Waste Management (WM) CFO gifts 5,357 shares to revocable trust, keeps beneficial ownership
Rhea-AI Filing Summary
WASTE MANAGEMENT INC executive David L. Reed, EVP & CFO, reported a bona fide gift transfer of 5,357.1680 shares of Common Stock on August 7, 2026. The shares moved from his direct holdings to the Cr77 Revocable Trust, where he and his spouse are trustees and beneficiaries, and he remains the beneficial owner. After the transfer, he directly holds 3,136.8320 shares and indirectly holds 5,357.1680 shares through the trust. A 0.6057 fractional share was redeemed for cash in connection with the account change.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,714.336 shares gifted
Gift
2 txns
Insider
Reed David L.
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2 | 5,357.168 | $0.00 | $0.00 |
| Gift | Common Stock | 5,357.168 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 3,136.832 shares (Direct);
Common Stock — 5,357.168 shares (Indirect, Cr77 Revocable Trust)
Footnotes (2)
- F1. The reporting person redeemed a 0.6057 fractional share for cash in connection with transferring shares of Common Stock to a new account.
- F2. On August 7, 2026, the reporting person transferred 5,357.1680 shares of Common Stock to the Cr77 Revocable Trust for no consideration. The reporting person and his spouse are the trustees and the beneficiaries of the trust. The reporting person remains the beneficial owner of the securities held by the trust.
Key Figures
Shares gifted to trust: 5,357.1680 shares
Total gift-related shares: 10,714.336 shares
Direct holdings after transaction: 3,136.8320 shares
+2 more
5 metrics
Shares gifted to trust
5,357.1680 shares
Common Stock transferred on August 7, 2026 to Cr77 Revocable Trust as bona fide gift
Total gift-related shares
10,714.336 shares
Aggregate shares involved in reported bona fide gift transfers
Direct holdings after transaction
3,136.8320 shares
David L. Reed’s directly held Waste Management Common Stock after transfer
Indirect holdings after transaction
5,357.1680 shares
Indirectly held via Cr77 Revocable Trust after transfer
Fractional share redeemed
0.6057 shares
Fractional share redeemed for cash in connection with account transfer
Key Terms
bona fide gift, revocable trust, beneficial owner
3 terms
bona fide gift financial
"Transaction code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"Shares were transferred to the Cr77 Revocable Trust for no consideration."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
beneficial owner financial
"The reporting person remains the beneficial owner of the securities held by the trust."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did WASTE MANAGEMENT INC (WM) report for David L. Reed?
WASTE MANAGEMENT INC reported that EVP & CFO David L. Reed transferred 5,357.1680 shares of Common Stock on August 7, 2026. The shares were moved as a bona fide gift to the Cr77 Revocable Trust for no consideration, with Reed remaining the beneficial owner.
Did the Form 4 transaction change David L. Reed’s beneficial ownership in WM?
The filing states that David L. Reed remains the beneficial owner of the shares held by the Cr77 Revocable Trust. The transaction reflects an account and ownership-structure change, shifting shares from direct ownership into a revocable trust where he and his spouse are trustees and beneficiaries.
What does the transaction code G mean in the WM Form 4 for David L. Reed?
Transaction code G on the Form 4 indicates a bona fide gift. In this case, it reflects the transfer of 5,357.1680 WM shares to the Cr77 Revocable Trust for no consideration, with the filing clarifying that Reed and his spouse are trustees and beneficiaries of the trust.