David L. Reed, who serves as Executive Vice President and Chief Financial Officer at Waste Management Inc. (NYSE: WM), executed two share disposals in early March 2026, according to a Form 4 filed with the Securities and Exchange Commission.
On March 9, 2026, Reed sold 75 shares of Waste Management common stock at $245.26 per share, generating proceeds of $18,394. Earlier, on March 7, 2026, he disposed of 121 shares related to the settlement of a restricted share award granted under the Waste Management, Inc. 2014 Stock Incentive Plan. That transaction was executed at $246.31 per share, producing total proceeds of $29,803.
After those transactions, Reed directly owns 8,494.6057 shares of Waste Management. The company’s shares are trading at $235.61, giving Waste Management a market capitalization of $95.38 billion.
Valuation and investor signals
Independent analysis cited in the filing indicates that Waste Management is trading above its calculated Fair Value. The stock carries a price-to-earnings ratio of 35.17 and has returned 12.2% year to date. Alongside these valuation measures, the company’s dividend track record was highlighted: Waste Management has increased its dividend for 22 consecutive years and the current yield stands at 1.53%.
Additional research referenced in the disclosure points readers to a broader Pro Research Report covering Waste Management and more than 1,400 other U.S. equities for further detail and supplemental ProTips.
Recent operational and financial developments
Waste Management reported fourth-quarter 2025 results that narrowly missed consensus expectations. The company recorded earnings per share of $1.93, below the $1.95 forecast, and reported revenue of $6.31 billion, short of the $6.39 billion estimate. Alongside the quarterly results, 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.
The company also granted annual incentive awards to senior executives, including CEO James C. Fish, Jr., and other named leaders, as part of its executive compensation program.
Sector context noted by analysts
Analysts at Barclays noted that waste management companies, Waste Management included, are positioned to handle higher fuel costs through established surcharge mechanisms. Barclays also observed that the sector had outperformed the S&P 500 by roughly 200 basis points since the onset of the identified geopolitical conflict.
These disclosures and moves by insiders provide a snapshot of recent activity at Waste Management, illustrating management’s share sales, the company’s near-term financial performance, and how broader sector dynamics are being framed by analysts.