Waste Management (NYSE: WM) legal chief settles shares and sells 689 under plan

Rhea-AI Filing Summary

Waste Management EVP and Chief Legal Officer Charles C. Boettcher reported several stock transactions. On January 29, 2026, he acquired 10,378 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.

Also on January 29, a transaction coded "F" shows the disposition of 4,107 shares at $226.41 per share, with 56,848.4029 shares owned directly afterward. On January 30, 2026, he sold 689 shares at $219.32 per share, leaving 56,159.4029 shares of common stock held directly. The filing describes this as a sale of additional shares to cover personal federal income tax obligations pursuant to a Rule 10b5-1 trading plan.

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

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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^*

Boettcher Charles C

(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)
	EVP, Chief Legal Officer

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	01/29/2026		A		10,378	A	$226.41	60,955.4029	D
Common Stock	01/29/2026		F		4,107	D	$226.41	56,848.4029	D
Common Stock(2)	01/30/2026		S		689	D	$219.32	56,159.4029	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. 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.
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FAQ

What insider transactions did WM EVP Charles Boettcher report on this Form 4?

Charles C. Boettcher reported acquiring 10,378 Waste Management common shares from a performance share settlement and disposing of 4,107 shares in a tax-related transaction. He also sold 689 shares the next day, leaving 56,159.4029 shares held directly afterward.

How many Waste Management (WM) shares does Charles Boettcher hold after these transactions?

After the reported transactions, Charles C. Boettcher directly holds 56,159.4029 shares of Waste Management common stock. This figure reflects the acquisition of performance-based shares, a tax-related disposition, and a separate sale of 689 shares on January 30, 2026.

What was the nature of the 10,378 WM shares acquired by Charles Boettcher?

The 10,378 Waste Management shares acquired by Charles C. Boettcher represent the settlement of a performance share award. This award was granted under the Waste Management, Inc. 2014 Stock Incentive Plan and was settled at a price of $226.41 per share on January 29, 2026.

At what prices did Charles Boettcher’s WM stock transactions occur?

Boettcher’s performance award settlement and related tax transaction were reported at $226.41 per share. The subsequent sale of 689 Waste Management shares on January 30, 2026, occurred at $219.32 per share, as disclosed in the Form 4 non-derivative transaction table.

What is the purpose of the 689-share sale disclosed for Waste Management (WM)?

The Form 4 states that additional shares were sold to cover Charles C. Boettcher’s personal federal income tax obligation under a Rule 10b5-1 trading plan. The table shows a sale of 689 shares of Waste Management common stock at $219.32 per share.

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

In this Form 4, code A indicates an acquisition of 10,378 shares from a performance award settlement. Code F reflects a disposition of 4,107 shares related to tax obligations. Code S represents a sale of 689 Waste Management common shares on January 30, 2026.