Waste Management CFO reports 345-share disposal

The reported positions include 2,904 directly held shares and 5,357.168 shares held indirectly through the Cr77 Revocable Trust.

Available on EDGAR 11/04/2026 - 03:14 PM EST Accepted by SEC EDGAR 11/04/2026 - 03:13 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Waste Management Inc. EVP & CFO David L. Reed reported 345 common shares delivered or withheld for payment of exercise price or tax liability on November 3, 2026, at $235.50 per share. The footnote identifies the transaction as settlement of a restricted share award under the Waste Management, Inc. 2023 Stock Incentive Plan. Reed reported 2,904 directly held shares and 5,357.168 shares held indirectly through the Cr77 Revocable Trust.

Insider Trade Summary

Exercise Price or Tax Liability: 345 shares

Exercise Price or Tax Liability 1 txn

Insider Reed David L.

Role EVP & CFO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock F1	345	$235.50	$81K
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,904 shares (Direct); Common Stock — 5,357.168 shares (Indirect, Cr77 Revocable Trust)

Footnotes (1)

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

Key Figures

Shares delivered or withheld: 345 shares Price per share: $235.50 per share Direct common shares held: 2,904 shares +1 more

4 metrics

Shares delivered or withheld 345 shares Settlement of a restricted share award on November 3, 2026

Price per share $235.50 per share Transaction reported for November 3, 2026

Direct common shares held 2,904 shares Reported after the transaction

Indirect common shares held 5,357.168 shares Held through the Cr77 Revocable Trust

Key Terms

restricted share award, Stock Incentive Plan, Revocable Trust

3 terms

restricted share award technical

"Settlement of restricted share award granted under"

A restricted share award is a grant of company stock given to an employee or executive that only becomes permanent ownership if certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of it as a gift locked in a box that opens when the rules are satisfied; for investors, these awards can dilute existing shares and signal management’s incentives and confidence in future performance.

Stock Incentive Plan technical

"Waste Management, Inc. 2023 Stock Incentive Plan"

A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.

Revocable Trust financial

"Cr77 Revocable Trust"

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

FAQ

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

How many WM shares did David L. Reed report delivering or withholding?

David L. Reed reported 345 common shares delivered or withheld on November 3, 2026, at $235.50 per share. The footnote describes the transaction as settlement of a restricted share award under the 2023 Stock Incentive Plan.

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

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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^*

Reed David L.

(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)
	EVP & CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

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)	11/03/2026		F		345	D	$235.5	2,904	D
Common Stock								5,357.168	I	Cr77 Revocable Trust

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

	Courtney Tippy, Attorney-in-fact	11/04/2026
	** 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)