Form 4: Waste Management SVP Rafael Carrasco Reports Stock Transactions

Rafael Carrasco, SVP of Enterprise Strategy at Waste Management, reports acquisition and disposal of company stock, including shares acquired through a performance award and sold to cover tax obligations.

Summary

• On January 30, 2025, Rafael Carrasco acquired 14,007 shares of Waste Management common stock at a price of $218.724 per share as part of a performance share award.
• Also on January 30, 2025, 4,850 shares were disposed of at $218.724 per share.
• On January 31, 2025, Carrasco sold 693 shares of common stock at $220.4297 per share to cover personal federal income tax obligations.
• Following these transactions, Carrasco directly owns 22,530.742 shares of Waste Management common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and expected, with the acquisition of shares through a performance award slightly offsetting the sale for tax purposes.

Positives

• The acquisition of 14,007 shares via a performance share award suggests positive performance recognition.

Industry Context

Insider transactions are routinely monitored and reported, providing transparency into management's perspective on the company's valuation and future prospects. Rule 10b5-1 trading plans are common mechanisms to allow insiders to sell shares while avoiding accusations of trading on non-public information.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice across publicly traded companies, including Waste Management's competitors like Republic Services and Clean Harbors.
• The use of Rule 10b5-1 trading plans is also a common practice among executives in similar roles at comparable companies to manage their stock holdings and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider trading activity.

Key Dates