Insider Trading February 2, 2026

Waste Management COO Executes Stock Transactions to Cover Tax Liability; Company Near Fair Value

President and COO John J. Morris sells shares under 10b5-1 plan after receipt and partial disposition of performance award; firm recently reported slight Q4 2025 misses

By Nina Shah WM
Waste Management COO Executes Stock Transactions to Cover Tax Liability; Company Near Fair Value
WM

Waste Management President and COO John J. Morris completed a set of stock transactions at the end of January 2026, selling 690 shares on January 30 to satisfy a personal federal tax obligation under a Rule 10b5-1 plan, after receiving and partially disposing of shares from a performance award the prior day. The company’s shares trade near InvestingPro’s Fair Value estimate amid a recent fourth-quarter 2025 earnings and revenue shortfall versus expectations.

Key Points

  • Insider transactions: John J. Morris acquired 16,481 shares on January 29, 2026 via settlement of a performance share award and sold 690 shares on January 30, 2026 to cover federal taxes under a Rule 10b5-1 plan.
  • Market context: WM shares were trading at $222.03 with a P/E of 33.12 and are described by InvestingPro as near Fair Value; dividend record spans 28 consecutive years with a 1.48% yield.
  • Recent results: Waste Management reported Q4 2025 EPS of $1.93 versus $1.95 expected and revenue of $6.31 billion versus $6.39 billion expected - items being monitored by analysts.

John J. Morris, President and Chief Operating Officer of Waste Management (WM), reported a sale of 690 shares of company stock on January 30, 2026, at a price of $219.485 per share, generating proceeds of approximately $151,444.

According to a Form 4 filed with the Securities and Exchange Commission, those sales followed a series of related equity movements on January 29, 2026. On that date Morris acquired 16,481 shares at $226.41 apiece, totaling $3,731,463. The filing states those shares were obtained through the settlement of a performance share award granted under Waste Management’s 2014 Stock Incentive Plan. Also on January 29 he disposed of 5,839 shares at the same $226.41 price, producing proceeds of $1,322,007.

Following the January transactions, Morris directly holds 106,635 shares of Waste Management common stock. He also has an indirect holding of 2,439.3761 shares through a 401(k) plan, as reported in the filing.

The disclosure notes that the January 30 sale was executed to cover a personal federal income tax obligation and was made pursuant to a Rule 10b5-1 Trading Plan.

Market context provided by InvestingPro indicates Waste Management shares are trading near their Fair Value. At the time of the filing, WM was trading at $222.03 and the company’s price-to-earnings ratio stood at 33.12. InvestingPro data also records a dividend track record of 28 consecutive years with a current yield of 1.48% and assigns the company an overall financial health rating of "GOOD."

Additional market metrics cited in the filing show Waste Management typically exhibits relatively low price volatility, with a beta of 0.59. Analysts’ price targets for the stock span a range from $200 to $285 per share.

The equity moves come amid recent quarterly results: Waste Management reported fourth-quarter 2025 earnings per share of $1.93, slightly below the consensus forecast of $1.95. Revenue for the quarter was $6.31 billion, missing the anticipated $6.39 billion. The company’s quarterly results and the insider transactions are being followed by investors and analysts as they assess operational and financial trends.

Investors seeking expanded analysis can consult the InvestingPro Pro Research Report, which covers Waste Management alongside more than 1,400 other stocks.


Clear summary

Waste Management COO John J. Morris sold 690 shares on January 30, 2026 for about $151,444 to meet a federal tax obligation under a Rule 10b5-1 plan, after receiving 16,481 shares and selling 5,839 shares on January 29 related to a performance share award. WM shares trade near InvestingPro’s Fair Value estimate, and the company recently reported a modest miss in fourth-quarter 2025 EPS and revenue.

Risks

  • Earnings and revenue shortfall - Q4 2025 EPS of $1.93 and revenue of $6.31 billion missed analyst expectations, introducing near-term uncertainty for investor sentiment (impacts equities and industrial services sectors).
  • Analyst target dispersion - price targets ranging from $200 to $285 per share reflect a wide set of valuations and outlooks among analysts, indicating variability in expectations (impacts market valuation assessment in equity markets).
  • Insider transactions may be interpreted in different ways - although the January 30 sale was executed to satisfy a personal federal tax obligation under a Rule 10b5-1 plan, such activity can create questions among investors about executive positioning (impacts corporate governance and investor relations considerations).

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