AI English summary of an SEC filing — figures as filed
Waste Management WMWaste Management said the Management Development and Compensation Committee approved on August 21, 2025 a one-time retention award of restricted stock units with a value of $2,100,000 to Tara J. Hemmer, Senior Vice President and Chief Sustainability Officer, under the Company's 2023 Stock Incentive Plan.
Key points
AI summaryWaste Management said the Management Development and Compensation Committee approved on August 21, 2025 a one-time retention award of restricted stock units with a value of $2,100,000 to Tara J. Hemmer, Senior Vice President and Chief Sustainability Officer, under the Company's 2023 Stock Incentive Plan.
The company said the award will be granted on September 2, 2025, and the number of RSUs granted will be calculated by dividing the award value by the average of the high and low price of the Company's common stock over the 30 trading days preceding the grant date.
Waste Management said the RSUs will vest 50% on the 2nd anniversary of grant and 50% on the 3rd anniversary of grant, and each RSU will be converted into 1 share of Company common stock upon vesting. It added that dividends will accrue and be paid in cash upon any payout of RSUs.
The company said that upon death or disability, all unvested RSUs will vest, and upon involuntary termination without cause, RSUs equal to the prorated portion of the 3-year vesting period during which Ms. Hemmer was employed will vest. Upon resignation or involuntary termination for cause, all unvested RSUs are forfeited, and upon involuntary termination without cause following a change in control, all unvested RSUs will vest.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
One-time retention RSU award approved on August 21, 2025
Waste Management said the Management Development and Compensation Committee approved on August 21, 2025 a one-time retention award of restricted stock units with a value of $2,100,000 to Tara J. Hemmer, Senior Vice President and Chief Sustainability Officer, under the Company's 2023 Stock Incentive Plan.
Source · Based on the filing body and exhibits
Grant on September 2, 2025 and RSU calculation method
The company said the award will be granted on September 2, 2025, and the number of RSUs granted will be calculated by dividing the award value by the average of the high and low price of the Company's common stock over the 30 trading days preceding the grant date.
Source · Based on the filing body and exhibits
RSU vesting schedule, share conversion and dividend payment terms
Waste Management said the RSUs will vest 50% on the 2nd anniversary of grant and 50% on the 3rd anniversary of grant, and each RSU will be converted into 1 share of Company common stock upon vesting. It added that dividends will accrue and be paid in cash upon any payout of RSUs.
Source · Based on the filing body and exhibits
RSU treatment by reason of retirement, termination and other events
The company said that upon death or disability, all unvested RSUs will vest, and upon involuntary termination without cause, RSUs equal to the prorated portion of the 3-year vesting period during which Ms. Hemmer was employed will vest. Upon resignation or involuntary termination for cause, all unvested RSUs are forfeited, and upon involuntary termination without cause following a change in control, all unvested RSUs will vest.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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