Eric L. Gerratt - Jan 3, 2022 Form 4 Insider Report for US Ecology, Inc. (ECOL)

Role: EVP and CFO
Signature: /s/ Wayne Ipsen, by Power of Attorney
Stock symbol: ECOL
Transactions as of: Jan 3, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/5/2022, 03:30 PM
Next filing: May 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECOL	Common Stock	Award	$0	+9.32K	+25.73%	$0.00	45.5K	Jan 3, 2022	Direct	F1

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	ECOL	Performance Stock Units	Award	$0	+9.32K		$0.00	9.32K	Jan 3, 2022	Common Stock	9.32K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock vesting annually and ratably over three years from the date of issuance.
F2	Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Company's common stock ("Target PSUs"). The number of PSU's to which an Executive will be entitled will be determined based on a 1-year measurement period from January 1, 2022 to December 31, 2022 based on achievement of established targets with respect to the Company's revenue growth and net debt leverage, each weighted at 50% of the Target PSUs. Based on actual results, each Executive will be eligible to receive 0% to 200% of the Target PSUs. The PSUs will be earned over a 3-year period beginning January 1, 2022, cliff vesting on December 31, 2024. After the payout is determined, the number of shares to be provided is subject to modification based on the percentage change in the price of the Company's common stock from January 1, 2022 to December 31, 2024 relative to the percentage change in the price of the common stock of certain companies in the environmental and facilities industry.

Content

Restricted stock vesting annually and ratably over three years from the date of issuance.

Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of the Company's common stock ("Target PSUs"). The number of PSU's to which an Executive will be entitled will be determined based on a 1-year measurement period from January 1, 2022 to December 31, 2022 based on achievement of established targets with respect to the Company's revenue growth and net debt leverage, each weighted at 50% of the Target PSUs. Based on actual results, each Executive will be eligible to receive 0% to 200% of the Target PSUs. The PSUs will be earned over a 3-year period beginning January 1, 2022, cliff vesting on December 31, 2024. After the payout is determined, the number of shares to be provided is subject to modification based on the percentage change in the price of the Company's common stock from January 1, 2022 to December 31, 2024 relative to the percentage change in the price of the common stock of certain companies in the environmental and facilities industry.