Waste Management SEC Filings

Waste Management, Inc. reported that its Retirement Savings Plan will change recordkeepers effective January 1, 2026, which will require a temporary blackout period for plan activity. From 4:00 p.m. ET on December 24, 2025, until during the week of January 18, 2026, plan participants will not be able to change contribution rates, rebalance investments (including investments in the company stock fund), or request loans, withdrawals, or distributions.

The company also notified its directors and executive officers that, during this blackout period, they are not allowed to buy, sell, or otherwise transfer any Waste Management equity securities that they hold or acquire in connection with their service or employment. Security holders and other interested persons can request the exact blackout start and end dates without charge from the Corporate Secretary at the company’s Houston headquarters.

A shareholder of Waste Management, Inc. filed a Form 144 notice to potentially sell up to 1,380 shares of common stock through Merrill Lynch on the NYSE, with an indicated aggregate market value of $299,542.80. The company reports 402,867,051 shares of common stock outstanding.

The shares to be sold come from recent equity compensation. One block of 928 shares was acquired on 03/01/2025 via vesting of a restricted stock unit award, and another 452 shares was acquired on 01/30/2025 via vesting of a performance share award, both granted under the issuer’s equity compensation plan. The filer represents that they are not aware of undisclosed material adverse information about Waste Management’s current or prospective operations.

Gates Foundation Trust and William H. Gates III filed Amendment No. 10 to Schedule 13G reporting beneficial ownership of Waste Management, Inc. common stock. They report 28,934,344 shares, representing 7.2% of the class.

The filing shows shared voting power and shared dispositive power over 28,934,344 shares, with no sole voting or dispositive power. The percentage is based on 402,867,051 shares outstanding as of October 24, 2025, as reported by the company. The filers certify the securities were not acquired and are not held to change or influence control.

The trust’s name changed to Gates Foundation Trust effective January 6, 2025. The amendment notes that Melinda French Gates is no longer a reporting person, and Cascade Investment, L.L.C. had been removed in a prior amendment.

Waste Management (WM) reported an insider transaction by a director. On 11/03/2025, the reporting person purchased 2,000 shares of common stock at $196.4201 per share, coded “P.” The shares are held indirectly through ASM Assets, LP.

Following the trade, indirect beneficial ownership stood at 7,314 shares. The filing was submitted by one reporting person in the capacity of Director.

Waste Management (WM) reported a Form 4 showing its EVP & CFO received 2,628 restricted stock units on 11/03/2025 under the 2023 Stock Incentive Plan at a stated price of $0.0000 per unit.

The RSUs vest 34% on the first anniversary of the grant date and 33% on each of the second and third anniversaries. Following the reported transaction, the officer beneficially owned 7,839.6057 shares of common stock, held directly. The filing was signed by attorney-in-fact Courtney Tippy on 11/04/2025.

Waste Management (WM) reported an amended Section 16 filing by its EVP & CFO correcting option terms. The amendment revises the stock option’s expiration to 03/01/2032 and includes a revised Power of Attorney.

The filing lists a stock option for 1,702 shares of common stock at an exercise price of $145.67, first exercisable on 03/01/2023. The grant vests 34% on the first anniversary of the grant date, with 33% vesting on each of the second and third anniversaries. The event date is 11/01/2025 and ownership is reported as direct.

Waste Management (WM) reported an insider ownership update. The company’s EVP & CFO filed a Form 3 initial statement effective 11/01/2025, showing direct beneficial ownership of 5,211.6057 shares of common stock.

The officer also holds stock options for 1,702, 2,285, and 1,860 shares with exercise prices of $145.67, $150.115, and $204.7585, respectively. Options were granted under the 2014 and 2023 Stock Incentive Plans and vest 34% on the first anniversary of grant and 33% on the second and third anniversaries.

Waste Management, Inc. reported Q3 results showing higher sales but lower profit. Operating revenues rose to $6,443 million from $5,609 million a year ago, while income from operations declined to $989 million from $1,119 million. Net income was $603 million versus $760 million, and diluted EPS was $1.49 compared to $1.88.

Year-to-date, revenue reached $18,891 million (from $16,170 million), with net income of $1,966 million (from $2,148 million). Cash from operations was strong at $4,345 million, funding $2,339 million of capital expenditures and $1,001 million in dividends. The effective tax rate declined to 22.2% in Q3, reflecting federal tax credits, including those tied to renewable natural gas investments. Long-term debt stood at $22,482 million (less current portion), with $2.4 billion of unused capacity under the $3.5 billion revolving credit facility. Shares outstanding were 402.9 million at quarter end, and 402,867,051 were outstanding as of October 24, 2025.

Segment results included Collection & Disposal as the largest contributor, Recycling Processing and Sales at $372 million of net revenue, WM Renewable Energy at $115 million, and the newer WM Healthcare Solutions at $628 million. Landfill and environmental remediation liabilities totaled $3,350 million.