Waste Management (NYSE: WM) SVP receives 10,006-share stock option award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waste Management, Inc. reported that Christopher P. DeSantis, SVP Operations - East, acquired a stock option award covering 10,006 shares of common stock. The option was granted at a stated price of $0.0000 per share and is held as direct ownership.
According to the grant terms, the option was issued under the Waste Management, Inc. 2023 Stock Incentive Plan. The award vests over three years, with 34% vesting on the first anniversary of the grant date and 33% vesting on each of the second and third anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeSantis Christopher P.
Role
SVP Operations - East
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 10,006 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 10,006 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Waste Management (WM) report for Christopher P. DeSantis?
Waste Management reported that SVP Operations - East Christopher P. DeSantis received a stock option grant for 10,006 shares. The award is a derivative security labeled as a “Stock Option (Right to Buy)” with a stated transaction price of $0.0000 per share.
How many Waste Management (WM) stock options were granted to Christopher P. DeSantis?
Christopher P. DeSantis was granted stock options covering 10,006 shares of Waste Management common stock. Following this award, his reported holdings in this option total 10,006 derivative securities, all reflected as directly owned in the filing.
What plan governs the new stock option grant reported for Waste Management (WM)?
The stock option granted to Christopher P. DeSantis was issued under the Waste Management, Inc. 2023 Stock Incentive Plan. This plan serves as the governing equity compensation program for the award referenced in the Form 4 insider transaction.
What is the vesting schedule for Christopher P. DeSantis’s Waste Management (WM) stock options?
The option vests 34% on the first anniversary of the grant date, with 33% vesting on the second anniversary and 33% on the third anniversary. This structure spreads vesting of the 10,006-share award over a three-year period.
Is the Waste Management (WM) insider transaction a purchase or an award of options?
The transaction is an award of options, not an open-market share purchase. It is coded as a grant, award, or other acquisition (transaction code A) of a Stock Option (Right to Buy) under the company’s 2023 Stock Incentive Plan.
How is ownership of the new Waste Management (WM) stock options classified for Christopher P. DeSantis?
The filing classifies the new 10,006-share stock option award as directly owned by Christopher P. DeSantis. The ownership code is listed as “D” for direct, with no indication of indirect entities or separate voting authority.