Waste Management (NYSE: WM) COO logs stock award settlement and share sales

Rhea-AI Filing Summary

Waste Management President & COO John J. Morris reported stock award settlements and related share sales. On January 29, 2026, he acquired 16,481 shares of common stock at $226.41 per share from the settlement of a performance share award under the company’s 2014 Stock Incentive Plan.

Also on January 29, he disposed of 5,839 shares at $226.41 per share to cover personal federal income taxes under a Rule 10b5-1 trading plan, and on January 30, 2026, he sold 690 shares at $219.485 per share. After these transactions, he directly held 106,635 common shares and indirectly held 2,439.3761 shares through a 401(k) plan.

Insider Trade Summary

Net Buyer: 9,952 shares

Net Buy 4 txns

Insider Morris John J

Role President & COO

Sold 690 shs ($151K)

Type	Security	Shares	Price	Value
Sale	Common Stock	690	$219.485	$151K
Grant/Award	Common Stock	16,481	$226.41	$3.73M
Exercise Price or Tax Liability	Common Stock	5,839	$226.41	$1.32M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 106,635 shares (Direct); Common Stock — 2,439.3761 shares (Indirect, By 401(k) Plan)

Footnotes (2)

1. F1. Settlement of performance share award granted under Waste Management, Inc. 2014 Stock Incentive Plan
2. F2. Sale of additional shares to cover personal federal income tax obligation pursuant to a Rule 10b5-1 Trading Plan.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/02/2026 - 12:08 PM Learn about SEC filing dates

FAQ

What insider transactions did WM President & COO John J. Morris report?

John J. Morris reported settling a performance share award for 16,481 WM common shares, selling 5,839 shares to cover federal taxes under a Rule 10b5-1 plan, and selling an additional 690 shares on a separate trade date.

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

After the reported transactions, John J. Morris directly held 106,635 WM common shares. He also indirectly held 2,439.3761 shares through a 401(k) plan, reflecting both his direct and retirement-plan-related ownership positions.

What was the purpose of John J. Morris’s January 29, 2026 WM share sale?

The January 29, 2026 sale of 5,839 WM shares was made to cover personal federal income tax obligations. This sale was executed under a pre-arranged Rule 10b5-1 trading plan, as disclosed in the filing’s explanatory footnote.

At what prices were John J. Morris’s WM stock transactions executed?

The performance share settlement and related tax sale on January 29, 2026 used a price of $226.41 per share. The separate open-market sale on January 30, 2026 was executed at a price of $219.485 per share, according to the reported data.

What is the source of the 16,481 Waste Management shares acquired by John J. Morris?

The 16,481 WM shares acquired by John J. Morris came from settlement of a performance share award. This award was granted under the Waste Management, Inc. 2014 Stock Incentive Plan, as described in the explanation of responses section.

Does John J. Morris hold any Waste Management shares through a retirement plan?

Yes. In addition to directly owned shares, John J. Morris indirectly held 2,439.3761 WM common shares through a 401(k) plan. This indirect holding is reported separately in the filing as ownership through the company’s 401(k) arrangement.

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)
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		16,481	A	$226.41	113,164	D
Common Stock	01/29/2026		F		5,839	D	$226.41	107,325	D
Common Stock(2)	01/30/2026		S		690	D	$219.485	106,635	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

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.