Waste Management (NYSE: WM) awards stock options to sustainability chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waste Management, Inc. reported that SVP & Chief Sustainability Officer Tara J. Hemmer received a grant of 8,405 stock options classified as a "Stock Option (Right to Buy)." These options were acquired as a grant or award and are held as direct ownership.
According to the grant terms, the options were issued under the Waste Management, Inc. 2023 Stock Incentive Plan and vest over three years: 34% vests on the first anniversary of the grant date, and 33% vests on each of the second and third anniversaries. After this transaction, Hemmer is reported as holding 8,405 derivative securities of this type.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hemmer Tara J.
Role
SVP & Chief Sustainability Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 8,405 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 8,405 shares (Direct)
Footnotes (1)
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FAQ
What did Waste Management (WM) disclose in this Form 4 for Tara J. Hemmer?
Waste Management reported that Tara J. Hemmer received a grant of 8,405 stock options. These derivative securities were issued as a grant or award and are held directly, reflecting an increase in her equity-based compensation under the company’s long-term incentive framework.
How many stock options did Tara J. Hemmer acquire from Waste Management (WM)?
Tara J. Hemmer acquired 8,405 stock options described as a “Stock Option (Right to Buy).” Following this grant, the Form 4 shows she holds 8,405 derivative securities of this type, all attributed to her as directly owned equity incentives in Waste Management.
What is the vesting schedule of Tara J. Hemmer’s Waste Management stock options?
The stock options vest over three years. According to the footnote, 34% vests on the first anniversary of the grant date, with 33% vesting on the second anniversary and 33% on the third anniversary, creating a staged, time-based vesting structure.
Under which plan were Tara J. Hemmer’s Waste Management stock options granted?
The options were granted under the Waste Management, Inc. 2023 Stock Incentive Plan. This plan governs equity-based awards such as stock options and outlines their terms, including vesting conditions and eligibility for senior executives like the SVP & Chief Sustainability Officer.
What role does Tara J. Hemmer hold at Waste Management (WM) in this Form 4?
The Form 4 identifies Tara J. Hemmer as an officer serving as “SVP & Chief Sustainability Off.” This indicates she is a senior vice president and Chief Sustainability Officer, a key leadership role tied to sustainability strategy and related corporate initiatives at Waste Management.
Does the Form 4 indicate whether Tara J. Hemmer’s Waste Management options are held directly or indirectly?
The filing shows the options as directly owned. The ownership field is coded as “D” for direct, indicating the 8,405 stock options reported are attributed to Tara J. Hemmer herself, rather than through an intermediary entity, trust, or other indirect ownership structure.