Insider Trading February 2, 2026

Waste Management Senior VP Executes Multi-Day Stock Transactions Amid Quarter Miss

Donald J. Smith both sold and received shares in late January as company posts slight Q4 2025 earnings and revenue shortfalls

By Maya Rios WM
Waste Management Senior VP Executes Multi-Day Stock Transactions Amid Quarter Miss
WM

Waste Management Senior Vice President of Operations Donald J. Smith completed a series of stock transactions on January 29-30, 2026, including the settlement of a performance share award and a separate sale. The company reported fourth-quarter 2025 results that narrowly missed analyst estimates for both earnings per share and revenue. No merger-and-acquisition activity or analyst rating changes were reported in connection with the earnings release.

Key Points

  • Donald J. Smith, Waste Management Senior Vice President of Operations, acquired 12,208 shares on January 29, 2026 via settlement of a performance share award under the 2014 Stock Incentive Plan, valued at $2,764,013.
  • Smith sold 4,166 shares on January 29, 2026 for $943,224 and sold 690 shares on January 30, 2026 for approximately $151,513; after these transactions he directly owns 13,376 shares and indirectly holds 4,716.2086 shares through a 401(k) Plan.
  • Waste Management reported Q4 2025 EPS of $1.93 and revenue of $6.31 billion, missing analyst forecasts of $1.95 per share and $6.39 billion in revenue; there were no reported M&A updates or analyst rating changes tied to the release.

Waste Management, Inc. (NYSE: WM) disclosed a sequence of insider transactions by Donald J. Smith, the company’s Senior Vice President of Operations, along with its fourth-quarter 2025 financial results.

According to a Form 4 filed with the U.S. Securities and Exchange Commission, Smith acquired 12,208 shares of Waste Management common stock on January 29, 2026. The shares were obtained at a per-share price of $226.41, yielding a total value of $2,764,013. The filing notes these shares were issued through the settlement of a performance share award that originated under the company’s 2014 Stock Incentive Plan.

Also on January 29, 2026, Smith disposed of 4,166 shares at the same unit price of $226.41, producing proceeds of $943,224. The following day, January 30, 2026, he sold an additional 690 shares of common stock at a price of $219.585 per share, for gross proceeds of approximately $151,513.

Following the transactions reported on the Form 4, Smith directly holds 13,376 shares of Waste Management common stock. In addition, he has an indirect holding of 4,716.2086 shares through a 401(k) Plan.


Separately, Waste Management published its fourth-quarter 2025 earnings figures. The company reported earnings per share of $1.93, which fell short of the consensus estimate of $1.95. Revenue for the quarter was $6.31 billion, compared with expectations of $6.39 billion.

The company’s earnings announcement did not include any updates regarding mergers or acquisitions. The filing and the earnings disclosure also noted that, at the time of the report, analysts had not issued recent upgrades or downgrades to Waste Management’s stock.

These disclosures - the executive’s share movements and the quarter’s results that slightly missed estimates - form the core of the company’s most recent public developments. The details are outlined in the SEC filing and the company’s quarterly release.

Risks

  • The company’s fourth-quarter 2025 earnings and revenue each came in below consensus estimates, presenting a risk to investor expectations in the waste management sector.
  • The earnings release included no updates on mergers or acquisitions, leaving potential strategic developments unaddressed for investors and market observers.
  • Analysts have not issued recent upgrades or downgrades for the stock, which may contribute to limited external guidance for market participants assessing Waste Management’s near-term outlook.

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