Morris John J 4

What Happened
John J. Morris, President & COO of Waste Management (WM), had a performance-share award settle on Jan 29, 2026, resulting in the acquisition of 16,481 shares valued at $226.41 each (total ≈ $3,731,463). To satisfy tax withholding, 5,839 of those shares were disposed on the same date at $226.41 each (≈ $1,322,008). Separately, on Jan 30, 2026, Morris sold an additional 690 shares in an open-market transaction at $219.49 each (≈ $151,445). The award (A) and the disposals (F for tax withholding, S for sale) are routine corporate insider transactions rather than an open-market purchase.

Key Details

• Transaction dates & prices:
  • 2026-01-29: Award settled — 16,481 shares @ $226.41 = $3,731,463 (Acquired; code A; footnote F1).
  • 2026-01-29: Tax withholding sale — 5,839 shares @ $226.41 = $1,322,008 (Disposed; code F; footnote F1/F2).
  • 2026-01-30: Open-market sale — 690 shares @ $219.49 = $151,445 (Disposed; code S; footnote F2).
• Footnotes:
  • F1: Settlement of performance share award granted 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.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing: Form 4 filed 2026-02-02 for transactions on Jan 29–30, 2026; filing appears to be timely (within SEC two-business-day requirement).

Context
This was primarily a settlement of a performance-based equity award with shares withheld/sold to cover taxes (common cashless settlement practice) and a small additional open-market sale executed under a 10b5-1 plan. These actions are routine compensation and tax-related transactions and do not, by themselves, indicate a change in insider sentiment.