Transaction details
Casella Waste Systems NASDAQ:CWST reported that Kevin Drohan, the company's vice president and chief accounting officer, sold 675 shares of Class A Common Stock on February 27, 2026. The sale price was $92.61 per share, producing proceeds of $62,511. According to a Form 4 filing with the Securities and Exchange Commission, the disposition was executed automatically under a previously adopted sell-to-cover instruction to cover tax withholding tied to the vesting of performance-based stock units (PSUs).
Vesting and mechanics
The PSUs in question were originally granted on March 10, 2023. The Form 4 indicates the sell-to-cover instruction was adopted by Drohan on August 2, 2023. On February 26, 2026, one day before the sale, Drohan acquired 2,452 shares of Class A Common Stock upon the vesting of those performance-based awards. The filing shows those newly vested shares were recorded with a value of $0 at the time of acquisition, reflecting the mechanics of the PSU vesting and the subsequent sell-to-cover sale to meet withholding obligations.
Post-transaction holdings
After these transactions, Drohan directly owns 7,462 shares of Casella Waste Systems Class A Common Stock.
Company financials noted in filing
The insider activity comes alongside Casella Waste Systems reporting fourth-quarter 2025 results. The company posted earnings per share of $0.30, above analysts’ consensus of $0.25. Revenue for the quarter totaled $469.1 million, slightly under the expected $470.95 million. The release and these figures produced a mixed set of signals: an EPS beat contrasted with a modest revenue shortfall versus forecasts.
Investor context
Both the insider transaction and the quarterly results were disclosed in regulatory filings and the company earnings release. The filing clarifies that the sale was a routine, automated step to satisfy tax withholding associated with the PSU vesting rather than an open-market discretionary sale beyond the specified sell-to-cover instruction. Investors continue to track Casella’s financial metrics and insider holdings as part of assessing the company’s ongoing performance.
Note on information limits
All details above are drawn from the Form 4 filing and the company’s published fourth-quarter 2025 results. Where specifics were not provided in those disclosures, this report notes the limitation rather than inferring additional motives or outcomes.