Dominic Culotta - 09 Mar 2024 Form 4 Insider Report for STERICYCLE INC

Signature
/s/ Deana Stanton, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
09 Mar 2024
Net transactions value
-$74,333
Form type
4
Filing time
12 Mar 2024, 17:08:20 UTC
Previous filing
17 Mar 2023
Next filing
14 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Options Exercise $0 +1,472 +11% $0.000000 15,151 09 Mar 2024 Direct
transaction SRCL Common Stock Tax liability $18,740 -359 -2.4% $52.20 14,792 09 Mar 2024 Direct F1
transaction SRCL Common Stock Options Exercise $0 +4,044 +27% $0.000000 18,836 09 Mar 2024 Direct F2
transaction SRCL Common Stock Tax liability $55,593 -1,065 -5.7% $52.20 17,771 09 Mar 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 -4,044 -32% $0.000000 8,589 09 Mar 2024 Common Stock 4,044 Direct F2, F4
transaction SRCL Restricted Stock Units Options Exercise $0 -1,472 -10% $0.000000 13,272 09 Mar 2024 Common Stock 1,472 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. 359 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 5,397 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, 4,044 PRSUs were earned and vested on March 9, 2024. The remaining 1,353 PRSUs were forfeited.
F3 No shares were sold. 1,065 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 Company 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 4,416 shares. The final 1,472 shares vested on March 9, 2024.