Insider Trading March 10, 2026

Waste Management Accounting Chief Disposes of Small Stake; Company Posts Modest Q4 Miss

VP and Chief Accounting Officer John A. Carroll sold two tranches of WM stock in March; company reported slight EPS and revenue shortfalls alongside a declared quarterly dividend

By Caleb Monroe WM
Waste Management Accounting Chief Disposes of Small Stake; Company Posts Modest Q4 Miss
WM

Waste Management Inc.'s Vice President and Chief Accounting Officer John A. Carroll sold 47 shares of company stock on March 9, 2026, for $11,529, after settling 74 restricted shares on March 7, 2026. The company reported a slight miss on fourth-quarter 2025 earnings and declared a quarterly dividend payable March 27, 2026. Analysts note the sector's ability to pass through higher fuel costs via surcharge programs.

Key Points

  • John A. Carroll, Vice President and Chief Accounting Officer, sold 47 shares on March 9, 2026, for $245.3001 per share, totaling $11,529, and previously settled 74 restricted shares on March 7, 2026, for $246.31 per share, totaling $18,226.
  • Following these transactions, Carroll directly holds 8,983.3039 shares of Waste Management Inc.; the stock traded at $236.87 with a market capitalization of $95.5 billion at the time of reporting.
  • Waste Management reported Q4 2025 EPS of $1.93 (miss vs. $1.95 expected) and revenue of $6.31 billion (miss vs. $6.39 billion expected), declared a quarterly dividend of $0.945 payable March 27, 2026, and remains positioned to pass through higher fuel costs via surcharge programs, according to Barclays.

Waste Management Inc. (NYSE:WM) disclosed that John A. Carroll, the company's Vice President and Chief Accounting Officer, completed a small sale of company stock on March 9, 2026. According to a regulatory filing, Carroll sold 47 shares at $245.3001 per share, resulting in proceeds of $11,529.

The filing shows this sale followed an earlier transaction tied to restricted-equity settlement. On March 7, 2026, Carroll disposed of 74 shares of Common Stock at a price of $246.31 per share, totaling $18,226. That disposition was recorded as the settlement of a restricted share award granted under the Waste Management, Inc. 2014 Stock Incentive Plan.

After the March transactions, Carroll's direct holdings in Waste Management total 8,983.3039 shares. Share-price context from the same reporting window places WM trading at $236.87 with a market capitalization of $95.5 billion. Independent analysis cited in the reporting indicates that shares are trading above InvestingPro's Fair Value estimate. The company has returned 14% over the past six months and, according to InvestingPro Tips, has increased its dividend for 22 consecutive years.


Separately, Waste Management reported fourth-quarter 2025 results that slightly missed consensus expectations. The company posted earnings per share of $1.93, compared with anticipated EPS of $1.95, and reported revenue of $6.31 billion, against an expected $6.39 billion.

The board declared a quarterly cash dividend of $0.945 per share, payable on March 27, 2026, to shareholders of record as of March 13, 2026.

Institutional commentary cited in the report pointed to the sector's capacity to cope with elevated fuel costs resulting from the ongoing Iran war through established surcharge programs. Barclays analysts specifically observed that waste management companies, including Waste Management, are positioned to manage higher fuel-related expenses via such mechanisms. The firm's Management Development and Compensation Committee also awarded annual incentive grants to top executives, including CEO James C. Fish, Jr. Barclays highlighted the defensive characteristics of the sector in light of global energy price impacts.

Taken together, the filings and quarterly results present a mix of equity-level insider activity, near-term operational performance, and corporate compensation actions. The insider dispositions reported by Carroll were relatively modest in aggregate size and included a settlement of restricted stock awards, while the company's reported quarterly financials showed slight shortfalls versus expectations and a continuation of its long-running dividend program.

Risks

  • Slight shortfall in quarterly results - Q4 2025 EPS and revenue missed expectations, which may weigh on investor sentiment in the waste management sector.
  • Exposure to higher fuel costs - While surcharge programs exist, ongoing global energy-price volatility tied to the Iran war represents an operational cost risk for waste management companies and related sectors.
  • Insider selling - Although the disclosed transactions were modest and included restricted-share settlements, insider dispositions can introduce short-term market perception risk for equity investors.

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