While the dollar amount is small relative to market cap, the concentration of open-market selling among top executives — especially the CFO and Chief Sustainability Officer — may signal caution. Traders should watch for any changes in earnings guidance, ESG performance, or capital allocation strategy in the next earnings report.
Price Chart
Executive Summary
Multiple senior executives at Waste Management, including the CFO, CIO, and Chief Sustainability Officer, conducted open-market share sales over the past week, totaling approximately $2.88 million in aggregate. The largest sales came from Tara Hemmer ($1.17M) and Michael Watson (derivative exercise of $1.59M, non-cash), while several smaller open-market and tax-related transactions also occurred. Most of the selling was by C-suite officers, with open-market dispositions accounting for over $1.32 million.
Key Financial Metrics
Key Facts
- SVP & Chief Sustainability Officer Tara Hemmer sold $1.17M in shares via open-market transaction.
- CFO David Reed sold $13.6K in shares across two open-market trades and had $7.4K in tax withholding.
- SVP CIO Varkey Johnson sold $150.6K in shares; SVP HR Stith sold $5.1K and had $7.4K in tax withholding.
- Michael Watson exercised derivatives for 12,642 shares ($1.59M value) — a non-cash event.
- Total open-market sales in cluster: ~$1.32 million from 6 transactions.
- All open-market sales occurred at prices between $229 and $244 per share.
- Cluster represents ~0.0013% of WM's $98.2B market cap — small in relative terms but notable due to concentration of C-suite selling.
Financial Impact
$1.32 million in net open-market selling by insiders, plus $1.59 million non-cash derivative exercise
Risk Factors
- Perception of insider pessimism, particularly with CFO participation in selling
- Potential misinterpretation of routine stock plan activity as negative signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (9 trades, 7d window) | cluster-WM-1772646846705 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 5w ago | 8-K | $221.24 $207.96 | ▼ −6.00% | ▼ −6.23% | $203.49 (−8.02%) |
May 13, 2026 20w ago | 8-K | $216.44 $218.79 | ▲ +1.09% | ▲ +1.70% | $203.49 (−5.98%) |
May 13, 2026 20w ago | Court Ruling | $216.44 $218.79 | ▲ +1.09% | ▲ +1.70% | $203.49 (−5.98%) |
Mar 2, 2026 30w ago | Insider Cluster | $242.11 $229.96 | ▼ −5.02% | ▲ +2.92% | $203.49 (−15.95%) |
Mar 2, 2026 30w ago | Insider Cluster | $242.11 $229.96 | ▲ +5.02% | ▼ −2.92% | $203.49 (+15.95%) |
Mar 2, 2026 30w ago | Insider Cluster | $242.11 $229.96 | ▲ +5.02% | ▼ −2.92% | $203.49 (+15.95%) |
Feb 26, 2026 31w ago | Insider Cluster | $232.97 $226.51 | ▼ −2.77% | ▲ +3.63% | $203.49 (−12.66%) |
Feb 26, 2026 31w ago | Insider Cluster | $232.97 $226.51 | ▲ +2.77% | ▼ −3.63% | $203.49 (+12.66%) |
Feb 26, 2026 31w ago | Insider Cluster | $232.97 $226.51 | ▼ −2.77% | ▲ +3.63% | $203.49 (−12.66%) |
Feb 26, 2026 31w ago | Insider Cluster | $232.97 $226.51 | ▼ −2.77% | ▲ +3.63% | $203.49 (−12.66%) |
US Market Status
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