Christopher P. DeSantis - 13 Feb 2024 Form 4 Insider Report for WASTE MANAGEMENT INC (WM)

Signature
Courtney Tippy, Attorney-in-fact
Issuer symbol
WM
Transactions as of
13 Feb 2024
Net transactions value
+$242,924
Form type
4
Filing time
15 Feb 2024, 16:48:39 UTC
Previous filing
07 Dec 2023
Next filing
27 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WM Common Stock Award $445,657 +2,264 +32% $196.84 9,243 13 Feb 2024 Direct F1
transaction WM Common Stock Tax liability $133,658 -679 -7.3% $196.84 8,564 13 Feb 2024 Direct
transaction WM Common Stock Sale $69,075 -346 -4% $199.64 8,218 14 Feb 2024 Direct F2, F3
* 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.
F3 This transaction was executed in multiple trades at prices ranging from $199.63 to $199.65. 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.