Waste Connections, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On August 8, 2025, we announced the annual renewal of our NCIB to purchase up to 12,855,691 of our common shares during the period of August 12, 2025 to August 11, 2026 or until such earlier time as the NCIB is completed or terminated at our option. The renewal followed the conclusion of our previous NCIB that expired August 11, 2025. Under the NCIB, we may make share repurchases on the TSX, the NYSE, the NYSE Texas, and/or alternative Canadian trading systems, at the prevailing market price at the time of the transaction and subject to certain volume limitations in accordance with the rules of the TSX and the SEC. The timing and amounts of any repurchases pursuant to the NCIB will depend on market conditions, share price and other factors, including potential acquisition growth opportunities. All common shares purchased under the NCIB will be immediately cancelled following their repurchase. During the three months ended March 31, 2026, we have repurchased 1.7 million of our common shares pursuant to the NCIB in effect during that period at an aggregate cost of $284.0 million, or an average price of $167.52 per share. The table below reflects repurchases we made during the three months ended March 31, 2026: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ Maximum Number ​ ​ ​ ​ ​ ​ ​ Shares Purchased ​ of Shares that ​ ​ Total Number ​ Average ​ as Part of Publicly ​ May Yet Be ​ ​ of Shares ​ Price Paid ​ Announced ​ Purchased Under Period ​ Purchased ​ Per Share (1) ​ Program (2) ​ the Program (2) 1/1/26 - 1/31/26 — ​ $ — — 11,396,255 2/1/26 - 2/28/26 730,278 ​ $ 166.31 730,278 10,665,977 3/1/26 - 3/31/26 964,771 ​ $ 168.44 964,771 9,701,206 ​ 1,695,049 ​ $ 167.52 1,695,049 ​ ​ ____________________ (a) This amount represents the weighted average price paid per common share. This price includes a per share commission and buyback taxes paid for all repurchases. (b) The annual renewal of our NCIB was announced on August 8, 2025, and unless terminated at our option, it will expire on August 11, 2026 or, if earlier, upon the purchase of the full 12,855,691 common shares authorized for purchase under the NCIB. ​