Culotta Dominic 4
4 · STERICYCLE INC · Filed Mar 12, 2024
Insider Transaction Report
Form 4
STERICYCLE INCSRCL
Culotta Dominic
EVP Engineering
Transactions
- Exercise/Conversion
Common Stock
2024-03-09+4,044→ 18,836 total - Exercise/Conversion
Common Stock
2024-03-09+1,472→ 15,151 total - Tax Payment
Common Stock
2024-03-09$52.20/sh−359$18,740→ 14,792 total - Exercise/Conversion
Performance-Based Restricted Stock Units
2024-03-09−4,044→ 8,589 total→ Common Stock (4,044 underlying) - Tax Payment
Common Stock
2024-03-09$52.20/sh−1,065$55,593→ 17,771 total - Exercise/Conversion
Restricted Stock Units
2024-03-09−1,472→ 13,272 total→ Common Stock (1,472 underlying)
Footnotes (6)
- [F1]No shares were sold. 359 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of restricted stock units ("RSUs").
- [F2]On March 9, 2021, the reporting person was granted 5,397 performance-based restricted stock units ("PRSUs"), which were to be earned and vest dependent upon the achievement by the Issuer of certain financial performance criteria. Subject to continued employment through the applicable vesting date and to accelerated vesting in certain circumstances, the number of PRSUs scheduled to vest on the third anniversary of the grant date following the 2023 annual performance period could have varied between 0% and 187.5% of the number reported, depending on the extent to which the Issuer met certain financial performance goals. The Issuer's compensation committee determined that, based on actual performance, 4,044 PRSUs were earned and vested on March 9, 2024. The remaining 1,353 PRSUs were forfeited.
- [F3]No shares were sold. 1,065 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of PRSUs.
- [F4]Each PRSU represents a contingent right to receive one share of Company common stock.
- [F5]Each 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.
- [F6]This award was granted on March 9, 2021 for 4,416 shares. The final 1,472 shares vested on March 9, 2024.