Director Victoria Holt (WM) receives 861-share stock grant via trust

Rhea-AI Filing Summary

HOLT VICTORIA M reported acquisition or exercise transactions in this Form 4 filing.

Waste Management director Victoria M. Holt reported an indirect stock award through the Victoria M. Holt Trust. The trust received 861 shares of Waste Management common stock at a reference value of $220.71 per share under the company’s 2023 Stock Incentive Plan.

Following this grant, the trust’s indirect holdings reported for Holt total 23,881 common shares. This appears to be a routine equity-based compensation award for board service rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HOLT VICTORIA M

Role null

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

Holdings After Transaction: Common Stock — 23,881 shares (Indirect, Victoria M. Holt Trust)

Footnotes (1)

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Key Figures

Stock award size: 861 shares Grant reference price: $220.71 per share Indirect holdings after grant: 23,881 shares

3 metrics

Stock award size 861 shares Common stock grant to Victoria M. Holt Trust

Grant reference price $220.71 per share Value used for the 861-share stock award

Indirect holdings after grant 23,881 shares Victoria M. Holt Trust’s reported Waste Management holdings

Key Terms

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

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.

indirect ownership financial

"Ownership type reported as indirect through the Victoria M. Holt Trust."

grant, award, or other acquisition financial

"Transaction code A described as Grant, award, or other acquisition."

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^*

HOLT VICTORIA M

(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	23,881	I	Victoria M. Holt 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 insider transaction did Waste Management (WM) disclose for Victoria M. Holt?

Waste Management disclosed that director Victoria M. Holt reported an indirect stock award of 861 common shares to the Victoria M. Holt Trust. The award was granted as equity compensation under the company’s 2023 Stock Incentive Plan, rather than being an open-market purchase.

How many Waste Management (WM) shares did the Victoria M. Holt Trust receive?

The Victoria M. Holt Trust received 861 shares of Waste Management common stock. This grant was reported as a Form 4 transaction coded “A” for a grant, award, or other acquisition, reflecting stock-based compensation instead of a market transaction in the company’s shares.

What is Victoria M. Holt’s reported indirect Waste Management (WM) ownership after the grant?

After the reported stock award, the Victoria M. Holt Trust holds 23,881 Waste Management common shares indirectly for Victoria M. Holt. This figure reflects her indirect ownership position reported in the Form 4 and includes the newly granted 861-share award from the company.

At what price was the Waste Management (WM) stock award to Victoria M. Holt recorded?

The 861-share award to the Victoria M. Holt Trust was recorded at $220.71 per Waste Management common share. This price represents the reference value used for the equity grant under the 2023 Stock Incentive Plan, not necessarily a cash transaction or market trade.

Was Victoria M. Holt’s Waste Management (WM) transaction a market buy or sell?

The transaction was not a market buy or sell. It was coded “A” as a grant, award, or other acquisition, indicating that the 861 Waste Management shares were issued as stock compensation to the Victoria M. Holt Trust under the company’s 2023 Stock Incentive Plan.