Janet Zelenka - 01 Jul 2022 Form 4 Insider Report for STERICYCLE INC

Signature
/s/ Janet H. Zelenka
Issuer symbol
N/A
Transactions as of
01 Jul 2022
Net transactions value
-$93,088
Form type
4
Filing time
05 Jul 2022, 18:08:43 UTC
Previous filing
17 Mar 2022
Next filing
10 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Options Exercise +2,366 +17% 15,897 01 Jul 2022 Direct F1
transaction SRCL Common Stock Tax liability $46,544 -1,049 -6.6% $44.37 14,848 01 Jul 2022 Direct F2
transaction SRCL Common Stock Options Exercise +2,366 +16% 17,214 01 Jul 2022 Direct F3
transaction SRCL Common Stock Tax liability $46,544 -1,049 -6.1% $44.37 16,165 01 Jul 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 Stock Units Options Exercise -2,366 -12% 17,925 01 Jul 2022 Common Stock 2,366 $0.000000 Direct F3, F5
transaction SRCL Restricted Stock Units Options Exercise -2,366 -9% 24,015 01 Jul 2022 Common Stock 2,366 $0.000000 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. 1,049 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 continued employment through the applicable vesting date and 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. 1,049 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
F5 This PSU award was granted on July 1, 2019 for 7,098 shares. The final 2,366 shares vested on July 1, 2022.
F6 This RSU award was granted on July 1, 2019 for 7,098 shares. The final 2,366 shares vested on July 1, 2022.