Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously announced, Ms. Devina Rankin voluntarily resigned from her position of Executive Vice President and Chief Financial Officer of Waste Management, Inc. as of November 1, 2025, following her admirable career spanning 23 years of dedicated service, including nearly nine years as Chief Financial Officer. She continued to serve as an executive advisor at her prior base salary through March 13, 2026 to ensure an effective transition of her responsibilities. On March 13, 2026, Ms. Rankin received a cash bonus of $1 million in recognition of the value delivered to stockholders as a result of her leadership in completing the orderly transition of the Chief Financial Officer role to her successor and her important contributions toward the integration of our Healthcare Solutions business, which amount is in addition to her annual cash incentive award payout earned for 2025.

The cash transition success bonus was paid pursuant to a letter agreement filed as an exhibit hereto and incorporated herein by reference.