Steves Sean 4

What Happened

• Sean Steves, Senior Vice President and COO of Solid Waste Operations at Casella Waste Systems (CWST), executed two sales totaling 294 shares: 97 shares on 2026-03-12 at $89.71 ($8,702) and 197 shares on 2026-03-16 at $87.80 ($17,297). Total proceeds were $25,999.
• These transactions were sales (not purchases). They were sell‑to‑cover transactions tied to tax withholding for vested restricted stock units (RSUs), which are routine and do not necessarily indicate a change in insider sentiment.

Key Details

• Transaction dates and prices:
  • 2026-03-12: 97 shares sold at $89.71 — $8,702
  • 2026-03-16: 197 shares sold at $87.80 — $17,297
• Total shares sold: 294; total proceeds: $25,999.
• Shares owned after the transactions: not included in the provided filing excerpt.
• Footnote: The sales were sell‑to‑cover to satisfy tax withholding for vested RSUs, effected under an automatic sell‑to‑cover instruction adopted by the reporting person on August 2, 2023. These were not discretionary sales by the insider.
• Filing timeliness: Form 4 was filed on 2026-03-16 reporting the 03-12 and 03-16 transactions — this filing appears to meet the standard two-business‑day reporting requirement for officers.

Context

• Sell‑to‑cover transactions are common when restricted shares vest; they are a tax-management step rather than a directional bet on the stock.
• For retail investors, purchases by insiders often carry more interpretive weight than routine sell‑to‑cover sales.