Waste Management (WM) SVP exercises options and sells 17,251 shares

Rhea-AI Filing Summary

Waste Management Inc. senior vice president Michael J. Watson reported option exercises and share sales. On March 2, 2026, he exercised stock options for 12,642 shares at $126.0050 per share, converting them into common stock. That same day, he sold 4,609 shares of common stock at a weighted average price of $241.8300 per share and an additional 12,642 shares at a weighted average price of $241.8064 per share in open-market transactions. After these trades, he held 44,146.2959 shares of common stock directly and 2,612.5834 shares indirectly through a 401(k) plan.

Insider Trade Summary

Net Seller: 17,251 shares ($4,171,511)

Net Sell 5 txns

Insider Watson Michael J.

Role Sr. VP-Chief Customer Officer

Sold 17,251 shs ($4.17M)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	12,642	$126.005	$1.59M
Exercise	Common Stock	12,642	$126.005	$1.59M
Sale	Common Stock	4,609	$241.83	$1.11M
Sale	Common Stock	12,642	$241.8064	$3.06M
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 61,397.296 shares (Direct); Common Stock — 2,612.583 shares (Indirect, By 401(k) Plan)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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).

X

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^*

Watson Michael 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-Chief Customer Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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
Common Stock	03/02/2026		M		12,642	A	$126.005	61,397.2959	D
Common Stock	03/02/2026		S		4,609	D	$241.83	56,788.2959	D
Common Stock(1)	03/02/2026		S		12,642	D	$241.8064	44,146.2959	D
Common Stock								2,612.5834	I	By 401(k) Plan

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)	$126.005	03/02/2026		M			12,642	02/19/2021	02/19/2030	Common Stock	12,642	$126.005	0.0000	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $241.1000 to $242.5700. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	Courtney Tippy, Attorney-in-fact	03/03/2026
	** 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.
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 insider transactions did WM executive Michael J. Watson report on March 2, 2026?

Michael J. Watson reported exercising options and selling shares on March 2, 2026. He exercised options for 12,642 shares at $126.0050 each, then sold 4,609 and 12,642 common shares in separate open-market transactions at weighted average prices around $241.80 per share.

How many Waste Management (WM) shares did Michael J. Watson sell in this Form 4 filing?

He sold a total of 17,251 Waste Management common shares. The transactions included 4,609 shares at a weighted average of $241.8300 per share and 12,642 shares at a weighted average of $241.8064 per share in open-market or private transactions.

What stock option exercise did Michael J. Watson report for Waste Management (WM)?

He reported exercising a stock option for 12,642 shares at $126.0050 per share. This derivative exercise converted the option into 12,642 shares of Waste Management common stock, which then formed part of his directly held share balance before subsequent sales.

How many Waste Management (WM) shares does Michael J. Watson own after these transactions?

After the reported transactions, he directly owned 44,146.2959 Waste Management common shares. He also had an additional 2,612.5834 shares held indirectly through a 401(k) plan, reflecting retirement-plan holdings separate from his direct ownership.

Were Michael J. Watson’s Waste Management (WM) share sales executed in multiple trades?

Yes, at least one sale transaction was executed in multiple trades. A footnote states trades occurred at prices from $241.1000 to $242.5700, with the reported price reflecting the weighted average. Detailed trade breakdowns are available upon request from the reporting person.