Varkey Johnson 4

What Happened Varkey Johnson, Senior Vice President and Chief Information Officer at Waste Management (WM), had a performance share award settle on 2026-01-29 for 2,746 shares valued at $226.41 each (total $621,722). To cover tax obligations, 694 shares were withheld/disposed at the same per-share value (proceeds $157,129). On 2026-01-30 he sold an additional 428 shares in an open-market sale at $219.63 per share for $94,004 under a Rule 10b5-1 plan. These actions are award settlement and routine tax-coverage sales rather than purchases.

Key Details

• Transaction dates and amounts:
  • 2026-01-29: Award (A) — 2,746 shares @ $226.41 = $621,722 (settlement of performance share award).
  • 2026-01-29: Tax withholding (F) — 694 shares @ $226.41 = $157,129 (shares withheld to satisfy tax liability).
  • 2026-01-30: Open-market sale (S) — 428 shares @ $219.63 = $94,004 (sold under a Rule 10b5-1 plan).
• Net effect from this award: 2,746 granted − 694 withheld − 428 sold = +1,624 shares retained from the award.
• Filing notes: F1 = settlement of performance share award under the 2014 Stock Incentive Plan; F2 = sale pursuant to a Rule 10b5-1 trading plan to cover federal income tax.
• Timeliness: The Form 4 was filed on 2026-02-02 for transactions occurring on 2026-01-29/30; the filing is marked late (L), which delayed public disclosure of these transactions.

Context This report reflects a standard settlement of performance-based restricted stock and routine share dispositions to satisfy tax obligations and a prearranged trading plan. The award is not an open-market purchase (which might be viewed as a direct bullish signal); instead the disposals are standard post-award actions. The filing does not specify Johnson’s total WM holdings after these transactions beyond the net increase from this award.