Waste Management (WM) SVP DeSantis reports small stock sale and tax disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waste Management, Inc. senior vice president Christopher P. DeSantis reported routine equity transactions involving company common stock. On March 7, 107 shares were disposed of at $246.31 per share to satisfy federal income tax obligations tied to a restricted share award settlement. On March 9, he executed an open-market sale of 61 shares at an average price of $245.50 per share under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, DeSantis directly holds 9,392.87 shares of Waste Management common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 61 shares ($14,976)
Net Sell
2 txns
Insider
DeSantis Christopher P.
Role
SVP Operations - East
Sold
61 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 61 | $245.50 | $15K |
| Tax Withholding | Common Stock | 107 | $246.31 | $26K |
Holdings After Transaction:
Common Stock — 9,392.87 shares (Direct)
Footnotes (1)
- Settlement of restricted share award granted under Waste Management, Inc. 2014 Stock Incentive Plan. Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.
FAQ
What insider transactions did Waste Management (WM) executive Christopher P. DeSantis report?
Christopher P. DeSantis reported two transactions in Waste Management common stock: a tax-related share disposition and a small open-market sale. These moves involved 214 shares in total and are typical of routine equity compensation and liquidity management activity for senior executives.
Were Christopher P. DeSantis’s Waste Management (WM) stock sales made under a Rule 10b5-1 plan?
Yes, the Form 4 notes that the additional shares sold were executed pursuant to a Rule 10b5-1 trading plan. Such plans pre-schedule transactions, helping separate insider portfolio management from the timing of material nonpublic information.