Insider Cluster (3 insiders) ·Filed Mar 2, 2026

WM

WASTE MANAGEMENT INC
BEARISH
Impact 6/10
Horizondays Processed6mo ago
Insider cluster: 5 insiders, $3.3M total
Actionable Insight ▼ Bearish

Monitor for potential downward pressure ahead of earnings or strategic announcements; follow-up filings may reveal whether this is part of a broader divestment trend. The participation of the COO is particularly concerning.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
WM ▼ -11.00% at T+60d
SHORT call ✓ call won +11.00% · α vs SPY +20.32% · entry $242.11 → $215.48
Entry anchored
Feb 27, 03:59 PM ET
via exchange tick
T+1d
+0.15%
call -0.15% · α -1.07%
$242.48
settled 7mo ago
T+5d
+1.42%
call -1.42% · α -2.62%
$245.53
settled 7mo ago
T+20d
-5.02%
call +5.02% · α -2.92%
$229.96
settled 6mo ago
T+60d
-11.00%
call +11.00% · α +20.32%
$215.48
settled 4mo ago

Price Chart

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Executive Summary

Three insiders at Waste Management sold or were granted shares in the past week, with two open-market sales totaling $2.11 million and one non-cash award. The sales were conducted by the President & COO and an SVP, representing material insider selling.

Key Financial Metrics

Direction
selling
Total Value
$2.1M
Insiders
3

Key Facts

  • President & COO Morris John J sold 7,979 shares at $245.07, totaling $1,955,414 in open-market transaction.
  • SVP-Chief Information Officer Varkey Johnson sold 617 shares at $244.13, totaling $150,628 in open-market transaction.
  • VP & Chief Accounting Officer Carroll John A. was granted 892 shares at $0 (non-cash event), with no economic value.
  • Total open-market selling value: $2,106,042 over 7 days.
  • Total insider selling in the last 30 days now reaches $3.3 million.

Financial Impact

$2.11 million in open-market insider sales, representing 0.0021% of $99.2B market cap — modest in absolute terms but notable given concentration among senior executives.

insider sentimentshareholder confidence

Risk Factors

  • Insider selling may signal lack of confidence in near-term performance or valuation peak.
  • Risk of negative market perception if selling continues in next reporting window.

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 (3 trades, 7d window)cluster-WM-1773058240858
11 reports for WM
Performance horizon

Track record builds as more directional reports settle.

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 9, 2026