Waste Management (WM) executive compensation, 2026 proxy

James C. Fish, Jr., Chief Executive Officer, was paid $19M in 2025, up 11% from $17.1M the year before. The CEO-to-median-employee pay ratio was 190:1, on median employee pay of $100,067.

Filed
March 31, 2026
Annual meeting
May 12, 2026
Pay year
2025
Named executives
6
CEO total pay
$19M+11% vs prior year
CEO to median employee
190:1median $100,067
CEO pay in equity
78%$14.8M in awards
Prior say-on-pay support
93%of votes cast
CEO Target Bonus
$2,400,000Non-equity incentive plan target
Say-on-Pay Support
93%Prior annual meeting advisory vote

How Jr. was paid

$19M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Stock awards65%Option awards13%Non-equity incentive13%All other compensation1%

Named executive officers

ExecutiveTotal
James C. Fish, Jr.Chief Executive Officer$19,048,786
David L. ReedEVP and Chief Financial Officer$1,968,840
Devina A. RankinFormer EVP and Chief Financial Officer$5,076,093
John J. Morris, Jr.President and Chief Operating Officer$7,238,306
Tara J. HemmerSVP and Chief Sustainability Officer$6,155,151
Rafael E. CarrascoSVP -- Enterprise Strategy; President -- WM Healthcare Solutions$4,046,614

What changed and why

  • $19MCEO total compensation increased to $19,048,786 in 2025 from $17,097,120 in 2024.
  • 93%Approximately 93% of shares voted in favor of executive compensation at the prior annual meeting.
  • The compensation committee kept long-term incentive program design for executive officers consistent with prior years.
  • Promotional and retention equity awards were granted to key executives to encourage long-term performance and leadership stability.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.