Rafael Carrasco - Feb 20, 2024 Form 4 Insider Report for WASTE MANAGEMENT INC (WM)

Role
SVP of Enterprise Strategy
Signature
Courtney Tippy, Attorney-in-fact
Stock symbol
WM
Transactions as of
Feb 20, 2024
Transactions value $
-$539,204
Form type
4
Date filed
2/21/2024, 04:29 PM
Previous filing
Feb 15, 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 Options Exercise $274K +3.21K +23.73% $85.34 16.7K Feb 20, 2024 Direct
transaction WM Common Stock Options Exercise $73.3K +1K +5.98% $73.34 17.7K Feb 20, 2024 Direct
transaction WM Common Stock Sale -$471K -2.33K -13.13% $202.66 15.4K Feb 20, 2024 Direct F1
transaction WM Common Stock Sale -$67.8K -335 -2.18% $202.41 15.1K Feb 21, 2024 Direct

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 -$274K -3.21K -100% $85.34 0 Feb 20, 2024 Common Stock 3.21K $85.34 Direct F2
transaction WM Stock Option (Right to Buy) Options Exercise -$73.3K -1K -100% $73.34 0 Feb 20, 2024 Common Stock 1K $73.34 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 $202.55 to $202.6909. 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.