John J. Morris - 04 Dec 2023 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
04 Dec 2023
Net transactions value
-$1,538,782
Form type
4
Filing time
05 Dec 2023, 15:17:19 UTC
Previous filing
09 Mar 2023
Next filing
15 Feb 2024
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 $984,990 +8,889 +9.3% $110.81 104,350 04 Dec 2023 Direct
transaction WM Common Stock Sale $1,538,782 -8,889 -8.5% $173.11 95,461 04 Dec 2023 Direct F1
holding WM Common Stock 2,334 04 Dec 2023 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 $984,990 -8,889 -50% $110.81 8,889 04 Dec 2023 Common Stock 8,889 $110.81 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $172.76 to $173.5170. 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 34% on the first anniversary of the date of grant with 33% vesting on the 2nd and 3rd anniversary of the date of grant.