Varkey Johnson 4

What Happened
Varkey Johnson, SVP and Chief Information Officer of Waste Management (WM), settled 193 restricted shares (tax withholding) valued at $47,538 on Mar 7, 2026, and executed an open-market sale of 121 shares on Mar 9, 2026 for a weighted average of $245.27, totaling $29,677. Both actions resulted in the disposition of 314 shares for approximately $77,215 combined. These were not purchases; the settlement and sale appear to be routine tax-related dispositions rather than a new investment.

Key Details

• Transaction dates and prices:
  • Mar 7, 2026 — 193 shares settled/withheld at $246.31 each for $47,538 (code F: tax/payment).
  • Mar 9, 2026 — 121 shares sold in the open market at a weighted average price of $245.27 for $29,677 (code S).
  • Mar 9 sale executed in multiple trades at prices ranging $245.21–$245.28 (footnote).
• Footnotes:
  • F1: Settlement of a restricted share award granted under the Waste Management, Inc. 2014 Stock Incentive Plan.
  • F2: The Mar 9 sale was to cover additional personal federal income tax obligations under a Rule 10b5-1 trading plan.
  • F3: Multiple trades produced the weighted average sale price; detailed breakdown available on request.
• Shares owned after the transactions: Not disclosed in the filing.
• Filing timeliness: Report filed Mar 10, 2026; filing shows no indication of being late.

Context
This was a settlement of restricted shares to satisfy tax withholding and a subsequent planned sale under a Rule 10b5-1 plan. That pattern (withholding plus a planned sale) is common and typically reflects tax obligations rather than a signal about the executive’s view of the company’s near-term prospects.