Waste Management (WM) CFO David L. Reed Gifts 5,357 Shares

What Happened

• David L. Reed, Executive Vice President & Chief Financial Officer of Waste Management, reported gifting 5,357.1680 shares of WM common stock to the Cr77 Revocable Trust on August 7, 2026. The Form 4 shows the transfer as a gift (price reported $0.00), so reported consideration is $0.00. The filing also notes a redemption of a 0.6057 fractional share for cash in connection with the transfer.

Key Details

• Transaction date: August 7, 2026.
• Transaction type: Gift of 5,357.1680 shares (code G); fractional 0.6057 share redeemed for cash.
• Price/consideration reported: $0.00 for the gift (disposition/acquisition entries show $0.00).
• Shares owned after transaction: not explicitly quantified in the filing; footnote states the reporting person remains the beneficial owner of the securities held by the trust.
• Footnotes: (F1) 0.6057 fractional share redeemed for cash; (F2) transfer of 5,357.1680 shares to Cr77 Revocable Trust — the reporting person and spouse are trustees and beneficiaries, and he remains the beneficial owner.
• Filing date: August 10, 2026 (appears filed within the standard Form 4 reporting window).

Context

• This was a gift to a revocable trust where Reed and his spouse serve as trustees and beneficiaries. Such transfers are commonly estate- or household-planning moves and do not necessarily signal a change in the insider’s view of the company, especially since the insider retains beneficial ownership. No open-market sale or purchase was reported.