01—Abstract
Summary
Summary of the 8-K filed August 7, 2026. Cited figures are marked; the original filing is the authoritative source.
On August 7, 2026, Waste Connections, Inc. announced that the Toronto Stock Exchange approved the annual renewal of its normal course issuer bid (NCIB) for potential share repurchases.
The renewed NCIB will follow the expiration of the current NCIB on August 11, 2026, and covers purchases during the period from August 12, 2026, to August 11, 2027, or until an earlier completion or termination at the Company's option. The Company may buy up to 12,578,462 common shares, which the filing states is 5%a of its 251,569,244 issued and outstanding common shares as of July 31, 2026. All repurchased shares will be cancelled.
The filing states that repurchases will be made on the open market at prevailing prices through the TSX, the NYSE, NYSE Texas and/or alternative Canadian trading systems. Management will base decisions on market conditions, share price and other factors, including potential acquisition growth opportunities. The Company says the renewal reflects its objective to return capital to shareholders over time.
Daily purchase limits are set by TSX and NYSE rules, with the TSX daily cap at 95,113 shares, based on 25%b of average daily TSX trading volume of 380,453 shares. Under the 2025 NCIB, the Company had obtained approval to purchase up to 12,855,691 common shares for cancellation.
As of August 6, 2026, it had bought 6,103,527 common shares through the NYSE under that program. The filing is a routine Item 8.01 disclosure that furnishes the press release as Exhibit 99.1.
02—Key points
Key Highlights
- TSX approved the annual renewal of Waste Connections' normal course issuer bid, effective after the current NCIB expires on August 11, 2026.
- The renewed NCIB authorizes repurchase of up to 12,578,462 common shares, stated as 5% of 251,569,244 shares outstanding as of July 31, 2026.
- Repurchases may run from August 12, 2026, to August 11, 2027, or end earlier at the Company's option.
- Under the 2025 NCIB, 6,103,527 shares had been purchased through the NYSE as of August 6, 2026, against an approved maximum of 12,855,691 shares.
- Daily TSX repurchases are capped at 95,113 shares, equal to 25% of average daily TSX trading volume of 380,453 shares from February 1 to July 31, 2026.
- All repurchased shares will be cancelled, and decisions depend on market conditions, share price and other factors, including acquisition opportunities.
- The Company describes the renewal as consistent with its objective to return capital to shareholders over time.
03—Questions
Frequently Asked Questions
What did Waste Connections announce in this filing?
The Company announced that the Toronto Stock Exchange approved the annual renewal of its normal course issuer bid for potential share repurchases, to take effect after the current program expires on August 11, 2026.
How many shares can the company repurchase under the renewed NCIB?
The Company may purchase up to 12,578,462 common shares, which the filing states is 5% of its 251,569,244 issued and outstanding common shares as of July 31, 2026.
What is the time period for the renewed program?
Purchases are authorized from August 12, 2026, to August 11, 2027, or until the program is completed or terminated earlier at the Company's option.
How will the repurchased shares be treated?
All common shares purchased under the NCIB will be cancelled.
How much had the Company already repurchased under the prior program?
As of August 6, 2026, the Company had purchased 6,103,527 common shares through the NYSE under the 2025 NCIB, which had approval for up to 12,855,691 shares.
04—Continue