[Form 4] Waste Management, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Waste Management, Inc. (WM) reporting person Tara J. Hemmer, SVP & Chief Sustainability Officer, acquired 9,130 restricted stock units (RSUs) on 09/02/2025 under the 2023 Stock Incentive Plan. Following the grant, the filing reports beneficial ownership of 77,815.5789 shares. The RSUs vest 50% on the second anniversary of the grant date and 50% on the third anniversary. The Form 4 was signed by an attorney-in-fact, Courtney Tippy, on 09/04/2025. The filing indicates this is a single reporting person filing and the transaction code is A reflecting an acquisition.

Positive

• Alignment with shareholders: Granting time‑vested RSUs encourages retention and aligns executive incentives with long‑term shareholder value
• Timely disclosure: Form 4 filed and signed via attorney‑in‑fact within two days of the transaction date

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine executive equity grant aligning long-term incentives with shareholder value, disclosed in a standard Form 4.

The reported grant of 9,130 RSUs to the company’s SVP & Chief Sustainability Officer is consistent with typical executive compensation practices designed to retain senior management and align interests with shareholders. The vesting schedule (50% at year two, 50% at year three) indicates a multi-year retention focus. The filing is timely and was executed via power of attorney, which is common for administrative filings. No derivative transactions or disposals were reported.

Compensation Analyst

TL;DR: The RSU grant is a standard equity award; size relative to total holdings should be reviewed but filing alone shows routine grant mechanics.

The Form 4 discloses an acquisition (code A) of 9,130 RSUs under the 2023 Stock Incentive Plan, increasing reported beneficial ownership to 77,815.5789 shares. Vesting is time-based over two additional years, implying retention rather than immediate liquidity. The document contains no performance-based conditions or exercise prices since these are RSUs. The filing provides the necessary disclosure for market and governance review but does not include information on grant valuation or percentage of outstanding shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hemmer Tara J.

(Last) (First) (Middle)

800 CAPITOL STREET, SUITE 3000

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WASTE MANAGEMENT INC [ WM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief Sustainability Off

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	09/02/2025		A		9,130	A	$0.0000	77,815.5789	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted pursuant to the 2023 Stock Incentive Plan. Restricted stock units vest 50% on the second anniversary of the date of grant and 50% on the third anniversary of the date of grant.

	Courtney Tippy, Attorney-in-fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Tara J. Hemmer report on Form 4 for WM?

The filing reports acquisition of 9,130 restricted stock units (RSUs) on 09/02/2025, increasing beneficial ownership to 77,815.5789 shares.

What are the vesting terms of the RSUs reported in the WM Form 4?

The RSUs vest 50% on the second anniversary of the grant date and 50% on the third anniversary of the grant date.

What is Tara Hemmer's role at Waste Management (WM)?

The filing identifies Tara J. Hemmer as SVP & Chief Sustainability Officer.

When was the Form 4 signed and by whom?

The Form 4 was signed by attorney‑in‑fact Courtney Tippy on 09/04/2025.

Did the Form 4 report any option exercises, sales, or derivative transactions?

No. The filing reports an acquisition (code A) of RSUs and shows no derivative securities or disposals.