Reed David L. 4

What Happened David L. Reed, EVP & CFO of Waste Management, sold/disposed a total of 52 shares in early March 2026. On 2026-03-01 he surrendered 31 shares (valued at $238.21 each, $7,385) in connection with the settlement of a restricted share award; on 2026-03-02 he sold 21 shares in the open market at $242.65 each (about $5,096). Both transactions are disposals (routine tax withholding and an open-market sale), not purchases.

Key Details

• Transaction dates & prices:
  • 2026-03-01: 31 shares @ $238.21 (payment of tax liability/award settlement) — $7,385.
  • 2026-03-02: 21 shares @ $242.65 (open-market sale) — $5,096.
• Total shares disposed: 52; total proceeds/values reported ≈ $12,481.
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes:
  • F1: Settlement of a restricted share award granted under the 2023 Stock Incentive Plan (tax withholding by surrendering shares).
  • F2: Sale to cover personal federal income tax obligation pursuant to a Rule 10b5-1 trading plan (prearranged sale).
• Filing date: Form 4 filed 2026-03-03; appears timely (filed shortly after the transactions).

Context The 31-share transfer was a common tax-withholding action upon settlement of restricted shares, and the 21-share sale was executed under a 10b5-1 plan. Such transactions are typically routine and reflect tax/plan mechanics rather than an active directional bet by the insider.