John J. Morris - 09 Aug 2022 Form 4 Insider Report for WASTE MANAGEMENT INC (WM)

Role
EVP & Chief Operation Officer
Signature
Courtney Tippy, Attorney-in-fact
Issuer symbol
WM
Transactions as of
09 Aug 2022
Net transactions value
-$3,871,154
Form type
4
Filing time
10 Aug 2022, 15:09:11 UTC
Previous filing
29 Apr 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WM Common Stock Options Exercise $1,752,226 +13,906 +15% $126.00 109,367 09 Aug 2022 Direct
transaction WM Common Stock Options Exercise $984,990 +8,889 +8.1% $110.81 118,256 09 Aug 2022 Direct
transaction WM Common Stock Sale $3,871,154 -22,795 -19% $169.82 95,461 09 Aug 2022 Direct F1
holding WM Common Stock 2,295 09 Aug 2022 By 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WM Stock Option (Right to Buy) Options Exercise $1,752,226 -13,906 -50% $126.00 13,907 09 Aug 2022 Common Stock 13,906 $126.00 Direct F2
transaction WM Stock Option (Right to Buy) Options Exercise $984,990 -8,889 -33% $110.81 17,778 09 Aug 2022 Common Stock 8,889 $110.81 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $169.70 to $170.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Stock option granted pursuant to Waste Management, Inc. 2014 Stock Incentive Plan. The stock option vests 25% on the first and second anniversary of the date of grant with the remaining 50% on the third anniversary of the date of grant.
F3 Stock option granted pursuant to Waste Management, Inc. 2014 Stock Incentive Plan. The stock option vests 34% on the first anniversary of the date of grant with 33% vesting on the 2nd and 3rd anniversary of the date of grant.