Waste Management awards $1M bonus to former CFO

Waste Management, Inc. awarded a $1 million cash transition success bonus to former Executive Vice President and Chief Financial Officer Devina Rankin on March 13, 2026.

Rhea-AI Filing Summary

Waste Management, Inc. awarded a $1 million cash transition success bonus to former Executive Vice President and Chief Financial Officer Devina Rankin on March 13, 2026. The company explains this recognizes the value delivered to stockholders from her leadership in completing an orderly CFO transition and advancing integration of its Healthcare Solutions business.

Ms. Rankin had voluntarily resigned as CFO effective November 1, 2025 after a 23-year career with nearly nine years in the CFO role, then continued as an executive advisor at her prior base salary through March 13, 2026 to support the handover. The bonus is in addition to her 2025 annual cash incentive award and is governed by a transition success bonus letter agreement filed as an exhibit.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Waste Management (WM) disclose about former CFO Devina Rankin?

Waste Management disclosed a $1 million cash transition success bonus for former CFO Devina Rankin. The company credits her leadership in the orderly CFO transition and integration of its Healthcare Solutions business, following a 23-year career and nearly nine years as Chief Financial Officer.

Why did Waste Management (WM) grant a $1 million transition bonus to its former CFO?

The $1 million bonus rewards Devina Rankin for completing a smooth Chief Financial Officer transition and contributing to Healthcare Solutions business integration. Waste Management states the payment recognizes value delivered to stockholders through her leadership during this change and her extended advisory role through March 13, 2026.

When did Devina Rankin resign as Waste Management (WM) CFO and what was her role afterward?

Devina Rankin voluntarily resigned as Executive Vice President and Chief Financial Officer effective November 1, 2025. After stepping down, she continued as an executive advisor at her prior base salary through March 13, 2026, helping ensure an effective transition of her responsibilities to her successor.

Is the $1 million bonus to Waste Management’s former CFO in addition to her 2025 incentive award?

Yes, the $1 million cash transition success bonus is in addition to Devina Rankin’s 2025 annual cash incentive award payout. Waste Management emphasizes this separate payment specifically recognizes her transition leadership and integration work beyond her standard annual incentive compensation for the 2025 performance year.

How long did Devina Rankin serve at Waste Management (WM) before receiving the transition bonus?

Devina Rankin’s career at Waste Management spanned 23 years, including nearly nine years as Chief Financial Officer. The company highlights this long tenure and her senior leadership contributions as context for awarding the $1 million cash transition success bonus tied to the CFO role handover and business integration efforts.

What document governs the $1 million transition bonus for Waste Management’s former CFO?

The bonus is governed by a transition success bonus letter agreement dated March 13, 2026. Waste Management filed this letter as Exhibit 10.1, incorporating it by reference, to formally document the terms of the $1 million cash transition success bonus paid to former CFO Devina Rankin.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/13/2026 - 04:30 PM Learn about SEC filing dates

false 0000823768 WASTE MANAGEMENT INC 0000823768 2026-03-13 2026-03-13 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 13, 2026

Waste Management, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware		1-12154		73-1309529
(State or Other Jurisdiction  of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

800 Capitol Street, Suite 3000, Houston, Texas		77002
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone number, including area code: (713) 512-6200

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value	WM	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously announced, Ms. Devina Rankin voluntarily resigned from her position of Executive Vice President and Chief Financial Officer of Waste Management, Inc. as of November 1, 2025, following her admirable career spanning 23 years of dedicated service, including nearly nine years as Chief Financial Officer.  She continued to serve as an executive advisor at her prior base salary through March 13, 2026 to ensure an effective transition of her responsibilities. On March 13, 2026, Ms. Rankin received a cash bonus of $1 million in recognition of the value delivered to stockholders as a result of her leadership in completing the orderly transition of the Chief Financial Officer role to her successor and her important contributions toward the integration of our Healthcare Solutions business, which amount is in addition to her annual cash incentive award payout earned for 2025.

The cash transition success bonus was paid pursuant to a letter agreement filed as an exhibit hereto and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Index

Exhibit Number		Description
10.1		Transition success bonus letter agreement dated March 13, 2026.
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	WASTE MANAGEMENT, INC.
Date: March 13, 2026	By:	/s/ Charles C. Boettcher
		Charles C. Boettcher
		Executive Vice President and Chief Legal Officer

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 6.3 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB