What plan governed the restricted share award for Waste Management (WM)?

The restricted share award that settled for John J. Morris was granted under the Waste Management, Inc. 2023 Stock Incentive Plan. The filing notes this plan in a footnote explaining the nature of the award and the related tax-withholding disposition.

WM president reports tax-withheld 566-share disposition

Waste Management, Inc. President John J. Morris reported routine equity compensation activity.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Waste Management, Inc. President John J. Morris reported routine equity compensation activity. A restricted share award granted under the Waste Management, Inc. 2023 Stock Incentive Plan settled, and 566 common shares were disposed of to satisfy tax obligations at $220.49 per share, a tax-withholding disposition rather than an open-market sale. Following this, Morris directly holds 99,363 common shares and indirectly holds 2,448.8361 common shares through a 401(k) plan.

Insider Trade Summary

Exercise Price or Tax Liability: 566 shares

Exercise Price or Tax Liability 2 txns

Insider Morris John J

Role President

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	566	$220.49	$125K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 99,363 shares (Direct); Common Stock — 2,448.8361 shares (Indirect, By 401(k) Plan)

Footnotes (1)

F1. Settlement of restricted share award granted under Waste Management, Inc. 2023 Stock Incentive Plan.

Key Figures

Tax-withheld shares: 566 shares Tax-withholding price: $220.49 per share Direct holdings after transaction: 99,363 shares +2 more

5 metrics

Tax-withheld shares 566 shares Common stock disposed of to cover tax obligations

Tax-withholding price $220.49 per share Value assigned to shares used for tax withholding

Direct holdings after transaction 99,363 shares Common stock directly owned by John J. Morris after transaction

Indirect 401(k) holdings 2,448.8361 shares Common stock held through a 401(k) plan

Form 4 dispose transactions 1 transaction Single tax-withholding disposition recorded in summary

Key Terms

restricted share award, 401(k) Plan, tax-withholding disposition, Waste Management, Inc. 2023 Stock Incentive Plan

4 terms

401(k) Plan financial

"Common Stock holding of 2,448.8361 shares is noted as By 401(k) Plan."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

tax-withholding disposition financial

"Transaction action is described as tax-withholding disposition for 566.0000 shares."

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Waste Management, Inc. 2023 Stock Incentive Plan financial

"Footnote explains the award was granted under Waste Management, Inc. 2023 Stock Incentive Plan."

FAQ

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

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

Waste Management reported that President John J. Morris had a restricted share award settle, with 566 common shares withheld to cover tax obligations. This was recorded as a tax-withholding disposition, not an open-market purchase or sale of shares.

How many Waste Management (WM) shares were used for tax withholding?

A total of 566 Waste Management common shares were disposed of to satisfy tax obligations. The shares were valued at $220.49 per share in this transaction, reflecting routine tax withholding tied to the settlement of a restricted share award.

How many Waste Management (WM) shares does John J. Morris own after this Form 4?

After the reported transactions, John J. Morris directly owns 99,363 Waste Management common shares. He also indirectly holds 2,448.8361 additional common shares through a 401(k) plan, according to the ownership details disclosed in the filing.

Was the Waste Management (WM) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The 566 Waste Management shares were disposed of as a tax-withholding transaction, used to pay exercise price or tax liabilities related to a restricted share award settlement.

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

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Accepted by SEC EDGAR 05/21/2026 - 03:22 PM EDT

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^*

Morris John J

(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)
	President

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	05/20/2026		F		566	D	$220.49	99,363	D
Common Stock								2,448.8361	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Settlement of restricted share award granted under Waste Management, Inc. 2023 Stock Incentive Plan.

	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)

Source: View Original Filing on SEC EDGAR