secwatch.observer — SEC 8-K summary
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Issuer:     WASTE MANAGEMENT INC (WM)
CIK:        0000823768
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001104659-25-019125
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/823768/000110465925019125/0001104659-25-019125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/823768/000110465925019125/tm257911d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-019125

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