Waste Management (NYSE: WM) SVP settles stock award, sells shares

Q: What insider transactions did WM executive Donald J. Smith report?

Donald J. Smith reported acquiring 12,208 WM common shares from a performance share settlement and disposing of 4,166 shares on January 29, 2026 , plus selling 690 shares on January 30, 2026 . These transactions adjusted his direct and 401(k) plan holdings.

Q: Why did Donald J. Smith sell Waste Management (WM) shares in this Form 4?

The filing states that additional WM shares were sold to cover personal federal income tax obligations under a Rule 10b5-1 Trading Plan . This indicates the sales were prearranged and tax-related rather than discretionary portfolio sales.

Q: How many Waste Management (WM) shares did Donald J. Smith acquire from awards?

On January 29, 2026 , Smith acquired 12,208 WM common shares through settlement of a performance share award granted under Waste Management, Inc.’s 2014 Stock Incentive Plan, reflecting equity compensation rather than an open-market purchase.

Q: What were Donald J. Smith’s Waste Management (WM) holdings after these transactions?

Following the reported transactions, Smith held 13,376 WM common shares directly. He also held 4,716.2086 additional shares indirectly through a 401(k) plan , giving him both direct and retirement-plan exposure to Waste Management stock.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Waste Management, Inc. senior vice president of operations Donald J. Smith reported multiple stock transactions. On January 29, 2026, he acquired 12,208 shares of common stock at $226.41 per share from the settlement of a performance share award under the company’s 2014 Stock Incentive Plan, and 4,166 shares were disposed of at the same price to cover related federal income taxes. On January 30, 2026, he sold 690 shares of common stock at $219.585 per share pursuant to a Rule 10b5-1 trading plan to cover additional personal federal income tax obligations. After these transactions, he directly held 13,376 shares of common stock and indirectly held 4,716.2086 shares through a 401(k) plan.

Insider Trade Summary

Net Seller: 690 shares ($151,514)

Net Sell 4 txns

Insider Smith Donald J

Role Sr. VP - Operations

Sold 690 shs ($152K)

Type	Security	Shares	Price	Value
Sale	Common Stock	690	$219.585	$152K
Grant/Award	Common Stock	12,208	$226.41	$2.76M
Tax Withholding	Common Stock	4,166	$226.41	$943K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,376 shares (Direct); Common Stock — 4,716.209 shares (Indirect, By 401(k) Plan)

Footnotes (1)

Settlement of performance share award granted under Waste Management, Inc. 2014 Stock Incentive Plan Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.

Form 4 Insider Transactions: What Each Field Means →

02/02/2026 - 12:09 PM

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

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)
01/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	01/29/2026		A		12,208	A	$226.41	18,232	D
Common Stock	01/29/2026		F		4,166	D	$226.41	14,066	D
Common Stock⁽²⁾	01/30/2026		S		690	D	$219.585	13,376	D
Common Stock								4,716.2086	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Settlement of performance share award granted under Waste Management, Inc. 2014 Stock Incentive Plan

2. Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.

	Courtney Tippy, Attorney-in-fact	02/02/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WM executive Donald J. Smith report?

Donald J. Smith reported acquiring 12,208 WM common shares from a performance share settlement and disposing of 4,166 shares on January 29, 2026, plus selling 690 shares on January 30, 2026. These transactions adjusted his direct and 401(k) plan holdings.

Why did Donald J. Smith sell Waste Management (WM) shares in this Form 4?

The filing states that additional WM shares were sold to cover personal federal income tax obligations under a Rule 10b5-1 Trading Plan. This indicates the sales were prearranged and tax-related rather than discretionary portfolio sales.

How many Waste Management (WM) shares did Donald J. Smith acquire from awards?

On January 29, 2026, Smith acquired 12,208 WM common shares through settlement of a performance share award granted under Waste Management, Inc.’s 2014 Stock Incentive Plan, reflecting equity compensation rather than an open-market purchase.

What were Donald J. Smith’s Waste Management (WM) holdings after these transactions?

Following the reported transactions, Smith held 13,376 WM common shares directly. He also held 4,716.2086 additional shares indirectly through a 401(k) plan, giving him both direct and retirement-plan exposure to Waste Management stock.

At what prices were the Waste Management (WM) insider transactions executed?

The performance share settlement and related tax disposition on January 29, 2026 used a price of $226.41 per WM share. The 690-share sale on January 30, 2026 was executed at $219.585 per share under a Rule 10b5-1 plan.

What do the transaction codes A, F, and S mean in this WM Form 4?

In this WM filing, code A reflects shares acquired from a performance award settlement, F indicates shares disposed of to satisfy tax obligations, and S denotes an open-market sale, here used for a Rule 10b5-1 tax-related transaction.