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 second 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) April 1 — 30 (b) 0.3 ​ $ 207.33 ​ 0.3 ​ $ 1,238 million ​ May 1 — 31 — ​ $ — ​ — ​ $ 1,238 million ​ June 1 — 30 — ​ $ — ​ — ​ $ 1,238 million (c) Total 0.3 ​ $ — 0.3 ​ ​ ​ ​ (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) We repurchased 0.2 million shares of our common stock through a February 2024 ASR agreement that completed in April 2024, based on a final weighted average price of $206.23. Additionally, we repurchased 0.1 million shares in open market transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Exchange Act for $12 million, inclusive of per-share commissions, at a weighted average price of $209.20. See Note 11 to the Condensed Consolidated Financial Statements for additional information. (c) As of June 30, 2024, the Company has authorization for $1,238 million of future share repurchases. As a result of the planned Stericycle acquisition, the Company previously announced that it has temporarily suspended 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. ​ 44 ​