Form 4: Waste Management Inc. Executive Donald J. Smith Reports Stock Transactions
SEC Form 4 Filing
Donald J. Smith, Sr. VP of Operations at Waste Management Inc., reports acquisition and disposal of company stock, including transactions to cover tax obligations.
Summary
- On January 30, 2025, Donald J. Smith, Sr. VP of Operations at Waste Management Inc., acquired 1,266 shares of common stock at $218.724 per share.
- On the same day, Smith disposed of 332 shares of common stock at $218.724 per share.
- On January 31, 2025, Smith sold 191 shares of common stock at $220.22 per share to cover personal federal income tax obligations under a Rule 10b5-1 trading plan.
- Following these transactions, Smith directly owns 6,129 shares of Waste Management Inc. common stock and indirectly owns 4,651.2642 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, reflecting routine insider activity.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at Waste Management Inc.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions are relatively small in scale, suggesting routine portfolio management or tax-related sales rather than a significant shift in sentiment.
- Comparable companies like Republic Services (RSG) and Clean Harbors (CLH) also have similar insider transaction reporting requirements.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as they represent a small portion of the company's overall stock.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Acquisition of 1,266 shares and disposal of 332 shares of common stock. |
| 01/31/2025 | Sale of 191 shares of common stock to cover personal federal income tax obligation. |
| 02/01/2025 | Date of signature by Courtney Tippy, Attorney-in-fact. |
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