WASTE MANAGEMENT INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. The following table summarizes common stock repurchases made during the first quarter of 2024 (shares in millions): Issuer Purchases of Equity Securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ ​ Total ​ ​ ​ ​ Shares Purchased as ​ Approximate Maximum ​ ​ Number of ​ Average ​ Part of Publicly ​ Dollar Value of Shares that ​ ​ Shares ​ Price Paid ​ Announced Plans or ​ May Yet be Purchased Under Period Purchased per Share(a) Programs the Plans or Programs(a) January 1 — 31 — ​ $ — ​ — ​ $ 1.5 billion ​ February 1 — 29 (b) 1.2 ​ $ 194.80 ​ 1.2 ​ $ 1.25 billion ​ March 1 — 31 — ​ $ — ​ — ​ $ 1.25 billion (c) Total 1.2 ​ $ 194.80 ​ 1.2 ​ ​ ​ ​ (a) In the table above and footnotes below, the average price paid per share, total repurchase costs and approximate maximum dollar value of shares that may yet be purchased under the plans or programs exclude the 1% excise tax. (b) In October 2023, we executed an accelerated share repurchase (“ASR”) agreement to repurchase $300 million of our common stock. At the beginning of the repurchase period, we delivered $300 million in cash and initially received 1.5 million shares based on a stock price of $161.38. The ASR agreement completed in February 2024, at which time we received 0.2 million additional shares based on a final weighted average price of $175.29. In February 2024, we entered into an accelerated share repurchase (“ASR”) agreement to repurchase $250 million of our common stock. At the beginning of the repurchase period, we delivered $250 million cash and initially received 1.0 million shares based on a stock price of $199.16. The ASR agreement completed in April 2024, and we received 0.2 million additional shares based on a final weighted average price of $206.23. The average price per share reported in the table reflects the weighted average price of (i) the final share delivery from the October 2023 ASR, which was made in February 2024, and (ii) the initial share delivery of the February 2024 ASR. (c) As of March 31, 2024, the Company has authorization for $1.25 billion of future share repurchases. The amount of future share repurchases executed under our Board of Directors’ authorization is determined in management’s discretion, based on various factors, including our net earnings, financial condition and cash required for future business plans, growth and acquisitions. Item 3. Defaults Upon Senior Securities. None. Item 4. Mine Safety Disclosures. Information concerning mine safety and other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K is included in Exhibit 95 to this quarterly report. ​ ​ 36 ​