Opening its proxy statement…Reading the pay tables…Finding what shareholders vote on…
WMWaste Management Inc
Pay and votes (proxy statement)
Before its yearly shareholder meeting, a company sends out a proxy statement, filed with the SEC as a DEF 14A. It says what shareholders will vote on, who sits on the board, and how the top managers are paid, set against how the shares did. Here are the key parts of Waste Management's latest one. Open the full statement.
The yearly meeting
The meeting date wasn't found in the text. The statement itself gives it on its first pages.
Audit firm put forward for approval: Ernst & Young LLP
Proxy statement filed Mar 31, 2026.
Pay next to how the shares did
Since 2022, companies must show their bosses' pay next to how shareholders did. Two pay figures are given: the pay the board set for the year (from the summary pay table), and “compensation actually paid”, which re-values share awards at today's share price, so it rises and falls with the stock and can even be negative. Tap a year.
20212022202320242025
Pay set for the year Actually paid (re-valued)
20212022202320242025
Waste Management A group of similar companies it picked
Year to Dec 31, 2025 · chief executive: Mr. James C. Fish, Jr.
Pay set for the chief executive: $19.0M
Actually paid, re-valued: $27.5M
Other top managers, on average: $4.9M
$100 in its shares became: $202 (similar companies: $196)
Profit (net income): $2.7B
The measure it ties pay to (Operating EBITDA): $7.4B
Read straight from the tagged “pay versus performance” table in the proxy statement. The $100 figures assume $100 was invested at the start of the first year shown, with dividends reinvested.