North American Waste Management CEO Makes Bold $10 Million Stock Buyback

Waste Connections, Inc. (WCN) CEO Ronald J. Mittelstaedt purchased 50,000 shares of the company’s common stock on the open market on May 12, investing approximately $7.61 million (KRW 10 billion) at an average of about $152.24 per share.

Following this transaction, CEO Mittelstaedt’s direct ownership increased to approximately 301,017 shares.

In its April 23 release of first-quarter 2026 results, Waste Connections reported solid performance despite rising fuel costs, highlighting margin management through artificial intelligence and a focused M&A strategy.

On April 22, the company also announced a regular quarterly cash dividend of $0.35 per share, payable to shareholders of record as of May 21.

Waste Connections is the third-largest integrated waste services company in North America, offering residential and commercial waste collection, landfill, and recycling services across the United States and Canada.

Founder Ronald J. Mittelstaedt has led the company since its 1997 inception, served as chairman of the board from 2019, and returned as president and CEO in April 2023.