Waste Management Inc. Announces Annual Incentive Awards to Executives

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announced that its Management Development and Compensation Committee granted performance share units (PSUs) and stock options to its named executive officers, including the President and Chief Executive Officer, under the Company's 2023 Stock Incentive Plan. The PSUs, which will be based on cash flow generation and total shareholder return relative to the S&P 500, range from 0 to 200% of the targeted amount. Stock options were also granted with a vesting schedule of 34% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary. The exercise price of the stock options is the fair market value on the date of grant. Additionally, annual cash incentive awards were granted with payouts ranging from zero to 200% of the targeted amount based on the achievement of specified performance measures.

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About Waste Management Inc.

Waste Management Inc., a leading provider in the environmental services sector, specializes in waste collection, disposal, and recycling services across North America. The company's primary function is to offer comprehensive waste and environmental solutions to residential, commercial, industrial, and municipal customers. Notable for its integrated approach, Waste Management Inc. not only focuses on the efficient collection and transport of waste but also emphasizes sustainability through recycling and renewable energy initiatives. By operating an extensive network of recycling facilities, landfills, transfer stations, and a growing fleet of natural gas-powered collection vehicles, the company plays a crucial role in reducing environmental impact and promoting resource conservation. With a strategic focus on leveraging technology and data analytics to optimize operations and environmental performance, Waste Management Inc. holds a significant position within the waste management industry, setting benchmarks for environmental responsibility and efficiency.