Kurt Rogers - May 1, 2023 Form 4 Insider Report for STERICYCLE INC (SRCL)

Role
EVP & General Counsel
Signature
/s/ Kurt M. Rogers
Stock symbol
SRCL
Transactions as of
May 1, 2023
Transactions value $
-$192,813
Form type
4
Date filed
5/2/2023, 04:27 PM
Previous filing
Apr 3, 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 +2.83K +17.09% 19.4K May 1, 2023 Direct F1
transaction SRCL Common Stock Tax liability -$37.9K -831 -4.28% $45.55 18.6K May 1, 2023 Direct F2
transaction SRCL Common Stock Options Exercise +8.23K +44.31% 26.8K May 1, 2023 Direct F3
transaction SRCL Common Stock Tax liability -$155K -3.4K -12.69% $45.55 23.4K May 1, 2023 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 -8.23K -46.6% 9.44K May 1, 2023 Common Stock 8.23K $0.00 Direct F3, F5
transaction SRCL Restricted Stock Units Options Exercise -2.83K -9.34% 27.5K May 1, 2023 Common Stock 2.83K $0.00 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. 831 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 continued employment through the applicable vesting date and to accelerated vesting in certain circumstances, the number of PSUs scheduled to vest on the third anniversary of the grant date following the 2022 annual performance period will vary between 0% and 187.5% of the number reported, depending on the extent to which Stericycle, Inc. meets certain financial performance goals.
F4 No shares were sold. 3,402 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PSUs.
F5 This award was granted on May 1, 2020 for 10,391 shares. 8,234 shares vested on May 1, 2023.
F6 This award was granted on May 1, 2020 for 8,502 shares. The final 2,834 shares vested on May 1, 2023.