WM: Leadership change · Company disclosure

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 24, 2026, James C. Fish, Jr. notified the Board of Directors (the “Board”) of Waste Management, Inc. (the “Company”) of his intention to retire from his position as Chief Executive Officer (“CEO”) and resign from the Board, effective January 4, 2027 (the “Transition Date”), following more than a decade of distinguished service in those roles and more than 25 years with the Company . The Company anticipates that Mr. Fish will continue to serve in an advisory role until mid-February 2027. In continuation of the Company’s succession planning process, on August 24, 2026, the Board appointed the Company’s President, John J. Morris, Jr., to succeed Mr. Fish as President and CEO and elected him to serve as a member of the Board, effective as of the Transition Date. Mr. Morris’s term as a director will expire at the Company’s 2027 annual meeting of stockholders. Mr. Morris, age 57, has served as the Company’s President since May 2025. He previously served as President and Chief Operating Officer from May 2025 to May 2026, and he served as Executive Vice President and Chief Operating Officer from January 2019 to May 2025. Information about Mr. Morris’s interest in transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K is set forth under the heading “Related Party Transactions” in the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 31, 2026, and is incorporated herein by reference. Mr. Morris was not appointed as CEO or elected as a member of the Board pursuant to any arrangement or understanding between him and any other person