Dalby Marcel 4

What Happened
Marcel Dalby, Senior Vice President, Business Optimization & Collection at Waste Management (WM), was granted 2,257 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the award as an acquisition at $0.00 (typical for RSU grants); no cash purchase was made. This is a grant/award (not a purchase or sale) and generally reflects compensation or retention rather than a direct market signal.

Key Details

• Transaction type: Award/Grant (Code A) of 2,257 RSUs reported as $0.00 per share on 2026-05-20.
• Filing date: Form 4 filed 2026-05-21 (timely relative to the transaction date).
• Shares owned after the transaction: not disclosed in the filing.
• Footnote: RSUs were granted under the 2023 Stock Incentive Plan; vesting is 34% on the first anniversary of the grant and 33% on each of the second and third anniversaries (see footnote F1).
• No 10b5-1 plan, tax-withholding sale, or late-filing indication noted in the filing.

Context
RSUs are deferred equity awards that convert to shares if and when they vest; they do not require an upfront cash outlay and are not an immediate buy or sell in the market. The reported $0.00 is standard for RSU grants on Form 4 and does not reflect the eventual taxable value, which will depend on WM's share price at vesting. Such grants are typically compensation/retention-related and should be interpreted differently than insider purchases or sales.