Stephen C. Hooley - 04 Nov 2024 Form 4 Insider Report for STERICYCLE INC

Footnote F1

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

Footnote F2

Represents RSUs that were fully vested prior to the effective time (the "Effective Time") of the merger of Stag Merger Sub Inc. with and into Stericycle, Inc. (the "Company"), which Effective Time occurred on November 4, 2024, but, in accordance with the Stericycle, Inc. Directors Deferred Stock Plan, the reporting person previously elected to defer actual receipt of the shares to which such person would otherwise have been entitled upon vesting until such person's separation of service from the issuer. Pursuant to the Agreement and Plan of Merger, dated as of June 3, 2024 (the "Merger Agreement"), by and among the Company, Waste Management, Inc., and Stag Merger Sub, Inc., at the Effective Time, these RSUs were canceled and converted into the right to receive (without interest) an amount in cash equal to the number of RSUs multiplied by $62.00.

Footnote F3

Represents RSUs that would have vested in full on the earlier of the one-year anniversary of the grant date or the date of the 2025 Annual Meeting of Stockholders, provided that the date of the 2025 Annual Meeting of Stockholders had been at least 50 weeks after the date of the 2024 Annual Meeting of Stockholders. Pursuant to the Merger Agreement, at the Effective Time, these RSUs were canceled and converted into the right to receive (without interest) an amount in cash equal to the number of RSUs multiplied by $62.00.