Waste Management 2015 Annual Report Download - page 4
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TABLE OF CONTENTS
Page
GENERAL INFORMATION ............................................................ 1
BOARD OF DIRECTORS ............................................................... 5
Leadership Structure ................................................................... 5
Role in Risk Oversight ................................................................. 5
Independence of Board Members ......................................................... 6
Meetings and Board Committees ......................................................... 7
Audit Committee ..................................................................... 7
Audit Committee Report ............................................................... 9
Management Development and Compensation Committee ..................................... 10
Compensation Committee Report ........................................................ 11
Compensation Committee Interlocks and Insider Participation .................................. 11
Nominating and Governance Committee ................................................... 11
Related Party Transactions .............................................................. 12
Special Committee .................................................................... 13
Board of Directors Governing Documents .................................................. 13
Non-Employee Director Compensation .................................................... 13
ELECTION OF DIRECTORS (Item 1 on the Proxy Card) .................................... 16
DIRECTOR AND OFFICER STOCK OWNERSHIP ........................................ 20
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS ........................... 22
SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE .................. 22
EXECUTIVE OFFICERS ............................................................... 23
EXECUTIVE COMPENSATION ......................................................... 24
Compensation Discussion and Analysis .................................................. 24
Executive Summary ................................................................. 24
Our Compensation Philosophy ......................................................... 27
Overview of Elements of Our 2015 Compensation Program .................................. 28
How Named Executive Officer Compensation Decisions are Made ............................ 30
Named Executives’ 2015 Compensation Program and Results ................................ 34
Other Compensation Policies and Practices ............................................... 38
Executive Compensation Tables ........................................................ 41
Summary Compensation Table ........................................................ 41
Grant of Plan-Based Awards in 2015 .................................................... 43
Outstanding Equity Awards at December 31, 2015 ......................................... 44
Option Exercises and Stock Vested ..................................................... 45
Nonqualified Deferred Compensation in 2015 ............................................. 45
Potential Payments Upon Termination or Change in Control ................................. 46
Equity Compensation Plan Table ....................................................... 52
RATIFICATION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
(Item 2 on the Proxy Card) ............................................................ 53
ADVISORY VOTE ON EXECUTIVE COMPENSATION (Item 3 on the Proxy Card) ............ 54
STOCKHOLDER PROPOSAL (Item 4 on the Proxy Card) ................................... 56
OTHER MATTERS .................................................................... 58