Stith Kimberly G. 4

What Happened

• Kimberly G. Stith, SVP and Chief HR Officer at Waste Management (WM), had 1,006 performance shares settle on Jan 29, 2026 (valued at $226.41 each, total ≈ $227,768). To cover tax obligations, 272 of those shares were withheld (valued ≈ $61,584). On Jan 30, 2026 she sold 157 shares in an open-market transaction at $219.65 each for $34,485 under a Rule 10b5-1 plan.
• This was primarily an award settlement (acquisition) with routine tax withholding and a planned sale — not an outright purchase signaling new personal cash investment.

Key Details

• Transaction dates & prices:
  • 2026-01-29: Award settlement — 1,006 shares @ $226.41 (acquired) = $227,768 (Footnote F1).
  • 2026-01-29: Tax withholding — 272 shares @ $226.41 (disposed) = $61,584 (Footnote F1/F).
  • 2026-01-30: Open-market sale — 157 shares @ $219.65 (disposed) = $34,485 (Footnote F2).
• Footnotes: F1 = settlement of performance share award under the 2014 Stock Incentive Plan; F2 = sale to cover personal federal income tax obligation pursuant to a Rule 10b5-1 trading plan.
• Shares owned after the transactions: not specified in the Form 4.
• Filing: Form 4 filed 2026-02-02 for transactions on 2026-01-29/30 — filed within the required two business days (timely).

Context

• This was a settlement of performance-based restricted stock (an award), not an open-market purchase. The withholding and subsequent sale are common to cover tax liabilities and do not necessarily indicate a change in the insider’s view of the company.
• The 157-share sale was executed under a pre-established 10b5-1 plan (planned selling), which typically reduces the likelihood the sale reflects ad-hoc sentiment.