8-KOther EventsExhibits & Filings

WASTE MANAGEMENT INC 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Nov 20, 2025)

Filed November 20, 2025For Securities:WM

Summary

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.

Key Highlights

  • 1Waste Management, Inc. (WM) announced a temporary suspension of trading under its Retirement Savings Plan due to a change in recordkeepers.
  • 2A 'blackout period' will be in effect from approximately December 24, 2025, to the week of January 18, 2026.
  • 3During the blackout period, participants cannot make contributions, change investments, or process loans, hardship withdrawals, or distributions from the plan.
  • 4Company directors and executive officers are restricted from trading WM equity securities during the blackout period under certain conditions.
  • 5The change in recordkeepers is scheduled to be effective January 1, 2026.
  • 6Information on the exact start and end dates of the blackout period can be obtained by contacting the Corporate Secretary.

Frequently Asked Questions

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.

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.

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.

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.