Waste Management (WM) SVP exercises options, sells 2,655 shares in open-market trade

Rhea-AI Filing Summary

Waste Management Inc. senior vice president of enterprise strategy Rafael Carrasco exercised stock options and sold shares of common stock. He exercised options for 2,655 shares at $126.005 per share, then sold 2,655 shares in an open-market sale at $220.465 per share. After these transactions, he directly holds 15,539.742 shares of Waste Management common stock, with no remaining options from this exercised grant.

Insider Trade Summary

Net Seller: 2,655 shares ($585,335)

Net Sell 3 txns

Insider Carrasco Rafael

Role SVP of Enterprise Strategy

Sold 2,655 shs ($585K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	2,655	$126.005	$335K
Exercise	Common Stock	2,655	$126.005	$335K
Sale	Common Stock	2,655	$220.465	$585K

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Common Stock — 18,194.742 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 2,655 shares Sale price: $220.465 per share Options exercised: 2,655 shares +3 more

6 metrics

Shares sold 2,655 shares Open-market sale of common stock on June 5, 2026

Sale price $220.465 per share Average price for 2,655 common shares sold

Options exercised 2,655 shares Stock options converted into common stock

Exercise price $126.005 per share Exercise price of stock options

Shares owned after 15,539.742 shares Direct holdings after transactions

Option expiration February 19, 2030 Original expiration date of exercised options

Key Terms

open-market sale, Stock Option (Right to Buy), derivative exercise/conversion, Common Stock

4 terms

open-market sale financial

"2,655.0000 shares at $220.4650 described as an open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Option (Right to Buy) financial

"Security title identified as Stock Option (Right to Buy)"

derivative exercise/conversion financial

"transaction_action labeled as derivative exercise/conversion"

Common Stock financial

"security_title listed as Common Stock for the transactions"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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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).

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 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 of Enterprise Strategy

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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	06/05/2026		M		2,655	A	$126.005	18,194.742	D
Common Stock	06/05/2026		S		2,655	D	$220.465	15,539.742	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
Stock Option (Right to Buy)	$126.005	06/05/2026		M			2,655	02/19/2021	02/19/2030	Common Stock	2,655	$126.005	0.0000	D

Explanation of Responses:

	Courtney Tippy, Attorney-in-fact	06/08/2026
	** 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) executive Rafael Carrasco report in this Form 4?

Rafael Carrasco reported exercising stock options for 2,655 Waste Management shares and then selling 2,655 shares in an open-market transaction. These moves convert an option award into cash while leaving him with 15,539.742 shares held directly after the transactions.

How many Waste Management (WM) shares did Rafael Carrasco sell and at what price?

He sold 2,655 shares of Waste Management common stock at an average price of $220.465 per share. This sale followed an option exercise for the same number of shares, turning part of his equity-based compensation into realized cash proceeds.

What stock options did Rafael Carrasco exercise in Waste Management (WM)?

Carrasco exercised stock options covering 2,655 shares of Waste Management common stock with an exercise price of $126.005 per share. The options were originally granted with an exercise period running until February 19, 2030, but he chose to exercise them on June 5, 2026.

How many Waste Management (WM) shares does Rafael Carrasco own after these transactions?

After the option exercise and matching share sale, Carrasco directly owns 15,539.742 shares of Waste Management common stock. This figure reflects his remaining equity stake as reported in the Form 4 following the June 5, 2026 transactions.

Was this Waste Management (WM) Form 4 an open-market sale or just an option grant?

The Form 4 shows both an option exercise and an open-market sale. Carrasco exercised options for 2,655 shares at $126.005 and then sold 2,655 common shares at $220.465, combining compensation realization with a reduction in his shareholdings.