Sean Steves - Feb 22, 2023 Form 4 Insider Report for CASELLA WASTE SYSTEMS INC (CWST)

Role
Sr VP & COO of SW Ops
Signature
/s/ Sean Steves
Stock symbol
CWST
Transactions as of
Feb 22, 2023
Transactions value $
-$37,370
Form type
4
Date filed
2/24/2023, 03:08 PM
Previous filing
Jul 1, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWST Class A Common Stock Award $0 +1.57K +37.47% $0.00 5.75K Feb 22, 2023 Direct F1
transaction CWST Class A Common Stock Sale -$25.7K -341 -5.93% $75.39 5.41K Feb 23, 2023 Direct F2, F3
transaction CWST Class A Common Stock Sale -$11.7K -153 -2.83% $76.22 5.26K Feb 23, 2023 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock acquired by the reporting person upon the vesting of performance-based stock units (PSUs) granted to the reporting person on March 12, 2020, as a result of the level of achievement by Casella Waste Systems, Inc. of certain performance objectives during the period running from January 1, 2022 through December 31, 2022, and a multiplier based on relative total shareholder return for the period running from January 1, 2020 to December 31, 2022.
F2 Represents shares of Class A Common Stock automatically sold by the reporting person to satisfy tax withholding obligations in connection with the vesting of PSUs granted to the reporting person on March 12, 2020. The automatic sale of the reporting person's shares of Class A Common Stock is provided for in a performance-based stock unit agreement constituting a "sell-to-cover transaction" intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934 and the sale does not represent a discretionary trade by the reporting person.
F3 Represents the weighted average sales price for shares sold in multiple transactions, ranging from $74.89 to $75.88. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
F4 Represents the weighted average sales price for shares sold in multiple transactions, ranging from $75.89 to $76.86. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.