Waste Management (WM) SVP receives 2,257 RSUs under 2023 incentive plan

Rhea-AI Filing Summary

Dalby Marcel reported acquisition or exercise transactions in this Form 4 filing.

Waste Management Inc. senior vice president Marcel Dalby received an equity award of 2,257 shares of common stock in the form of restricted stock units under the 2023 Stock Incentive Plan. These units were granted at no cash cost to him.

The restricted stock units vest over three years, with 34% vesting on the first anniversary of the grant date and 33% vesting on each of the second and third anniversaries. After this grant, Dalby directly holds a total of 5,866.7289 shares of Waste Management common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Dalby Marcel

Role SVP Bus Optimiz & Collection

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,257	$0.00	--

Holdings After Transaction: Common Stock — 5,866.729 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 2,257 shares Grant price: $0.00 per share Post-transaction holdings: 5,866.7289 shares +2 more

5 metrics

RSUs granted 2,257 shares Restricted stock units granted to SVP on reported grant date

Grant price $0.00 per share Reported transaction price per share for RSU award

Post-transaction holdings 5,866.7289 shares Total common stock directly held after grant

First-year vesting portion 34% of units RSUs vest 34% on first anniversary of grant

Second- and third-year vesting 33% each year RSUs vest 33% on second and 33% on third anniversaries

Key Terms

restricted stock units, 2023 Stock Incentive Plan, vest, Grant, award, or other acquisition

4 terms

restricted stock units financial

"Represents restricted stock units granted pursuant to the 2023 Stock Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2023 Stock Incentive Plan financial

"Represents restricted stock units granted pursuant to the 2023 Stock Incentive Plan."

vest financial

"Restricted stock units vest 34% on the first anniversary of the date of grant with 33% vesting on the 2nd and 3rd anniversary of the date of grant."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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).

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^*

Dalby Marcel

(Last) (First) (Middle)

800 CAPITOL STREET, SUITE 3000

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

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 Bus Optimiz & Collection

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	05/20/2026		A		2,257	A	$0.0000	5,866.7289	D

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. Represents restricted stock units granted pursuant to the 2023 Stock Incentive Plan. Restricted stock units vest 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	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Waste Management (WM) insider Marcel Dalby report in this Form 4?

Marcel Dalby reported receiving 2,257 restricted stock units of Waste Management common stock. The award was granted under the 2023 Stock Incentive Plan and did not involve an open-market purchase or sale, reflecting equity-based compensation rather than a trading decision.

How many shares did Waste Management (WM) SVP Marcel Dalby acquire and at what price?

Marcel Dalby acquired 2,257 shares in the form of restricted stock units at a reported price of $0.00 per share. This indicates a compensation grant, not a market transaction, as part of Waste Management’s 2023 Stock Incentive Plan for executives.

What is the vesting schedule for Marcel Dalby’s 2,257 restricted stock units at Waste Management (WM)?

The 2,257 restricted stock units vest over three years. According to the footnote, 34% vest on the first anniversary of the grant date, while 33% vest on the second anniversary and 33% vest on the third anniversary, creating a staggered vesting schedule.

How many Waste Management (WM) shares does Marcel Dalby hold after this Form 4 transaction?

After the restricted stock unit grant, Marcel Dalby directly holds 5,866.7289 shares of Waste Management common stock. This total includes the newly granted units, showing his post-transaction equity position as reported in the Form 4 filing.

Is Marcel Dalby’s Form 4 transaction at Waste Management (WM) a buy or a sale of stock?

The Form 4 shows an acquisition via grant, not a buy or sale. The transaction code “A” and description indicate a grant or award of 2,257 restricted stock units as compensation, rather than an open-market purchase or sale of Waste Management shares.