Form 4: Waste Management Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Waste Management's EVP, Chief Legal Officer, Charles C. Boettcher, exercised stock options and sold shares on November 27, 2024.
Summary
- Charles C. Boettcher, EVP and Chief Legal Officer at Waste Management, exercised 8,458 stock options at a price of $98.898 per share on November 27, 2024.
- Following the exercise of options, Mr. Boettcher sold 5,541 shares at a price of $229.25 per share on the same day.
- After these transactions, Mr. Boettcher directly owns 37,077.1484 shares of Waste Management stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to executive stock option exercises and share sales, which is common practice in publicly traded companies.
Comparison to Industry Standards
- Executive stock option exercises and subsequent share sales are a standard part of compensation packages in publicly traded companies like Waste Management.
- Similar transactions are regularly reported by executives at comparable companies such as Republic Services (RSG) and Clean Harbors (CLH).
Stakeholder Impact
- The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/19/2020 | Date the stock options became exercisable. |
| 02/19/2029 | Expiration date of the stock options. |
| 11/27/2024 | Date of stock option exercise and share sale. |
| 12/02/2024 | Date of signature by attorney-in-fact. |
Keywords
stock options, insider trading, executive compensation, share sale, Waste Management, WM
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