Gursahaney Naren K 4
4 · STERICYCLE INC · Filed Nov 4, 2024
Insider Transaction Report
Form 4
STERICYCLE INCSRCL
Gursahaney Naren K
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2024-11-04$62.00/sh−8,653$536,486→ 0 total→ Common Stock (8,653 underlying) - Disposition to Issuer
Common Stock
2024-11-04$62.00/sh−6,000$372,000→ 0 total
Footnotes (3)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of June 3, 2024 (the "Merger Agreement"), by and among Stericycle, Inc. (the "Company"), Waste Management, Inc. and Stag Merger Sub Inc., at the effective time (the "Effective Time") of the merger of Stag Merger Sub Inc. with and into the Company, which Effective Time occurred on November 4, 2024, each outstanding share of Company common stock was converted into the right to receive $62.00 per share in cash, without interest.
- [F2]Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock.
- [F3]Represents 5,129 RSUs that were fully vested prior to the Effective Time and 3,524 RSUs that were unvested at the Effective Time, 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 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.