Insider Alert: WM VP Sells 1,365 Shares for $300,000
Key Points
The disposition involved 1,365 shares executed at $219.90 per share, totaling ~$300,164 on Sept. 4, 2026.
The shares traded were 15% of the insider's total equity stake prior to the filing.
The transaction was conducted through JJC Cache LLC, an indirect ownership vehicle that now holds 3,508 shares.
Following this activity, the insider maintains a total position of 7,729 shares valued at ~$1.69 million as of the Sept. 4, 2026, market close.
John A. Carroll, VP & Chief Accounting Officer of Waste Management, Inc. (NYSE:WM), sold 1,365 shares of common stock on September 4, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$300,164 |
| Shares sold | 1,365 |
| Post-transaction shares (directly held) | 4,221 |
| Post-transaction shares (indirectly held) | 3,508 |
| Post-transaction value | ~$1.69 million |
Transaction value based on SEC Form 4 weighted average sale price ($219.90); post-transaction value based on September 4, 2026 market close ($218.99).
Key questions
- How does this transaction affect the insider's total equity stake?
The disposal of 1,365 shares represented 15% of the total position held before the filing, leaving John A. Carroll with a remaining interest of 7,729 shares. - What entities are involved in the insider's indirect ownership?
The current transaction was executed by JJC Cache LLC, which continues to hold 3,508 shares, while the insider's direct holdings remain at 4,221 shares of common stock. - In what business context did this disposal occur?
The sale at $219.90 per share took place at a time when the Houston-based environmental services firm, which employs approximately 60,500 people, reported trailing twelve-month revenue of $25.7 billion and net income of $2.9 billion. - How does the execution price compare to recent market performance?
The shares were disposed of at $219.90 per share while the company's stock reflected a1-3% return over the 12 months ending Sept. 16, 2026.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-16) | $214.00 |
| Market Capitalization | $86.0 billion |
| Revenue (TTM) | $25.7 billion |
| Net Income (TTM) | $2.9 billion |
Company Snapshot
- Waste Management, Inc. provides comprehensive environmental waste solutions including collection, transportation, and disposal of waste and recyclable materials for residential, commercial, industrial, and municipal customers across North America.
- The company generates revenue through collection services, transfer and disposal operations, material recovery facilities, and environmental solutions, leveraging an integrated network of transfer stations and disposal infrastructure to optimize operational efficiency.
- The company serves a diversified customer base spanning residential households, commercial enterprises, industrial facilities, and municipal governments, positioning itself as a critical infrastructure provider for waste management and environmental services.
Waste Management, Inc. operates as a premier North American environmental services provider with a market capitalization of $86.0 billion and TTM revenues of $25.7 billion, reflecting its scale as an industry leader. The company's integrated business model combines collection, transfer, recycling, and disposal operations, creating operational synergies and competitive advantages through its extensive network of facilities and established customer relationships. With 60,500 employees and a diversified customer base, WM maintains a defensible market position supported by essential infrastructure and recurring revenue streams from both residential and commercial segments.
What this transaction means for investors
Long story short, I don't believe this transaction should be a concern for investors. It looks like standard selling by an insider, rather than any timing around WM stock. The sale also reduces VP Carroll's stake by only 15%, so they remain aligned with the company's long-term success.
As for WM stock itself, I'd only be interested in buying shares of North America's largest waste management company. WM has unmatched scale with 253 active solid waste landfills, 17 medical waste incinerators, 113 recycling facilities, and 103 landfill gas-to-energy facilities. Benefitted from this massive networking and protected from "not in my backyard" sentiment from citizens across the country who would rather not see new landfills anywhere by them, WM has a wide moat across its operations.
WM stock has delivered 15.1% annualized total returns over the last decade and should continue to be a steady operator with a solid chance of continuing to outperform. As it continues to acquire small, regional waste management companies across the country, while expanding further into its recycling, energy, and healthcare waste niches, WM remains one of my favorite "steady-Eddie," blue-chip dividend stocks to buy right now at a reasonable 24 times free cash flow.
Josh Kohn-Lindquist has positions in WM. The Motley Fool recommends WM. The Motley Fool has a disclosure policy.