Joseph Anthony Reuter - Mar 11, 2022 Form 4 Insider Report for STERICYCLE INC (SRCL)

Role: EVP & Chief People Officer
Signature: /s/ Joseph Anthony Reuter
Stock symbol: SRCL
Transactions as of: Mar 11, 2022
Transactions value $: -$56,493
Form type: 4
Date filed: 3/14/2022, 04:26 PM
Previous filing: Mar 11, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SRCL	Common Stock	Options Exercise		+2.21K	+35.63%		8.42K	Mar 11, 2022	Direct	F1
transaction	SRCL	Common Stock	Tax liability	-$37.3K	-672	-7.98%	$55.44	7.74K	Mar 11, 2022	Direct	F2
transaction	SRCL	Common Stock	Options Exercise		+1.14K	+14.76%		8.89K	Mar 12, 2022	Direct	F3
transaction	SRCL	Common Stock	Tax liability	-$19.2K	-347	-3.9%	$55.44	8.54K	Mar 12, 2022	Direct	F4

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		-1.14K	-6.9%		15.4K	Mar 12, 2022	Common Stock	1.14K	$0.00	Direct	F3, F5
transaction	SRCL	Restricted Stock Units	Options Exercise		-2.21K	-28.39%		5.58K	Mar 11, 2022	Common Stock	2.21K	$0.00	Direct	F1, F6

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (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.
F2	No shares were sold. 672 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.
F3	The vesting of these performance-based restricted stock units ("PRSU") is dependent upon the achievement by Stericycle,Inc. of certain financial performance criteria. Subject to accelerated vesting in certain circumstances, one-third (1/3) of the target number of PRSUs is scheduled to vest annually on each anniversary of the grant date following each of the 2019, 2020 and 2021 annual performance periods. Each year, the number of units that actually vest will be 0% to 100% of the scheduled amount, depending on the extent to which Stericycle, Inc. meets certain financial performance goals.
F4	No shares were sold. 347 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
F5	This award was granted on March 12, 2019 for 3,430 shares. The final 1,143 shares vested on March 12, 2022.
F6	This award was granted on March 11, 2020 for 6,633 shares. 2,211 shares vested on March 11, 2022 and the remaining unvested RSUs are scheduled to vest on the next anniversary of the grant date.