Rafael Carrasco - 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
+$246,431
Form type
4
Filing time
15 Feb 2024, 16:48:24 UTC
Previous filing
09 Mar 2023
Next filing
26 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WM Common Stock Award $414,162 +2,104 +17% $196.84 14,360 13 Feb 2024 Direct F1
transaction WM Common Stock Tax liability $103,737 -527 -3.7% $196.84 13,833 13 Feb 2024 Direct
transaction WM Common Stock Sale $63,994 -321 -2.3% $199.36 13,512 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 $199.345 to $199.38. 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.