Johnson Varkey - Feb 13, 2024 Form 4 Insider Report for WASTE MANAGEMENT INC (WM)

Signature
Courtney Tippy, Attorney-in-fact
Stock symbol
WM
Transactions as of
Feb 13, 2024
Transactions value $
$740,576
Form type
4
Date filed
2/15/2024, 04:48 PM
Previous filing
Jan 10, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WM Common Stock Award $1.24M +6.32K +182.37% $196.85 9.78K Feb 13, 2024 Direct F1
transaction WM Common Stock Tax liability -$349K -1.77K -18.12% $196.85 8.01K Feb 13, 2024 Direct
transaction WM Common Stock Sale -$154K -775 -9.68% $198.57 7.23K Feb 14, 2024 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 Settlement of performance share award granted under Waste Management, Inc. 2014 Stock Incentive Plan
F2 Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.