David L. Reed, Executive Vice President and Chief Financial Officer of Waste Management Inc, filed a Form 4 on November 4, 2026, disclosing a disposition of 345 shares of common stock on November 3, 2026, in connection with the settlement of a restricted share award.

Key Highlights

  • Reporting person: David L. Reed, EVP and CFO of Waste Management Inc (NYSE:WM)
  • Transaction: 345 shares of common stock disposed of (transaction code F) on November 3, 2026, at a price of $235.50 per share
  • Post-transaction direct holdings: 2,904 shares of common stock held directly
  • Indirect holdings: 5,357.168 shares held indirectly through the Cr77 Revocable Trust
  • Award source: Settlement of a restricted share award granted under the Waste Management, Inc. 2023 Stock Incentive Plan
  • No derivative securities were reported as acquired or disposed of in this filing

Reed's Restricted Share Settlement: Transaction and Ownership Details

According to the filing, David L. Reed, identified as EVP and CFO of Waste Management Inc, reported a single non-derivative securities transaction dated November 3, 2026. The transaction code is listed as "F," which under SEC Form 4 conventions corresponds to shares withheld from a stock award to cover a tax obligation. The filing's explanation of responses states the transaction represents the "settlement of restricted share award granted under Waste Management, Inc. 2023 Stock Incentive Plan."

The 345 shares were disposed of at a price of $235.50 per share. Following this transaction, the filing reports that Reed directly holds 2,904 shares of Waste Management common stock. In addition, the filing discloses an indirect beneficial ownership of 5,357.168 shares held through the Cr77 Revocable Trust. No derivative securities transactions were reported in Table II of the filing.

The Form 4 was signed by Courtney Tippy as attorney-in-fact and dated November 4, 2026. The date of earliest transaction is listed as November 3, 2026, and the filing indicates it was made by one reporting person. The issuer is identified as Waste Management Inc with trading symbol WM on the filing cover.

What Was Disclosed

Waste Management CFO David L. Reed disclosed the disposition of 345 shares of common stock at $235.50 per share on November 3, 2026, arising from the settlement of a restricted share award under the company's 2023 Stock Incentive Plan, leaving him with 2,904 directly held shares.