Edwin D. Johnson - Feb 22, 2022 Form 4 Insider Report for CASELLA WASTE SYSTEMS INC (CWST)

Role
President & COO
Signature
/s/ Edwin D. Johnson
Stock symbol
CWST
Transactions as of
Feb 22, 2022
Transactions value $
-$1,250,983
Form type
4
Date filed
2/24/2022, 07:08 PM
Previous filing
Nov 23, 2021
Next filing
Mar 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWST Class A Common Stock Award $0 +36.2K +29.63% $0.00 158K Feb 22, 2022 Direct F1
transaction CWST Class A Common Stock Sale -$1.19M -16.9K -10.68% $70.30 141K Feb 24, 2022 Direct F2, F3
transaction CWST Class A Common Stock Sale -$63.5K -894 -0.63% $71.08 140K Feb 24, 2022 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 April 1, 2019, as a result of the level of achievement by Casella Waste Systems, Inc. of certain performance objectives during the period running from January 1, 2021 through December 31, 2021, and a multiplier based on relative total shareholder return for the period running from January 1, 2019 to December 31, 2021.
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 April 1, 2019. 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 "binding contract" consistent with the affirmative defense to liability under Rule 10b5-1 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, at prices ranging from $70.00 to $70.99, inclusive. 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, at prices ranging from $71.00 to $71.39, inclusive. 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.