Boettcher Charles C 4

What Happened

Charles C. Boettcher, EVP and Chief Legal Officer of Waste Management (WM), had a settlement of a performance share award on Jan 29, 2026, resulting in the acquisition of 10,378 shares at an assigned value of $226.41 each (total ≈ $2,349,683). To satisfy tax withholding, 4,107 of those shares were surrendered at the same per-share value (≈ $929,866). Separately, on Jan 30, 2026 he sold 689 shares in the open market at $219.32 each for proceeds of ≈ $151,111. The award settlement is an acquisition (receipt of compensation shares); the other transactions are routine disposals for taxes and a planned sale.

Key Details

• Transaction dates and prices:
  • 2026-01-29: Award settlement — 10,378 shares @ $226.41 (acquired) = $2,349,683.
  • 2026-01-29: Tax withholding/surrender — 4,107 shares @ $226.41 (disposed) = $929,866.
  • 2026-01-30: Open-market sale — 689 shares @ $219.32 (disposed) = $151,111.
• Shares owned after transaction: Not provided in the excerpt of the filing.
• Footnotes:
  • F1: Settlement of performance share award under the Waste Management, Inc. 2014 Stock Incentive Plan.
  • F2: Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 trading plan.
• Filing: Report filed 2026-02-02; the filing date is within SEC Form 4 timing requirements for these transactions (timely).

Context

• This was primarily the settlement of a compensation award (not an open-market purchase). The reduction in shares reflects tax withholding and a separate planned sale under a 10b5-1 trading plan — both routine actions that do not necessarily signal a change in the insider's view of the company.
• For retail investors, award settlements increase insider holdings before any withholding/sales; disclosed open-market sales under a 10b5-1 plan are prearranged and common for tax or diversification purposes.