WM CFO logs award shares, small Rule 10b5-1 sale

Waste Management EVP & CFO David L. Reed reported equity transactions in company stock.

Rhea-AI Filing Summary

Waste Management EVP & CFO David L. Reed reported equity transactions in company stock. On January 29, 2026, he acquired 1,717 shares of common stock at $226.41 per share from the settlement of a performance share award under the 2014 Stock Incentive Plan. On the same day, 444 shares were withheld at $226.41 per share to cover tax obligations. On January 30, 2026, he sold 270 shares at an average price of $218.6233 per share to cover personal federal income tax under a Rule 10b5-1 trading plan. Following these transactions, he directly owned 8,842.6057 shares of Waste Management common stock.

Insider Trade Summary

Net Seller: 270 shares

Net Sell 3 txns

Insider Reed David L.

Role EVP & CFO

Sold 270 shs ($59K)

Type	Security	Shares	Price	Value
Sale	Common Stock	270	$218.6233	$59K
Grant/Award	Common Stock	1,717	$226.41	$389K
Exercise Price or Tax Liability	Common Stock	444	$226.41	$101K

Holdings After Transaction: Common Stock — 8,842.6057 shares (Direct)

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did WM EVP & CFO David L. Reed report?

David L. Reed reported acquiring 1,717 Waste Management common shares from a performance award, 444 shares withheld for taxes, and selling 270 shares under a Rule 10b5-1 plan. After these transactions, he directly owned 8,842.6057 common shares.

Why did the WM EVP & CFO sell 270 shares of common stock?

The 270 Waste Management shares were sold to cover personal federal income tax obligations under a Rule 10b5-1 trading plan. This type of plan allows pre-arranged, systematic sales independent of day-to-day market conditions or later personal decisions.

How many Waste Management shares does the EVP & CFO own after these Form 4 transactions?

After the reported transactions, EVP & CFO David L. Reed directly owned 8,842.6057 shares of Waste Management common stock. This figure reflects the performance share settlement, tax withholding, and the small Rule 10b5-1 sale disclosed.

What was the source of the 1,717 Waste Management shares acquired by the EVP & CFO?

The 1,717 shares were received from the settlement of a performance share award granted under the Waste Management, Inc. 2014 Stock Incentive Plan. These awards typically vest based on performance criteria set by the company’s compensation program.

At what prices did the WM EVP & CFO’s reported stock transactions occur?

The performance share settlement and tax withholding transactions were priced at $226.41 per share. The subsequent sale of 270 shares to cover tax obligations under a Rule 10b5-1 plan occurred at an average price of $218.6233 per share.

Are the WM EVP & CFO’s reported transactions classified as direct ownership?

Yes. The Form 4 shows all three transactions—award settlement, tax withholding, and the Rule 10b5-1 sale—as affecting directly held common stock. The reported post-transaction balance of 8,842.6057 shares is listed with direct ownership status.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/02/2026 - 12:07 PM Learn about SEC filing dates

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^*

Reed David L.

(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)
	EVP & CFO

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		1,717	A	$226.41	9,556.6057	D
Common Stock	01/29/2026		F		444	D	$226.41	9,112.6057	D
Common Stock(2)	01/30/2026		S		270	D	$218.6233	8,842.6057	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. 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.