Waste Management (WM) director gets 861-share stock award via revocable trust

Rhea-AI Filing Summary

WASTE MANAGEMENT INC director Thomas Bene reported an indirect acquisition of 861 shares of common stock valued at $220.71 per share. The shares were granted as a stock award to the Thomas L Bene and Susannah Harkins Bene Revocable Trust under the company’s 2023 Stock Incentive Plan.

Following this grant, the trust holds 2,987 shares of Waste Management common stock indirectly attributed to Bene.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bene Thomas

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	861	$220.71	$190K

Holdings After Transaction: Common Stock — 2,987 shares (Indirect, Thomas L Bene and Susannah Harkins Bene Revocable Trust)

Footnotes (1)

1. [object Object]

Key Figures

Stock award shares: 861 shares Award price per share: $220.71 per share Post-transaction holdings: 2,987 shares +2 more

5 metrics

Stock award shares 861 shares Common Stock grant on 2026-05-15

Award price per share $220.71 per share Valuation of Common Stock award

Post-transaction holdings 2,987 shares Indirectly held by Bene revocable trust after award

Transaction code A (Grant, award, or other acquisition) Non-derivative Common Stock

Ownership type Indirect Held by Thomas L Bene and Susannah Harkins Bene Revocable Trust

Key Terms

Stock Incentive Plan, Grant, award, or other acquisition, indirect ownership

3 terms

Stock Incentive Plan financial

"Stock award granted pursuant to Waste Management, Inc. 2023 Stock Incentive Plan."

A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: Thomas L Bene and Susannah Harkins Bene Revocable Trust"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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).

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^*

Bene Thomas

(Last) (First) (Middle)

800 CAPITOL STREET, SUITE 3000

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WASTE MANAGEMENT INC [ WM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	05/15/2026		A		861	A	$220.71	2,987	I	Thomas L Bene and Susannah Harkins Bene Revocable Trust

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. Stock award granted pursuant to Waste Management, Inc. 2023 Stock Incentive Plan.

	Courtney Tippy, Attorney-in-fact	05/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Waste Management (WM) director Thomas Bene report in this Form 4?

Thomas Bene reported an indirect acquisition of 861 shares of Waste Management common stock. The shares were received as a stock award granted to a revocable trust associated with him, increasing that trust’s holdings to 2,987 shares after the transaction.

Was the Waste Management (WM) transaction a market purchase or a stock award?

The transaction was a stock award, not an open-market purchase. The 861 shares were granted pursuant to Waste Management’s 2023 Stock Incentive Plan, reflecting equity-based compensation rather than a discretionary buy in the public market.

How many Waste Management (WM) shares does the Bene revocable trust hold after the award?

After the reported award, the Thomas L Bene and Susannah Harkins Bene Revocable Trust holds 2,987 shares of Waste Management common stock. These shares are reported as indirectly owned by director Thomas Bene through the revocable trust structure.

How is ownership of the new Waste Management (WM) shares classified for Thomas Bene?

Ownership of the 861 newly awarded shares is classified as indirect. The shares are held by the Thomas L Bene and Susannah Harkins Bene Revocable Trust, with Bene reporting them as indirectly owned through that revocable trust entity.

Under which plan was the Waste Management (WM) stock award to the Bene trust granted?

The 861-share stock award to the Bene revocable trust was granted under the Waste Management, Inc. 2023 Stock Incentive Plan. This plan provides equity-based compensation such as stock awards to eligible participants, including company directors.