $158.92 $157.07 | ▼ −1.16% | ▼ −2.75% | $151.54 (−4.64%) |
May 12, 2026 20w ago | Insider Cluster | $156.61 $154.98 | ▼ −1.04% | ▼ −3.16% | $151.54 (−3.23%) |
Apr 27, 2026 22w ago | 144 | $163.18 $153.68 | ▼ −5.82% | ▼ −11.29% | $151.54 (−7.13%) |
Apr 23, 2026 23w ago | DEFA14A | $165.70 $155.77 | ▼ −5.99% | ▼ −10.02% | $151.54 (−8.54%) |
Apr 22, 2026 23w ago | 8-K | $168.52 $156.98 | ▼ −6.85% | ▼ −11.48% | $151.54 (−10.07%) |
US Market Status
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