---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-019125"
form_type: "8-K"
ticker: "WM"
cik: "0000823768"
company_name: "WASTE MANAGEMENT INC"
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-26T00:45:11.182675+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Waste Management grants 2025 LTI awards to NEOs; CEO Fish receives 43,636 PSUs, 50,580 options

## Summary
- CEO Fish: 43,636 PSUs (50% cash flow gen, 50% relative TSR) and 50,580 stock options at $231.195.
- Other NEOs: Morris 11,272 PSUs/13,066 options; Rankin 9,818/11,380; Hemmer 7,636/8,851; Carrasco 7,636/8,851.
- PSU performance period Jan 1, 2025–Dec 31, 2027; cash flow generation target $9.89B, threshold $9.14B, max $10.64B.
- 2025 annual cash incentive based on operating EBITDA, income margin, internal revenue growth; payout 0-200% of target.
- Options vest 34%/33%/33% over 3 years; all grants awarded Feb 25, 2025.

## SEC filing metadata
- accession: 0001104659-25-019125
- form_type: 8-K
- ticker: WM
- cik: 0000823768
- company_name: WASTE MANAGEMENT INC
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/823768/000110465925019125/0001104659-25-019125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/823768/000110465925019125/tm257911d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-019125
- JSON: https://secwatch.observer/filing/0001104659-25-019125.json
- Plain text: https://secwatch.observer/filing/0001104659-25-019125.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.