Daniel Ginnetti - 15 Mar 2023 Form 4 Insider Report for STERICYCLE INC

Reporting relationship: EVP International
Issuer ticker: N/A
Reported as of: 15 Mar 2023
Net transaction value: -$34,984
SEC form: 4
Accepted by SEC: 17 Mar 2023, 11:48:03 UTC
Prior SEC filing: 13 Mar 2023
Next SEC filing: 12 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Daniel V. Ginnetti

Key filing fact

Daniel Ginnetti filed Form 4 for STERICYCLE INC on 17 Mar 2023.

Key facts

This page summarizes Daniel Ginnetti's Form 4 filing for STERICYCLE INC.
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 17 Mar 2023, 11:48.

Change

Previous filing in this sequence was filed on 13 Mar 2023.
Current net transaction value: -$34,984.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SRCL transaction

Common Stock

Options Exercise

Transaction value
Shares: +2,785
Change %: +9.7%
Price
Shares after: 31,400
Date: 15 Mar 2023
Ownership: Direct
Footnotes: F1

SRCL transaction

Common Stock

Tax liability

Transaction value: $34,984
Shares: -817
Change %: -2.6%
Price: $42.82
Shares after: 30,583
Date: 15 Mar 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SRCL transaction Derivative

Performance-Based Stock Units

Award

Transaction value: $0
Shares: +13,986
Change %: +137%
Price: $0.000000
Shares after: 24,201
Date: 15 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,986
Exercise price: $0.000000
Footnotes: F3

SRCL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -2,785
Change %: -26%
Price
Shares after: 7,800
Date: 15 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,785
Exercise price: $0.000000
Footnotes: F1, F4

SRCL transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +11,443
Change %: +147%
Price: $0.000000
Shares after: 19,243
Date: 15 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,443
Exercise price: $0.000000
Footnotes: F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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.

Footnote F2

No shares were sold. 817 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.

Footnote F3

The vesting of these performance-based stock units ("PSU") is dependent upon the achievement by Stericycle, Inc. of certain financial performance criteria. Subject to accelerated vesting in certain circumstances, the number of PSUs scheduled to vest on the third anniversary of the grant date following the 2025 annual performance period will vary between 0% and 200% of the number reported, depending on the extent to which Stericycle, Inc. meets certain financial performance goals.

Footnote F4

This award was granted on March 15, 2022 for 8,357 shares. 2,785 shares vested on March 15, 2023 and the remaining unvested RSUs are scheduled to vest on the next 2 anniversaries of the grant date.

Footnote F5

Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock.

Footnote F6

The RSUs vest in 3 annual installments on each of the first three anniversaries of the grant date.