SCHMITT DAVID L 4
4 · CASELLA WASTE SYSTEMS INC · Filed Feb 22, 2019
Insider Transaction Report
Form 4
SCHMITT DAVID L
General Counsel & VP
Transactions
- Sale
Class A Common Stock
2019-02-21$34.60/sh−6,906$238,946→ 56,706 total - Award
Employee Stock Option (Right to Buy)
2019-02-20+8,988→ 8,988 totalExercise: $12.48From: 2019-02-20Exp: 2026-11-16→ Class A Common Stock (8,988 underlying) - Award
Class A Common Stock
2019-02-20+21,606→ 63,612 total
Footnotes (4)
- [F1]Represents shares of Class A Common Stock acquired by the reporting person upon the vesting of performance-based stock units ("PSU's") granted to the reporting person on November 17, 2016, as a result of the level of achievement by Casella Waste Systems, Inc. (the "Company") of certain performance objectives during the third year ("Measurement Period") of the three-year performance period running from January 1, 2016 to December 31, 2018, multiplied by a Relative TSR multiplier for the period running from January 1, 2016 to December 31, 2018.
- [F2]Represents the automatic sale of stock for tax withholding purposes pursuant to a Rule 10b5-1 trading plan adapted by the person on March 15, 2016, in connection with the vesting of PSU's on February 20, 2019.
- [F3]Represents the weighted average sales price for shares sold in multiple transactions, at prices ranging from $34.40 to $34.75, inclusive. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.
- [F4]On November 17, 2016, the reporting person was granted a performance-based stock option, which vested as to 35,952 shares of Class A Common Stock, as a result of the level of achievement by the Company of certain performance objectives during the Measurement Period of the three-year performance period running from January 1, 2016 to December 31, 2018, multiplied by a Relative TSR multiplier for the period running from January 1, 2016 to December 31, 2018.