Dominic Culotta - Apr 29, 2022 Form 4 Insider Report for STERICYCLE INC (SRCL)

Role
EVP Engineering
Signature
/s/ Dominic Culotta
Stock symbol
SRCL
Transactions as of
Apr 29, 2022
Transactions value $
-$16,763
Form type
4
Date filed
5/2/2022, 04:19 PM
Previous filing
Mar 17, 2022
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Options Exercise +682 +13.49% 5.74K Apr 29, 2022 Direct F1
transaction SRCL Common Stock Tax liability -$8.38K -167 -2.91% $50.19 5.57K Apr 29, 2022 Direct F2
transaction SRCL Common Stock Options Exercise +683 +12.26% 6.25K Apr 29, 2022 Direct F3
transaction SRCL Common Stock Tax liability -$8.38K -167 -2.67% $50.19 6.09K Apr 29, 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 -682 -5.28% 12.2K Apr 29, 2022 Common Stock 682 $0.00 Direct F1, F5
transaction SRCL Restricted Stock Units Options Exercise -683 -5.79% 11.1K Apr 29, 2022 Common Stock 683 $0.00 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 No shares were sold. 167 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
F3 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.
F4 No shares were sold. 167 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.
F5 This award was granted on May 1, 2019 for 2,048 shares. The final 682 shares vested on May 1, 2022.
F6 This award was granted on May 1, 2019 for 2,048 shares. The final 683 shares vested on May 1, 2022.