WM CFO granted options for 10,806 shares

Reed David L. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Reed David L. reported acquisition or exercise transactions in this Form 4 filing.

WASTE MANAGEMENT INC reported that EVP & CFO David L. Reed received a grant of stock options for 10,806 shares on March 3, 2026. The options were awarded under the company’s 2023 Stock Incentive Plan and vest 34% after one year, with 33% vesting on each of the second and third anniversaries.

Insider Trade Summary

Grant/Award: 10,806 shares

Grant/Award 1 txn

Insider Reed David L.

Role EVP & CFO

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	10,806	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 10,806 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 WM report for EVP & CFO David L. Reed?

Waste Management reported that EVP & CFO David L. Reed received a stock option grant for 10,806 shares. The options were awarded as part of his compensation under the company’s 2023 Stock Incentive Plan.

When were David L. Reed’s Waste Management stock options granted?

The stock options for 10,806 shares were granted to EVP & CFO David L. Reed on March 3, 2026. This grant is reported as an acquisition of derivative securities on a Form 4 filing.

How many Waste Management shares are covered by Reed’s new stock options?

The reported stock option award to EVP & CFO David L. Reed covers 10,806 shares of Waste Management common stock. Following this grant, the Form 4 shows 10,806 derivative securities held from this option award.

What is the vesting schedule for WM CFO David Reed’s stock options?

The stock options vest 34% on the first anniversary of the grant date. The remaining amount vests in two equal installments of 33% on the second and third anniversaries, as described in the Form 4 footnote.

Under which plan were David L. Reed’s Waste Management options granted?

The Form 4 states the stock option awarded to EVP & CFO David L. Reed was granted under the Waste Management, Inc. 2023 Stock Incentive Plan. This plan governs the terms, including the multi-year vesting schedule of the option grant.

Is David L. Reed’s Waste Management stock option grant a direct holding?

Yes. The Form 4 identifies the ownership of the 10,806 stock options as direct. The filing does not attribute the award to any trust, partnership, or other indirect ownership entity in the provided data.

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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
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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^*

Reed David L.

(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 & CFO

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		10,806		03/03/2027	03/03/2036	Common Stock	10,806	$0.0000	10,806	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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