Waste Connections Management

Management criteria checks 3/4

Waste Connections' CEO is Ron Mittelstaedt, appointed in Apr 2023, has a tenure of 1.08 years. total yearly compensation is $5.76M, comprised of 15.5% salary and 84.5% bonuses, including company stock and options. directly owns 0.093% of the company’s shares, worth CA$53.45M. The average tenure of the management team and the board of directors is 5.8 years and 10 years respectively.

Key information

Ron Mittelstaedt

Chief executive officer

US$5.8m

Total compensation

CEO salary percentage	15.5%
CEO tenure	1.1yrs
CEO ownership	0.09%
Management average tenure	5.8yrs
Board average tenure	10yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ron Mittelstaedt's remuneration changed compared to Waste Connections's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$795m
Dec 31 2023	US$6m	US$892k	US$763m
Sep 30 2023	n/a	n/a	US$830m
Jun 30 2023	n/a	n/a	US$838m
Mar 31 2023	n/a	n/a	US$853m
Dec 31 2022	US$3m	US$500k	US$836m
Sep 30 2022	n/a	n/a	US$808m
Jun 30 2022	n/a	n/a	US$685m
Mar 31 2022	n/a	n/a	US$638m
Dec 31 2021	US$3m	US$500k	US$618m
Sep 30 2021	n/a	n/a	US$582m
Jun 30 2021	n/a	n/a	US$626m
Mar 31 2021	n/a	n/a	US$222m
Dec 31 2020	US$1m	n/a	US$205m
Sep 30 2020	n/a	n/a	US$207m
Jun 30 2020	n/a	n/a	US$208m
Mar 31 2020	n/a	n/a	US$584m
Dec 31 2019	US$3m	US$769k	US$567m
Sep 30 2019	n/a	n/a	US$566m
Jun 30 2019	n/a	n/a	US$558m
Mar 31 2019	n/a	n/a	US$548m
Dec 31 2018	US$14m	US$947k	US$547m
Sep 30 2018	n/a	n/a	US$729m
Jun 30 2018	n/a	n/a	US$702m
Mar 31 2018	n/a	n/a	US$687m
Dec 31 2017	US$5m	US$947k	US$577m

Compensation vs Market: Ron's total compensation ($USD5.76M) is about average for companies of similar size in the Canadian market ($USD8.19M).

Compensation vs Earnings: Ron's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Ron Mittelstaedt (60 yo)

1.1yrs

Tenure

US$5,755,053

Compensation

Mr. Ronald J. Mittelstaedt, also known as Ron, is the Founder of Waste Connections, Inc. and served as its Executive Chairman since July 25, 2019 until April 23, 2023. He serves as President and Chief Exec...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ronald Mittelstaedt	Founder	1.1yrs	US$5.76m	0.093% $ 53.5m
Mary Whitney	Executive VP & CFO	5.8yrs	US$2.58m	0.025% $ 14.6m
Darrell Chambliss	COO & Executive VP	20.6yrs	US$2.61m	0.041% $ 23.7m
Patrick Shea	Executive VP	20.3yrs	US$2.33m	0.0074% $ 4.3m
James Little	Executive Vice President of Engineering & Disposal	15.3yrs	US$2.09m	0.011% $ 6.3m
Matthew Black	Senior VP & Chief Accounting Office	1.3yrs	no data	0.013% $ 7.5m
Eric Hansen	Senior VP & Chief Information Officer	19.8yrs	no data	0.0046% $ 2.6m
Joe Box	Vice President of Investor Relations	less than a year	no data	no data
John Perkey	VP & Deputy General Counsel of Compliance and Government Affairs	2.3yrs	no data	no data
Colin Wittke	Vice President of Sales & Customer Engagement	no data	no data	no data
Susan Netherton	Senior Vice President of People	10.8yrs	no data	0.0047% $ 2.7m
David Eddie	Senior Vice President of Performance Optimization	1.3yrs	US$1.23m	0.012% $ 6.9m

5.8yrs

Average Tenure

58yo

Average Age

Experienced Management: WCN's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ronald Mittelstaedt	Founder	26.7yrs	US$5.76m	0.093% $ 53.5m
William Razzouk	Independent Director	26yrs	US$306.71k	0.0023% $ 1.3m
Susan Lee	Independent Director	10yrs	US$281.71k	0.0045% $ 2.6m
Michael W. Harlan	Non-Executive Chairman & Lead Independent Director	26yrs	US$331.71k	0.0037% $ 2.1m
Edward Guillet	Independent Director	17.2yrs	US$296.71k	0.012% $ 7.1m
Larry Hughes	Independent Director	10yrs	US$181.71k	0.0063% $ 3.7m
Carl Sparks	Independent Director	less than a year	no data	0.000060% $ 34.6k
Andrea Bertone	Independent Director	1.5yrs	US$281.71k	0% $ 0
Elise Jordan	Independent Director	4.8yrs	US$306.71k	0.0010% $ 593.9k

10.0yrs

Average Tenure

63yo

Average Age

Experienced Board: WCN's board of directors are seasoned and experienced ( 10 years average tenure).

Waste Connections Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold CA$1.4m worth of stock

Waste Connections, Inc., Annual General Meeting, May 17, 2024

Executive VP recently sold CA$2.0m worth of stock

Waste Connections, Inc. Appoints Carl D. Sparks to Board of Directors, Effective March 1, 2024

Independent Director recently sold CA$554k worth of stock

Waste Connections, Inc., Annual General Meeting, May 19, 2023

Recent updates

Waste Connections, Inc. (NYSE:WCN) acquired Pioneer Recycling Services, LLC from Delos Capital Management, LP and The Silverfern Group, Inc.

First quarter dividend of US$0.28 announced

First quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Waste Connections, Inc. Announces Regular Quarterly Cash Dividend, Payable on May 23, 2024

Waste Connections, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Insider recently sold CA$1.4m worth of stock

Waste Connections, Inc., Annual General Meeting, May 17, 2024

Executive VP recently sold CA$2.0m worth of stock

Waste Connections, Inc. Appoints Carl D. Sparks to Board of Directors, Effective March 1, 2024

Upcoming dividend of US$0.28 per share

Fourth quarter dividend of US$0.28 announced

Waste Connections, Inc. Provides Earnings Guidance for the Year 2024

Full year 2023 earnings: EPS misses analyst expectations

Waste Connections, Inc. to Report Q4, 2023 Results on Feb 13, 2024

Upcoming dividend of US$0.28 per share at 0.8% yield

New major risk - Financial position

Third quarter 2023 earnings: EPS misses analyst expectations

Waste Connections, Inc. Increases Regular Quarterly Cash Dividend, Payable on November 28, 2023

Waste Connections, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.26 per share at 0.7% yield

Waste Connections, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Waste Connections, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 30, 2023

Second quarter 2023 earnings: EPS misses analyst expectations

Waste Connections, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.26 per share at 0.7% yield

First quarter 2023 earnings: EPS exceeds analyst expectations

Independent Director recently sold CA$554k worth of stock

Upcoming dividend of US$0.26 per share at 0.7% yield

Waste Connections, Inc., Annual General Meeting, May 19, 2023

Waste Connections, Inc. Provides Earnings Guidance for 2023

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Waste Connections Announces Regular Quarterly Cash Dividend, Payable on March 15, 2023

Waste Connections, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Waste Connections, Inc. Appoints Matthew S. Black as the Senior Vice President – Chief Accounting Officer, Effective February 20, 2023

Waste Connections, Inc. Appoints Andrea E. Bertone to its Board of Directors

Insufficient new directors

Senior VP & Chief Information Officer recently sold CA$739k worth of stock

Upcoming dividend of US$0.26 per share

Third quarter 2022 earnings: EPS exceeds analyst expectations

Waste Connections, Inc. Declares Quarterly Cash Dividend, Payable on December 1, 2022

Now 22% undervalued

Waste Connections, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Executive VP recently sold CA$1.3m worth of stock

Waste Connections, Inc. (NYSE:WCN) acquired Lone Star Disposal, LP from J.F. Lehman and Company, LLC.

Chief Tax Officer & Senior VP recently sold CA$1.5m worth of stock

Upcoming dividend of US$0.23 per share

Now 20% undervalued

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Waste Connections, Inc. Revises Earnings Guidance for the Year 2022

Insufficient new directors

Waste Connections, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$0.23 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Waste Connections, Inc. Announces Regular Quarterly Cash Dividend, Payable on June 1, 2022

Waste Connections, Inc. to Report Q1, 2022 Results on May 03, 2022

Upcoming dividend of US$0.23 per share

Full year 2021 earnings: EPS misses analyst expectations

Waste Connections, Inc. Provides Earnings Guidance for the Year 2022

Waste Connections, Inc., Annual General Meeting, May 13, 2022

Now 20% undervalued after recent price drop

Insider recently sold CA$218k worth of stock

COO & Executive VP recently sold CA$2.1m worth of stock

Upcoming dividend of US$0.23 per share

Third quarter 2021 earnings released: EPS US$0.44 (vs US$0.60 in 3Q 2020)

Waste Connections, Inc. (NYSE:WCN) acquired E.L. Harvey & Sons Inc. from the family.

Insider recently sold CA$2.0m worth of stock

Upcoming dividend of US$0.20 per share

Waste Connections, Inc. Revises Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS US$0.68 (vs US$0.86 loss in 2Q 2020)