Insider Cluster (5 insiders) ·Filed Feb 26, 2026

WM

WASTE MANAGEMENT INC
NEUTRAL
Impact 3/10
Horizondays Processed7mo ago
Insider cluster: 2 insiders, $17K total
Actionable Insight • Neutral

No unusual insider selling detected — activity aligns with routine equity monetization and tax settlements. Monitor for follow-up filings if open-market sales accelerate ahead of earnings or strategic announcements.

DirectionNeutral
Confidencehigh
Horizondays
Final — all horizons settled through T+60d ⚠ clustered
WM ▼ -6.53% at T+60d
NEUTRAL call ✗ call lost -6.53% · α vs SPY -14.29% · entry $232.97 → $217.75
Entry anchored
Feb 25, 03:59 PM ET
via exchange tick
T+1d
+2.97%
call +2.97% · α +3.42%
$239.89
settled 7mo ago
T+5d
+5.21%
call +5.21% · α +6.34%
$245.12
settled 7mo ago
T+20d
-2.77%
call -2.77% · α +3.63%
$226.51
settled 6mo ago
T+60d
-6.53%
call -6.53% · α -14.29%
$217.75
settled 4mo ago

Price Chart

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Executive Summary

Seven insiders at Waste Management executed share transactions over the past week, including open-market sales and tax-related share surrenders. The only material open-market sale was by SVP Tara Hemmer, who sold $1.165M in stock; other sales were minimal. Most transactions were non-cash tax withholdings related to equity vesting.

Key Financial Metrics

Direction
selling
Total Value
$1.2M
Insiders
5

Key Facts

  • SVP & Chief Sustainability Officer Tara Hemmer sold $1,165,136 worth of shares in an open-market transaction.
  • CFO Reed David L. and SVP Stith Kimberly G. each made small open-market sales totaling under $9,000 combined, plus tax-related share surrenders.
  • Michael J. Watson exercised a derivative for 12,642 shares valued at $1.59M but did not sell into the market.
  • Multiple tax withholding events (codes F and D) represent non-cash transactions to cover tax liabilities on vested equity.
  • Total open-market selling: ~$1.18M over 7 days, consistent with recent 30-day trend of $1.2M in sales.

Financial Impact

$1.18M in net open-market sales over 7 days (0.0012% of $98B market cap)

insider ownershipmarket sentiment

Risk Factors

  • Perception risk from concentrated selling by senior executives, even if routine.
  • Potential signal of reduced conviction if similar transactions continue in coming weeks.

Market Snapshot

Exchange
NYSE

Investment Themes

Industrials & Manufacturing

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (10 trades, 7d window)cluster-WM-1772569749831
11 reports for WM
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +11.00%Mar 2, 2026
Filters
Rows
Reports for WM — sortable, filterable
TypeNow
Aug 26, 2026
5w ago
8-K
NEUTRAL ★ 3/10
$221.24 $207.96▼ −6.00%▼ −6.23%$203.49 (−8.02%)
May 13, 2026
20w ago
8-K
NEUTRAL ★ 2/10
$216.44 $218.79▲ +1.09%▲ +1.70%$203.49 (−5.98%)
May 13, 2026
20w ago
Court Ruling
NEUTRAL ★ 1/10
$216.44 $218.79▲ +1.09%▲ +1.70%$203.49 (−5.98%)
Mar 2, 2026
30w ago
Insider Cluster
NEUTRAL ★ 4/10
$242.11 $229.96▼ −5.02%▲ +2.92%$203.49 (−15.95%)
Mar 2, 2026
30w ago
Insider Cluster
BEARISH ★ 6/10
$242.11 $229.96▲ +5.02%▼ −2.92%$203.49 (+15.95%)
Mar 2, 2026
30w ago
Insider Cluster
BEARISH ★ 6/10
$242.11 $229.96▲ +5.02%▼ −2.92%$203.49 (+15.95%)
Feb 26, 2026
31w ago
Insider Cluster
NEUTRAL ★ 4/10
$232.97 $226.51▼ −2.77%▲ +3.63%$203.49 (−12.66%)
Feb 26, 2026
31w ago
Insider Cluster
BEARISH ★ 6/10
$232.97 $226.51▲ +2.77%▼ −3.63%$203.49 (+12.66%)
Feb 26, 2026
31w ago
Insider Cluster
NEUTRAL ★ 3/10
$232.97 $226.51▼ −2.77%▲ +3.63%$203.49 (−12.66%)
Feb 26, 2026
31w ago
Insider Cluster
NEUTRAL ★ 3/10
$232.97 $226.51▼ −2.77%▲ +3.63%$203.49 (−12.66%)
Showing 10 of 11

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Report published Mar 3, 2026