Waste Management (NYSE: WM) CEO reports major share award settlement

Rhea-AI Filing Summary

Waste Management, Inc. Chief Executive Officer James C. Fish Jr. reported equity activity in company common stock on January 29, 2026. He acquired 59,516 shares of common stock at $226.41 per share in a transaction coded “A,” reflecting settlement of a performance share award under the Waste Management, Inc. 2014 Stock Incentive Plan.

A second transaction that day, coded “F,” covered 22,763 shares at $226.41 per share, after which he directly owned 256,840 common shares. He also reported indirect holdings through a 401(k) plan and several family trusts.

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

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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^*

Fish James C Jr

(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)
	Chief Executive 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		59,516	A	$226.41	279,603	D
Common Stock	01/29/2026		F		22,763	D	$226.41	256,840	D
Common Stock								4,337.6147	I	By 401(k) Plan
Common Stock								1,046	I	Fish 2018 Annual Exclusion Trust 1
Common Stock								1,046	I	Fish 2018 Annual Exclusion Trust 2
Common Stock								46,943	I	The Nicole M Fish GST Trust
Common Stock								46,942	I	The Stephanie M Fish GST 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. Settlement of performance share award granted under Waste Management, Inc. 2014 Stock Incentive 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.
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FAQ

What insider transaction did WM CEO James C. Fish Jr. report on January 29, 2026?

James C. Fish Jr., Waste Management’s CEO, reported equity activity in company common stock dated January 29, 2026. The Form 4 details an acquisition tied to a performance share award and an additional transaction, both in Waste Management common stock at the same stated share price.

How many Waste Management (WM) shares did the CEO acquire and at what price?

The CEO acquired 59,516 shares of Waste Management common stock in a transaction coded “A” at a price of $226.41 per share. This acquisition is described as the settlement of a performance share award under the Waste Management, Inc. 2014 Stock Incentive Plan.

What does the Form 4 say about the performance share award for WM’s CEO?

The filing explains that the acquisition of shares reflects settlement of a performance share award granted under the Waste Management, Inc. 2014 Stock Incentive Plan. This means the CEO’s equity award vested and was settled in company common stock according to the plan’s terms.

What other transaction besides the award settlement appears in the WM CEO’s Form 4?

In addition to the award settlement, the Form 4 reports a separate transaction coded “F” for 22,763 shares at $226.41 per share. Together, these transactions update the CEO’s direct ownership position in Waste Management common stock as of January 29, 2026.

How many Waste Management shares does the CEO own directly after these transactions?

Following the reported transactions, the CEO directly owns 256,840 shares of Waste Management common stock. This figure appears in the Form 4 as the amount of securities beneficially owned directly after giving effect to the acquisition and subsequent transaction on January 29, 2026.

What indirect holdings in Waste Management stock are reported for the CEO on the Form 4?

The Form 4 lists indirect beneficial ownership through a 401(k) plan and several trusts. These include holdings attributed to a 401(k) account and to multiple Fish family trusts, each reported with its own nature of ownership description and share balance following the reported date.