Watson Michael J. 4

What Happened

• Michael J. Watson, Senior Vice President & Chief Customer Officer at Waste Management, exercised options on 12,642 shares at a strike price of $126.00 (cost $1,592,955) on 2026-03-02 and sold a total of 17,251 shares that day. The sale proceeds were roughly $4,171,511 (sales at weighted-average prices about $241.81–$241.83). The filing shows the exercised shares were immediately disposed (cashless-style exercise and sale).

Key Details

• Transaction date: 2026-03-02; Form 4 filed 2026-03-03 (timely).
• Exercise (code M): 12,642 shares acquired at $126.00 for $1,592,955.
• Sales (code S): 12,642 shares sold at a weighted average price of $241.81 (≈ $3,056,917) and 4,609 shares sold at $241.83 (≈ $1,114,594). Total shares sold: 17,251; total proceeds ≈ $4.17M.
• Footnote: The sale prices were executed in multiple trades ranging $241.10 to $242.57; reported prices are weighted averages (reporting person can provide per-trade details on request).
• Shares owned after the transactions: not disclosed in the provided filing details.
• Filing timeliness: filed next day (appears timely); no 10b5-1 plan or tax-withholding note disclosed in this filing.

Context

• This was an option exercise followed by immediate sale of shares (a common cashless exercise to cover the strike price/taxes), rather than a standalone buy indicating fresh insider accumulation. Purchases generally carry more direct bullish signal; here the primary action was selling stock obtained via option exercise.