Waste Management CFO David L. Reed Disposes 345 Shares for Tax Withholding
WASTE MANAGEMENT INC
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Filing Summary
# Insider Transaction: Waste Management Inc (WM)
**Reporting Owner:** David L. Reed (EVP & CFO)
**Transaction Date:** 2026-11-03
**Filing Date:** 2026-11-04
- **Type:** Tax Withholding (Code F)
- **Shares:** 345 @ $235.50
- **Value:** $81,247.50
- **Direct Ownership Remaining:** 2,904 shares
- **Indirect Ownership:** 5,357.168 shares (Cr77 Revocable Trust)
- **Significance:** Low (Routine tax obligation settlement)
Comprehensive Analysis
Executive Summary
On November 4, 2026, Waste Management, Inc. (NYSE: WM) filed a Form 4 reporting a disposition of common stock by Executive Vice President and Chief Financial Officer David L. Reed. On November 3, 2026, 345 shares of common stock were disposed of at a price of $235.50 per share, representing an aggregate transaction value of $81,247.50.
Transaction Details
- Nature of Disposition: The transaction was executed under transaction code F, signifying shares withheld or delivered to cover tax obligations arising from the settlement of a restricted share award granted under the Waste Management, Inc. 2023 Stock Incentive Plan.
- Direct Post-Transaction Holdings: Following the transaction, David L. Reed directly owns 2,904 shares of WM common stock.
- Indirect Holdings: In addition to direct holdings, Mr. Reed retains indirect ownership of 5,357.168 shares held through the Cr77 Revocable Trust.
Market and Governance Assessment
This filing does not reflect discretionary open-market selling. Transactions categorized under Code F are mandatory or automated surrenders of shares to satisfy statutory tax obligations upon equity vestings. As a consequence, this trade carries low market signaling significance and should not be interpreted as an indicator of executive sentiment regarding the company's operational trajectory or stock valuation.
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Important Disclaimer
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