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Executive at Waste Management (NYSE: WM) sells 4,059 shares after award

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

Rhea-AI Filing Summary

Waste Management senior vice president Michael J. Watson reported equity award activity and a small share sale. On January 29, 2026, he acquired 8,668 shares of common stock at $226.41 per share from settlement of a performance share award. That same day, 3,372 shares were sold to cover personal federal income tax obligations under a Rule 10b5-1 trading plan. On January 30, 2026, he sold an additional 687 shares at $219.79 per share. After these transactions, he directly held 48,755.2959 shares and indirectly held 2,612.5834 shares through a 401(k) plan.

Positive

  • None.

Negative

  • None.
Insider Watson Michael J.
Role Sr. VP-Chief Customer Officer
Sold 687 shs ($151K)
Type Security Shares Price Value
Sale Common Stock 687 $219.79 $151K
Grant/Award Common Stock 8,668 $226.41 $1.96M
Tax Withholding Common Stock 3,372 $226.41 $763K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 48,755.296 shares (Direct); Common Stock — 2,612.583 shares (Indirect, By 401(k) Plan)
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.
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*
Watson Michael J.
(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)
Sr. VP-Chief Customer 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 8,668 A $226.41 52,814.2959 D
Common Stock 01/29/2026 F 3,372 D $226.41 49,442.2959 D
Common Stock(2) 01/30/2026 S 687 D $219.79 48,755.2959 D
Common Stock 2,612.5834 I By 401(k) Plan
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.
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 Michael J. Watson report?

Michael J. Watson reported an equity award settlement and related share sales. He received 8,668 Waste Management (WM) shares from a performance award, had 3,372 shares sold for taxes under a Rule 10b5-1 plan, and later sold 687 shares in a separate transaction.

How many Waste Management (WM) shares did the executive sell in this Form 4?

Watson reported sales totaling 4,059 Waste Management shares. This included 3,372 shares sold on January 29, 2026 to cover federal taxes and 687 shares sold on January 30, 2026, both at prices above $219 per share.

How many WM shares does Michael J. Watson own after these transactions?

After the reported transactions, Watson held both direct and indirect WM shares. He directly owned 48,755.2959 Waste Management common shares and indirectly held 2,612.5834 additional shares through a 401(k) plan associated with his employment.

What is the source of the 8,668 Waste Management (WM) shares reported as acquired?

The 8,668 WM shares came from a performance share award settlement. The Form 4 notes they were issued under the Waste Management, Inc. 2014 Stock Incentive Plan, reflecting equity compensation rather than an open-market purchase by the executive.

Why were 3,372 Waste Management (WM) shares sold on January 29, 2026?

The 3,372 WM shares were sold to cover personal federal income tax. The filing explains this sale was executed pursuant to a pre-established Rule 10b5-1 trading plan, which automates sales to satisfy tax obligations on equity awards.

What role does Michael J. Watson hold at Waste Management (WM)?

Watson serves as a senior officer at Waste Management. The Form 4 identifies him as "Sr. VP-Chief Customer Officer," indicating an executive leadership role with responsibilities related to customer strategy and relationships at the company.