Waste Management (NYSE: WM) awards 8,405 options to strategy SVP

Rhea-AI Filing Summary

Waste Management, Inc. reported that SVP of Enterprise Strategy Rafael Carrasco acquired a grant of 8,405 stock options on March 3, 2026. These options were issued under the 2023 Stock Incentive Plan and are held as direct ownership.

The stock option vests 34% on the first anniversary of the grant date and 33% on each of the second and third anniversaries, creating a three-year vesting schedule tied to continued service.

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^*

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)
03/03/2026

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

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
Stock Option (Right to Buy)(1)	$241.55	03/03/2026		A		8,405		03/03/2027	03/03/2036	Common Stock	8,405	$0.0000	8,405	D

Explanation of Responses:

1. Stock option granted pursuant to Waste Management, Inc. 2023 Stock Incentive Plan. The stock option vests 34% on the first anniversary of the date of grant with 33% vesting on the 2nd and 3rd anniversary of the date of grant.

	Courtney Tippy, Attorney-in-fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Waste Management (WM) report for Rafael Carrasco?

Waste Management reported that SVP of Enterprise Strategy Rafael Carrasco received a grant of 8,405 stock options. The options were awarded on March 3, 2026 under the company’s 2023 Stock Incentive Plan as part of his equity compensation.

How many Waste Management (WM) stock options were granted to Rafael Carrasco?

Rafael Carrasco was granted 8,405 stock options in this transaction. All 8,405 options are shown as directly owned following the grant, reflecting an equity-based incentive aligned with his role as SVP of Enterprise Strategy at Waste Management.

What is the vesting schedule for Rafael Carrasco’s Waste Management (WM) stock options?

The stock options vest 34% on the first anniversary of the grant date, then 33% on the second anniversary and 33% on the third. This three-year vesting schedule encourages longer-term alignment between Carrasco and Waste Management’s performance.

Under which plan were the Waste Management (WM) stock options granted to Rafael Carrasco?

The options were granted pursuant to the Waste Management, Inc. 2023 Stock Incentive Plan. This plan governs equity awards such as stock options, using vesting schedules to support executive retention and alignment with long-term shareholder interests at Waste Management.

Is Rafael Carrasco’s ownership of the Waste Management (WM) stock options direct or indirect?

The filing classifies Rafael Carrasco’s ownership of the 8,405 stock options as direct. Direct ownership means the options are attributed to him personally rather than through a separate entity such as a trust, partnership, or family investment vehicle.