Waste Management awards 10,006 stock options to SVP

Waste Management, Inc. reported that Sr.

Rhea-AI Filing Summary

Waste Management, Inc. reported that Sr. VP - Operations Donald J. Smith received a grant of stock options on March 3, 2026. The award covers 10,006 stock options with a stated exercise price of $0.0000 per share, recorded as a derivative security held directly.

According to the grant terms, the options were issued under the Waste Management, Inc. 2023 Stock Incentive Plan. The options vest over three years, with 34% vesting on the first anniversary of the grant date and 33% vesting on each of the second and third anniversaries.

Insider Trade Summary

Grant/Award: 10,006 shares

Grant/Award 1 txn

Insider Smith Donald J

Role Sr. VP - Operations

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	10,006	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 10,006 contracts (Direct)

Footnotes (1)

1. F1. Stock option granted pursuant to Waste Management, Inc. 2023 Stock Incentive Plan. The stock option vests 34% on the first anniversary of the date of grant with 33% vesting on the 2nd and 3rd anniversary of the date of grant.

FAQ

What insider transaction did Waste Management (WM) report for Donald J. Smith?

Waste Management reported that Sr. VP - Operations Donald J. Smith received a grant of 10,006 stock options on March 3, 2026. The options are recorded as a derivative security held directly and were granted under the company’s 2023 Stock Incentive Plan.

How many stock options were granted to Donald J. Smith at Waste Management (WM)?

Donald J. Smith was granted 10,006 stock options in a single transaction. These options are reported as a derivative security with 10,006 total options held following the transaction, all directly owned under Waste Management’s 2023 Stock Incentive Plan.

What is the exercise price of the stock options granted to Donald J. Smith at WM?

The reported exercise price for Donald J. Smith’s stock option grant is $0.0000 per share. This figure appears in the Form 4 transaction details and applies to all 10,006 options granted on March 3, 2026 under the 2023 Stock Incentive Plan.

How do the Donald J. Smith stock options at Waste Management (WM) vest?

The stock options vest in three stages over three years. They vest 34% on the first anniversary of the grant date, then 33% on the second anniversary, and the remaining 33% on the third anniversary, according to the plan footnote.

Under which plan were Donald J. Smith’s Waste Management (WM) stock options granted?

The options were granted under the Waste Management, Inc. 2023 Stock Incentive Plan. The Form 4 footnote specifies that the entire 10,006-option award is issued pursuant to this plan and outlines its multi-year vesting schedule.

What role does Donald J. Smith hold at Waste Management (WM) in this Form 4?

In this Form 4, Donald J. Smith is identified as an officer of Waste Management with the title Sr. VP - Operations. The reported transaction reflects an option grant associated with his position, showing direct beneficial ownership of the derivative security.

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Accepted by SEC EDGAR 03/05/2026 - 03:31 PM Learn about SEC filing dates

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^*

Smith Donald 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)
	Sr. VP - Operations

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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
Stock Option (Right to Buy)(1)	$241.55	03/03/2026		A		10,006		03/03/2027	03/03/2036	Common Stock	10,006	$0.0000	10,006	D

Explanation of Responses:

1. Stock option granted pursuant to Waste Management, Inc. 2023 Stock Incentive Plan. The stock option vests 34% on the first anniversary of the date of grant with 33% vesting on the 2nd and 3rd anniversary of the date of grant.

	Courtney Tippy, Attorney-in-fact	03/05/2026
	** 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.
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