Carrasco Rafael, SVP of Enterprise Strategy at Waste Management (WM), has demonstrated a consistent pattern of selling activity in recent years, with no recent purchases recorded. Since February 2024, Rafael has executed 11 sales totaling approximately $6.64 million, offset by $6.59 million in acquisitions—primarily from awards and exercises rather than open-market buys. The most significant transactions include a $1.72 million sale on February 13, 2026, and a $903,562 disposition on February 7, 2025, alongside smaller but frequent sales ranging from $15,113 to $471,396. Notably, Rafael’s acquisitions stem from equity awards, such as a $2.76 million award on January 29, 2026, and a $3.06 million award on January 30, 2025, with no open-market purchases observed.
The trading activity suggests a disciplined approach to liquidating equity compensation, with sales often following award vesting events. For instance, the $1.52 million sale on January 30, 2025, occurred the same day as a $1.06 million award exercise, while the $943,224 sale on January 29, 2026, coincided with a new award grant. The absence of recent buys and the clustering of sales around corporate actions indicate a focus on monetizing vested holdings rather than accumulating additional shares. All transactions are confined to WM, reflecting Rafael’s exclusive holdings in the company. The data reveals a net seller bias, with sales consistently executed across multiple years, though the dollar values remain closely aligned with award-related inflows.
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