CASELLA DOUGLAS R 4

What Happened
Douglas R. Casella, Vice Chairman and director of Casella Waste Systems (CWST), reported gifts totaling 146,000 shares (40,000 + 40,000 + 33,000 + 33,000) on March 17–18, 2026. Each transfer is reported at $0.00 per share (gifts), so no cash changed hands and the reported total value is $0. The Form 4 shows both “disposed” and “acquired” entries consistent with transfers into Spousal Lifetime Access Trusts (SLATs) and related trustee roles.

Key Details

• Transaction dates: March 17 and March 18, 2026. Price per share: $0.00 (gift). Total shares transferred: 146,000. Reported cash value: $0.
• Filing date: March 24, 2026 — several days after the March 17–18 transactions. Form 4s are generally due within two business days, so this filing appears later than the typical deadline.
• Shares owned after transaction: not specified in the provided transaction summary (not reported here).
• Notable footnotes:
  • F1/F2: Transfers to "SLAT 2" for Mr. Casella’s benefit; spouse is trustee of SLAT 2. Prior filings misidentified the trustee.
  • F3/F5: Transfers to a SLAT for the benefit of Mr. Casella’s spouse; Mr. Casella is trustee and prior filings misidentified the trustee. Mr. Casella disclaims beneficial ownership to the extent he has no pecuniary interest (F4/F5).
• Transaction code: G = Gift (non-market transfer).

Context

• Gifts do not represent a market purchase or sale and are not a direct signal of the insider’s view on the stock price. These transfers are estate/planning moves involving spousal trusts and trustee role adjustments, per the footnotes.
• The filing shows both dispositions and acquisitions because of transfers between Mr. Casella in different capacities and the SLATs; footnotes clarify trusteeship and beneficiary relationships.