WM · Waste Management, Inc.

Summary

Waste Management, Inc. granted 2026 long-term incentive awards on March 3, 2026, to its named executive officers, including PSUs, stock options under the 2023 Stock Incentive Plan, and annual cash incentives. Awards feature performance-based vesting tied to cash flow generation, relative TSR, operating EBITDA, margin, and revenue growth, with detailed termination and change in control provisions.

Key takeaways

• James C. Fish, Jr. (CEO) granted 49,350 PSUs and 57,034 stock options at $241.55 exercise price
• John J. Morris, Jr. (President and COO) granted 16,450 PSUs and 19,011 stock options
• David L. Reed (EVP and CFO) granted 9,350 PSUs and 10,806 stock options
• Tara J. Hemmer (SVP and Chief Sustainability Officer) granted 7,272 PSUs and 8,405 stock options
• Rafael E. Carrasco (SVP Enterprise Strategy and President WM Healthcare Solutions) granted 7,272 PSUs and 8,405 stock options
• PSUs performance period January 1, 2026 to December 31, 2028; 50% cash flow generation (threshold $11.36B, target $12.36B, max $13.36B), 50% TSR vs S&P 500 (25th/50th/75th percentile for 50%/100%/200%)