Waste Management (NYSE: WM) COO exercises 5,484 options, sells 4,211 shares

Rhea-AI Filing Summary

Waste Management President & COO John J. Morris reported an option exercise and share sale. He exercised stock options covering 5,484 shares of common stock at $150.1150 per share, converting them into common shares. On the same date, he completed an open-market sale of 4,211 common shares at a weighted average price of $243.3775 per share, with individual trades executed between $243.3700 and $244.7375. After these transactions, he directly holds 99,929 common shares and has an additional 2,439.3761 shares held indirectly through a 401(k) plan, and no stock options remain from this grant.

Insights

Equity compensation and insider trading analyst

Routine option exercise with a modest same-day share sale.

John J. Morris, President & COO of Waste Management, exercised stock options for 5,484 shares at an exercise price of $150.1150 per share, converting derivative rights into common stock. This is a standard compensation-related move rather than an open-market purchase.

On the same day, he executed an open-market sale of 4,211 common shares at a weighted average price of $243.3775, with trades ranging from $243.3700 to $244.7375. Importantly, he still directly holds 99,929 shares plus 2,439.3761 shares via a 401(k) plan.

The filing shows a typical exercise-and-partial-sale pattern, where options are exercised and a portion of the resulting shares is sold, while a substantial equity position is retained. There is no indication in this disclosure of remaining derivative positions tied to this option grant.

Insider Trade Summary

Net Seller: 4,211 shares ($1,024,863)

Net Sell 4 txns

Insider Morris John J

Role President & COO

Sold 4,211 shs ($1.02M)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	5,484	$150.115	$823K
Exercise	Common Stock	5,484	$150.115	$823K
Sale	Common Stock	4,211	$243.3775	$1.02M
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 104,140 shares (Direct); Common Stock — 2,439.376 shares (Indirect, By 401(k) Plan)

Footnotes (1)

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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^*

Morris John 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)
	President & COO

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		M		5,484	A	$150.115	104,140	D
Common Stock(1)	03/09/2026		S		4,211	D	$243.3775	99,929	D
Common Stock								2,439.3761	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
Stock Option (Right to Buy)	$150.115	03/09/2026		M			5,484	03/07/2024	03/07/2033	Common Stock	5,484	$150.115	0.0000	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $243.3700 to $244.7375. 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	03/10/2026
	** 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.

FAQ

What insider transactions did Waste Management (WM) report for John J. Morris?

John J. Morris, President & COO of Waste Management, exercised options for 5,484 common shares at $150.1150 and sold 4,211 common shares in the open market at a weighted average price of $243.3775 per share on the same date.

How many Waste Management (WM) shares did John J. Morris sell and at what price?

He sold 4,211 common shares of Waste Management in an open-market transaction at a weighted average price of $243.3775 per share, with individual trades executed between $243.3700 and $244.7375, according to the Form 4 disclosure.

How many Waste Management (WM) shares does John J. Morris hold after these transactions?

After the reported transactions, John J. Morris directly holds 99,929 common shares of Waste Management and indirectly holds 2,439.3761 shares through a 401(k) plan, reflecting both his long-term equity stake and retirement-plan holdings.

What stock options did John J. Morris exercise in this Waste Management (WM) filing?

He exercised a stock option for 5,484 shares of Waste Management common stock at an exercise price of $150.1150 per share. Following this exercise, the filing shows zero remaining shares under that specific option award.

Was the Waste Management (WM) insider transaction a purchase or a sale overall?

The filing reflects a mixed activity: John J. Morris acquired 5,484 shares through an option exercise and conducted an open-market sale of 4,211 common shares, resulting in a combination of acquisition and disposition on the reported date.