Joseph Anthony Reuter - Mar 9, 2024 Form 4 Insider Report for STERICYCLE INC (SRCL)

Signature
/s/ Deana Stanton, Attorney-in-Fact
Stock symbol
SRCL
Transactions as of
Mar 9, 2024
Transactions value $
-$100,694
Form type
4
Date filed
3/12/2024, 05:05 PM
Previous filing
Jun 7, 2023
Next filing
Mar 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Options Exercise $0 +1.68K +6.95% $0.00 25.9K Mar 9, 2024 Direct
transaction SRCL Common Stock Tax liability -$25.8K -494 -1.91% $52.20 25.4K Mar 9, 2024 Direct F1
transaction SRCL Common Stock Options Exercise $0 +4.62K +18.2% $0.00 30K Mar 9, 2024 Direct F2
transaction SRCL Common Stock Tax liability -$74.9K -1.44K -4.78% $52.20 28.6K Mar 9, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRCL Performance-Based Restricted Stock Units Options Exercise $0 -4.62K -43.64% $0.00 5.97K Mar 9, 2024 Common Stock 4.62K Direct F2, F4
transaction SRCL Restricted Stock Units Options Exercise $0 -1.68K -11.41% $0.00 13.1K Mar 9, 2024 Common Stock 1.68K Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold. 494 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units ("RSUs").
F2 On March 9, 2021, the reporting person was granted 6,168 performance-based restricted stock units ("PRSUs"), which were to be earned and vest dependent upon the achievement by the Issuer of certain financial performance criteria. Subject to continued employment through the applicable vesting date and to accelerated vesting in certain circumstances, the number of PRSUs scheduled to vest on the third anniversary of the grant date following the 2023 annual performance period could have varied between 0% and 187.5% of the number reported, depending on the extent to which the Issuer met certain financial performance goals. The Issuer's compensation committee determined that, based on actual performance, 4,622 PRSUs were earned and vested on March 9, 2024. The remaining 1,546 PRSUs were forfeited.
F3 No shares were sold. 1,435 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PRSUs.
F4 Each PRSU represents a contingent right to receive one share of Issuer common stock.
F5 Each RSU represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
F6 This award was granted on March 9, 2021 for 5,047 shares. The final 1,683 shares vested on March 9, 2024.