Waste Management to impose employee plan trading blackout during recordkeeper change

Published 20/11/2025, 22:44
Waste Management to impose employee plan trading blackout during recordkeeper change

Waste Management, Inc. (NYSE:WM) informed directors and executive officers on Thursday that the company will temporarily suspend certain transactions under its Retirement Savings Plan as it changes recordkeepers. According to a statement based on a SEC filing, the blackout period is expected to begin at 4:00 p.m. ET on December 24, 2025, and is projected to end during the week of January 18, 2026. The waste services giant, currently valued at $87.36 billion and trading at $216.80 per share, maintains a solid financial health rating according to InvestingPro data. Despite trading at a high P/E ratio of 34.22, the company has consistently maintained dividend payments for 28 consecutive years.

During this blackout period, participants in the Waste Management Retirement Savings Plan will not be able to change contribution rates, direct or diversify investments in their individual accounts—including accounts invested in company common stock—obtain loans, make hardship or other withdrawals, or receive distributions from the plan.

Directors and executive officers were also notified that, during the blackout period, they are not permitted, directly or indirectly, to purchase, sell, or otherwise acquire or transfer any equity security of Waste Management, Inc. if such security was acquired in connection with their service or employment as a director or executive officer.

The company stated that security holders or other interested parties may request the actual beginning and ending dates of the blackout period, without charge, by contacting the Corporate Secretary at Waste Management’s Houston office.

A copy of the notice provided to directors and executive officers was included as an exhibit to the company’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Waste Management announced a quarterly cash dividend of $0.825 per share, payable on December 19, 2025, to stockholders of record as of December 5, 2025. Bernstein SocGen Group initiated coverage on Waste Management with an Outperform rating, citing expected growth in waste volumes and upcoming renewable investments as factors that could enhance free cash flow. Baird upgraded its rating on Waste Management from Neutral to Outperform, raising the price target to $242.00 due to the stock’s current valuation and risk/reward profile. Truist Securities reiterated its Buy rating, maintaining a $260.00 price target, and highlighted a promising free cash flow outlook for 2026, projecting a 33% year-over-year growth. Meanwhile, Scotiabank lowered its price target to $254.00, maintaining a Sector Outperform rating, and noted transitory headwinds related to commodities and Stericycle. These developments reflect a range of analyst perspectives on Waste Management’s financial prospects and strategic positioning.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.