DeSantis Christopher P. 4

What Happened Christopher P. DeSantis, SVP Operations — East at Waste Management (WM), reported the settlement of a performance share award and subsequent share disposals. On 2026-01-29 he acquired 1,373 shares as the settlement of a performance award valued at $226.41 per share (total $310,861). To satisfy tax withholding on the award, 430 shares were withheld/disposed at $226.41 each (total $97,356). On 2026-01-30 he also sold 215 shares in an open-market transaction at $218.85 per share (total $47,053). Overall, DeSantis acquired 1,373 shares and sold 645 shares — a net increase of 728 shares.

Key Details

• Transaction dates and prices:
  • 2026-01-29: Award (A) — 1,373 shares @ $226.41 = $310,861 (F1)
  • 2026-01-29: Tax withholding (F) — 430 shares @ $226.41 = $97,356
  • 2026-01-30: Open-market sale (S) — 215 shares @ $218.85 = $47,053 (F2)
• Net change: +728 shares (1,373 acquired − 645 disposed)
• Shares owned after the transactions: Not disclosed in this filing
• Footnotes:
  • F1: Settlement of a performance share award under WM’s 2014 Stock Incentive Plan
  • F2: Open-market sale was to cover additional federal income tax obligation pursuant to a Rule 10b5-1 trading plan
• Filing timeliness: Report filed 2026-02-02 for transactions on 2026-01-29/30; the filing appears timely (within reporting window)

Context

• This was largely an award settlement with routine tax-related disposals: 430 shares were withheld to cover tax liability and an additional 215 shares were sold under a pre-established 10b5-1 plan.
• Award settlements and withholding sales are common and do not, by themselves, indicate a change in insider sentiment. Open-market sales executed under a 10b5-1 plan are pre-planned trades.