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  4. [Form 4] WASTE MANAGEMENT INC Insider Trading Activity

Waste Management (NYSE: WM) SVP receives shares, sells portion

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Waste Management SVP of Enterprise Strategy Rafael Carrasco reported routine equity compensation activity and a small share sale. 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.

On the same day, 4,166 shares were disposed of at $226.41 to cover tax withholding. On January 30, 2026, he sold an additional 690 shares at a weighted average price of $219.0054 per share to cover personal federal income tax obligations under a Rule 10b5-1 trading plan. After these transactions, he directly owned 22,891.742 shares of Waste Management common stock.

Positive

  • None.

Negative

  • None.
Insider Carrasco Rafael
Role SVP of Enterprise Strategy
Sold 690 shs ($151K)
Type Security Shares Price Value
Sale Common Stock 690 $219.0054 $151K
Grant/Award Common Stock 12,208 $226.41 $2.76M
Tax Withholding Common Stock 4,166 $226.41 $943K
Holdings After Transaction: Common Stock — 22,891.742 shares (Direct)
Footnotes (1)
  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. This transaction was executed in multiple trades at prices ranging from $218.9300 to $219.0600. 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.
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*
Carrasco Rafael
(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)
SVP of Enterprise Strategy
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 12,208 A $226.41 27,747.742 D
Common Stock 01/29/2026 F 4,166 D $226.41 23,581.742 D
Common Stock(2) 01/30/2026 S 690 D $219.0054(3) 22,891.742 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.
3. This transaction was executed in multiple trades at prices ranging from $218.9300 to $219.0600. 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 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 Rafael Carrasco report?

Rafael Carrasco reported a performance share settlement of 12,208 Waste Management shares at $226.41, tax-related disposal of 4,166 shares at the same price, and a sale of 690 shares at a $219.0054 weighted average price, leaving him with 22,891.742 shares.

Why did WM SVP Rafael Carrasco sell shares in January 2026?

The 690 Waste Management shares sold on January 30, 2026 were to cover personal federal income tax obligations under a Rule 10b5-1 trading plan, following the settlement of a performance share award and associated tax-withholding share disposal.

How many Waste Management (WM) shares does Rafael Carrasco own after these trades?

After the January 29–30, 2026 transactions, Rafael Carrasco directly owned 22,891.742 shares of Waste Management common stock, reflecting the net result of the performance share settlement, tax withholding, and the additional small sale to cover federal income taxes.

What is the nature of the 12,208 WM shares acquired by Rafael Carrasco?

The 12,208 Waste Management shares acquired on January 29, 2026 represent the settlement of a performance share award granted under the Waste Management, Inc. 2014 Stock Incentive Plan, effectively delivering earned equity compensation to Rafael Carrasco as part of his executive pay.

At what prices were Rafael Carrasco’s January 2026 WM share transactions executed?

The performance share settlement and related 4,166-share tax disposal were priced at $226.41 per share. The 690-share sale on January 30, 2026 was executed in multiple trades, with a reported weighted average sale price of $219.0054 per share.

What is a Rule 10b5-1 trading plan in the context of WM insider sales?

A Rule 10b5-1 trading plan is a pre-arranged program allowing insiders to sell shares according to preset instructions. Carrasco’s 690-share sale to cover personal federal income taxes was executed under such a plan, as disclosed in the Form 4 footnotes.