Waste Management (WM) awards 6,804-share stock option to Sr. VP-Chief Customer Officer

Rhea-AI Filing Summary

Watson Michael J. reported acquisition or exercise transactions in this Form 4 filing.

Waste Management, Inc. granted Senior Vice President and Chief Customer Officer Michael J. Watson a stock option covering 6,804 shares of common stock under the company’s 2023 Stock Incentive Plan. The option vests 34% on the first anniversary of grant and 33% on each of the second and third anniversaries.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Watson Michael J.

Role Sr. VP-Chief Customer Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	6,804	$0.00	--

Holdings After Transaction: Stock Option (Right to Buy) — 6,804 shares (Direct)

Footnotes (1)

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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^*

Watson Michael 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)
	Sr. VP-Chief Customer Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

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

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)(1)	$241.55	03/03/2026		A		6,804		03/03/2027	03/03/2036	Common Stock	6,804	$0.0000	6,804	D

Explanation of Responses:

1. Stock option granted pursuant to Waste Management, Inc. 2023 Stock Incentive Plan. The stock option vests 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	03/05/2026
	** 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.

FAQ

What did Waste Management (WM) report in this Form 4 for Michael J. Watson?

Waste Management reported a stock option grant to Michael J. Watson covering 6,804 shares. The option was issued under the company’s 2023 Stock Incentive Plan and reflects an acquisition of derivative securities rather than an open-market stock purchase or sale.

How many Waste Management (WM) shares are covered by Michael J. Watson’s new option?

The newly granted stock option to Michael J. Watson covers 6,804 shares of Waste Management common stock. These are derivative securities giving a right to buy shares in the future, subject to the plan terms and the specified multi-year vesting schedule disclosed in the filing footnote.

What is the vesting schedule for Michael J. Watson’s Waste Management stock option?

The stock option vests 34% on the first anniversary of the grant date, then 33% on the second anniversary and 33% on the third anniversary. This creates a three-year vesting period with phased availability of the underlying optioned shares over time.

Under which plan was Michael J. Watson’s Waste Management stock option granted?

The stock option was granted under the Waste Management, Inc. 2023 Stock Incentive Plan. This plan governs equity-based awards such as stock options, and the Form 4 notes that the option’s vesting and other terms are set pursuant to this specific incentive program.

Is Michael J. Watson’s Form 4 transaction a stock purchase or sale of Waste Management shares?

The Form 4 reports an acquisition coded as an option grant, award, or other acquisition, not an open-market stock purchase or sale. It reflects the issuance of a Stock Option (Right to Buy) rather than immediate trading in Waste Management’s common shares.

What role does Michael J. Watson hold at Waste Management (WM) in this Form 4?

Michael J. Watson is identified as an officer of Waste Management with the title Sr. VP-Chief Customer Officer. The Form 4 shows this executive role while disclosing his receipt of a stock option award covering 6,804 shares under the company’s 2023 Stock Incentive Plan.