Waste Management CFO sells small block of shares

Waste Management EVP & CFO David L. Reed reported two stock transactions involving company common shares.

Rhea-AI Filing Summary

Waste Management EVP & CFO David L. Reed reported two stock transactions involving company common shares. He sold 21 shares in an open-market transaction at an average price of $242.65 per share, and separately disposed of 31 shares at $238.21 per share to cover tax obligations on a restricted share award settlement. After these transactions, he directly owned 8,693.6057 common shares.

Insider Trade Summary

Net Seller: 21 shares

Net Sell 2 txns

Insider Reed David L.

Role EVP & CFO

Sold 21 shs ($5K)

Type	Security	Shares	Price	Value
Sale	Common Stock	21	$242.65	$5K
Exercise Price or Tax Liability	Common Stock	31	$238.21	$7K

Holdings After Transaction: Common Stock — 8,693.6057 shares (Direct)

Footnotes (2)

1. F1. Settlement of restricted share award granted under Waste Management, Inc. 2023 Stock Incentive Plan.
2. F2. Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Waste Management (WM) file for David L. Reed?

Waste Management reported that EVP & CFO David L. Reed sold 21 common shares in an open-market trade and disposed of 31 shares to cover taxes related to a restricted share award settlement, as reflected in a recent Form 4 filing.

How many Waste Management (WM) shares did the CFO sell and at what price?

David L. Reed sold 21 Waste Management common shares in an open-market sale at an average price of $242.65 per share. This trade was disclosed as a sale in the open market or a private transaction in the Form 4 filing.

Why did the Waste Management (WM) CFO dispose of additional shares in this Form 4?

In addition to the open-market sale, David L. Reed disposed of 31 Waste Management shares at $238.21 per share to satisfy personal federal income tax obligations arising from a restricted share award settlement under a stock incentive plan.

How many Waste Management (WM) shares does the CFO own after these transactions?

Following the reported transactions, EVP & CFO David L. Reed directly owned 8,693.6057 Waste Management common shares. This post-transaction holding reflects both the open-market sale and the tax-withholding disposition reported in the Form 4.

What is the nature of the tax-related share disposition by Waste Management (WM) CFO?

The 31-share disposition was characterized as payment of federal income tax by delivering securities, tied to settlement of a restricted share award, and executed pursuant to a Rule 10b5-1 trading plan, according to the Form 4 footnotes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/03/2026 - 03:28 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Reed David L.

(Last) (First) (Middle)

800 CAPITOL STREET, SUITE 3000

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WASTE MANAGEMENT INC [ WM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/01/2026		F		31	D	$238.21	8,714.6057	D
Common Stock(2)	03/02/2026		S		21	D	$242.65	8,693.6057	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Settlement of restricted share award granted under Waste Management, Inc. 2023 Stock Incentive Plan.

2. Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.

	Courtney Tippy, Attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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