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 the sale and acquisition of company stock, including transactions to cover tax obligations and settlement of a performance share award.
Summary
- On February 23, 2024, Donald J. Smith, Sr. VP of Operations at Waste Management Inc., had 80 shares of common stock disposed of at a price of $207.76.
- This transaction was related to the settlement of a performance share award granted under the company's 2014 Stock Incentive Plan.
- On February 26, 2024, Smith sold 56 shares of common stock at $207.7819 per share.
- This sale was to cover personal federal income tax obligations, executed under a Rule 10b5-1 Trading Plan.
- Following these transactions, Smith directly owns 5,386 shares of Waste Management Inc. common stock.
- Smith also indirectly owns 4,586.5721 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities. The use of a 10b5-1 trading plan is a common practice to avoid accusations of insider trading.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are routine and involve a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Settlement of performance share award resulting in disposal of 80 shares. |
| 02/26/2024 | Sale of 56 shares to cover personal federal income tax obligation. |
| 02/27/2024 | Date of signature by Courtney Tippy, Attorney-in-fact. |
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