WM: Leadership change

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Retirement of Mr. Carrasco On May 8, 2026, Mr. Rafael E. Carrasco, Senior Vice President, Enterprise Strategy and President, WM Healthcare Solutions of Waste Management, Inc. (the “Company”), provided notice of his decision to retire as of July 17, 2026. The Company is grateful to Mr. Carrasco for his 10 years of dedicated service to the Company in a range of operational leadership roles, including his recent leadership over the Stericycle, Inc. acquisition and the successful integration and development of the Company’s healthcare solutions business. Promotion of Ms. Hemmer On May 13, 2026, the Company announced that its Board of Directors (the “Board”) has promoted Ms. Tara J. Hemmer to the position of Executive Vice President and Chief Operating Officer, reporting to President John J. Morris, Jr. Mr. Morris voluntarily resigned from the position of Chief Operating Officer. Ms. Hemmer, age 53, has served as the Company’s Senior Vice President and Chief Sustainability Officer since 2021. Ms. Hemmer does not have any interest in transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with Ms. Hemmer’s promotion, her annual base salary has been increased to $850,000, and her target annual cash incentive will be 105% of her base salary in effect at year end. Additionally, the Management Development and Compensation Committee of the Board approved an award of restricted stock units (“RSUs”) under the Company’s 2023 Stock Incentive Plan with a grant date of May 20, 2026 and a value of $575,000. The number of RSUs granted will be calculated by dividing such value by the average of th