01—Abstract
Summary
Summary of the 8-K filed November 20, 2025. Cited figures are marked; the original filing is the authoritative source.
Waste Management, Inc. (WM) has filed an 8-K report to disclose a temporary suspension of trading under its employee benefit plan, specifically the Waste Management Retirement Savings Plan.
This action is a result of the plan changing recordkeepers, which will lead to a 'blackout period' effective January 1, 2026. The blackout period is scheduled to begin on December 24, 2025, and is expected to conclude in the week of January 18, 2026. During this period, participants will be restricted from making various transactions within their plan accounts, including changes to contributions, investment directions, loans, hardship withdrawals, and distributions.
Importantly, directors and executive officers are prohibited from trading WM equity securities during the blackout period if those securities were acquired in connection with their service to the company. Investors should note that this is an administrative event related to the plan's infrastructure and not indicative of any operational or financial distress for Waste Management, Inc.
02—Key points
Key Highlights
- Waste Management, Inc. (WM) announced a temporary suspension of trading under its Retirement Savings Plan due to a change in recordkeepers.
- A 'blackout period' will be in effect from approximately December 24, 2025, to the week of January 18, 2026.
- During the blackout period, participants cannot make contributions, change investments, or process loans, hardship withdrawals, or distributions from the plan.
- Company directors and executive officers are restricted from trading WM equity securities during the blackout period under certain conditions.
- The change in recordkeepers is scheduled to be effective January 1, 2026.
- Information on the exact start and end dates of the blackout period can be obtained by contacting the Corporate Secretary.
03—Questions
Frequently Asked Questions
What is the reason for the trading suspension at Waste Management?
The trading suspension, referred to as a 'blackout period', is due to Waste Management, Inc. changing the recordkeeper for its Retirement Savings Plan. This administrative change requires a temporary halt in transactions to ensure a smooth transition.
When will this 'blackout period' affect the Waste Management Retirement Savings Plan?
The blackout period is expected to begin around 4:00 p.m. ET on December 24, 2025, and is anticipated to end during the week of January 18, 2026. The change in recordkeepers itself will be effective January 1, 2026.
What can participants in the plan NOT do during the blackout period?
During the blackout period, participants will be unable to make changes to their contribution rates, direct or diversify their investments (including in the Company common stock fund), obtain loans from the plan, make hardship or other withdrawals, or obtain distributions from the plan.
Are there any trading restrictions for directors and executive officers?
Yes, directors and executive officers of Waste Management, Inc. are prohibited from directly or indirectly purchasing, selling, or otherwise acquiring or transferring any equity security of the Company during the blackout period, provided they acquired or previously acquired such securities in connection with their service or employment with the Company.
04—Continue