secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001104659-24-031504
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waste Management grants 2024 long-term incentive awards to top executives
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- CEO Fish receives 40,206 PSUs and 45,349 stock options at $204.76 strike.
- PSUs split 50% cash-flow (threshold $7.05B, target $7.65B, max $8.25B) and 50% relative TSR (25th/50th/75th percentile vs S&P 500).
- COO Morris gets 12,164 PSUs and 13,721 options; CFO Rankin 9,484 PSUs and 10,698 options; CSO Hemmer 8,248 PSUs and 9,302 options.
- Annual cash incentives tied to EBITDA, margin, and revenue growth, with sustainability scorecard (up to ±10%) and discretion (up to ±25%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465924031504/0001104659-24-031504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465924031504/tm247937d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-031504

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer