Richard J. Hoffman - Mar 15, 2023 Form 4 Insider Report for STERICYCLE INC (SRCL)

Role
SVP & Chief Accounting Officer
Signature
/s/ Richard J. Hoffman
Stock symbol
SRCL
Transactions as of
Mar 15, 2023
Transactions value $
-$15,073
Form type
4
Date filed
3/17/2023, 11:52 AM
Previous filing
Mar 13, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Options Exercise +1.2K +6.89% 18.6K Mar 15, 2023 Direct F1
transaction SRCL Common Stock Tax liability -$15.1K -352 -1.89% $42.82 18.3K Mar 15, 2023 Direct F2

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 Award $0 +1.63K +136.2% $0.00 2.83K Mar 15, 2023 Common Stock 1.63K $0.00 Direct F3
transaction SRCL Restricted Stock Units Options Exercise -1.2K -26.36% 3.35K Mar 15, 2023 Common Stock 1.2K $0.00 Direct F1, F4
transaction SRCL Restricted Stock Units Award $0 +4.9K +146.3% $0.00 8.25K Mar 15, 2023 Common Stock 4.9K $0.00 Direct F5, 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. 352 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 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.
F4 This award was granted on March 15, 2022 for 3,597 shares. 1,199 shares vested on March 15, 2023 and the remaining unvested RSUs are scheduled to vest on the next 2 anniversaries of the grant date.
F5 Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock.
F6 The RSUs vest in 3 annual installments on each of the first three anniversaries of the grant date.