Insider Trading February 17, 2026

Waste Management Operations Chief Disposes $2.85M in Stock, Exercises Options Worth $574K

Insider sale and option exercises coincide with a slight Q4 2025 earnings and revenue shortfall for WM

By Marcus Reed WM
Waste Management Operations Chief Disposes $2.85M in Stock, Exercises Options Worth $574K
WM

Donald J. Smith, Senior Vice President - Operations at Waste Management Inc (NYSE:WM), sold 12,194 shares on February 17, 2026, for $2,847,055 and exercised options to acquire 4,842 shares valued at $573,997 the same day. The company recently reported Q4 2025 results that narrowly missed consensus on both earnings and revenue.

Key Points

  • Donald J. Smith, Sr. VP - Operations at Waste Management, sold 12,194 shares on February 17, 2026 for $2,847,055 at $233.48 per share.
  • On the same day Smith exercised two option grants totaling 4,842 shares with exercise prices of $110.81 and $126.005, valued at $573,997.
  • Waste Management reported Q4 2025 EPS of $1.93 versus an expected $1.95 (-1.03% surprise) and revenue of $6.31 billion against a $6.39 billion forecast; no M&A or analyst rating changes were reported.

Donald J. Smith, Sr. VP - Operations at Waste Management Inc (NYSE:WM), completed an open-market sale of common stock and exercised stock options on February 17, 2026, according to filings.

Insider transactions

On February 17, 2026, Smith sold 12,194 shares of Waste Management common stock at a per-share price of $233.48, producing gross proceeds of $2,847,055. That same day, he executed two option exercises that together converted to 4,842 shares of the company’s common stock. The option exercises had strike prices of $110.81 and $126.005 per share, and the combined value of the acquired shares from those exercises is reported at $573,997.

Quarterly results snapshot

Waste Management’s most recent quarterly report, covering the fourth quarter of 2025, showed a small shortfall versus consensus estimates. Reported earnings per share were $1.93, compared with an expected $1.95, a variance characterized as a -1.03% surprise. Revenue for the quarter totaled $6.31 billion against a $6.39 billion forecast.

Other recent disclosures

The company’s latest public updates did not include any announcements of mergers or acquisitions. Likewise, filings and reports reviewed did not reference any analyst upgrades or downgrades during the same period.

What is known from the filings

The transaction records provide the concrete details of Smith’s sale and option exercises and the company’s reported quarterly financials. Beyond those items, the available material does not report other corporate actions or changes to analyst coverage.


Note: The article reports on the transactions and the company’s most recent quarter as disclosed in public filings and company reports. No additional corporate actions or analyst changes were identified in those disclosures.

Risks

  • Quarterly results slightly missed consensus forecasts on both EPS and revenue, introducing short-term performance uncertainty for Waste Management. (Impacts: waste management and broader industrial services sectors.)
  • No reported mergers, acquisitions, or analyst rating changes were disclosed in the recent updates, leaving near-term external catalysts or re-evaluations of the stock absent from the public record. (Impacts: investors and equity analysts covering WM.)

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