4//SEC Filing
WELLING STEVEN D 4
Accession 0001437749-19-021250
CIK 0001783400other
Filed
Oct 31, 8:00 PM ET
Accepted
Nov 1, 1:04 PM ET
Size
24.9 KB
Accession
0001437749-19-021250
Insider Transaction Report
Form 4
US Ecology, Inc.ECOL
WELLING STEVEN D
EVP Sales & Marketing
Transactions
- Award
Stock Options
2019-11-01+6,900→ 6,900 totalExercise: $51.00From: 2019-01-01Exp: 2028-01-01→ Common Stock (6,900 underlying) - Award
Stock Options
2019-11-01+2,300→ 2,300 totalExercise: $35.05From: 2017-01-04Exp: 2026-01-03→ Common Stock (2,300 underlying) - Award
Performance Stock Units
2019-11-01+2,847→ 2,847 totalExercise: $0.00Exp: 2021-12-31→ Common Stock (2,847 underlying) - Award
Common Stock
2019-11-01+29,369→ 29,369 total - Award
Performance Stock Units
2019-11-01+2,000→ 2,000 totalExercise: $0.00Exp: 2019-12-31→ Common Stock (2,000 underlying) - Award
Stock Options
2019-11-01+9,300→ 9,300 totalExercise: $49.97From: 2016-03-10Exp: 2025-03-09→ Common Stock (9,300 underlying) - Award
Stock Options
2019-11-01+6,000→ 6,000 totalExercise: $49.15From: 2018-01-02Exp: 2027-01-01→ Common Stock (6,000 underlying) - Award
Stock Options
2019-11-01+6,100→ 6,100 totalExercise: $63.85From: 2020-01-01Exp: 2029-01-01→ Common Stock (6,100 underlying) - Award
Performance Stock Units
2019-11-01+2,400→ 2,400 totalExercise: $0.00Exp: 2020-12-31→ Common Stock (2,400 underlying)
Footnotes (6)
- [F1]Acquired pursuant to that certain Agreement and Plan of Merger, dated as of June 23, 2019 ("Merger Agreement"), by and among US Ecology Holdings, Inc. (f/k/a US Ecology, Inc.) ("Parent"), NRC Group Holdings Corp., US Ecology, Inc. (f/k/a US Ecology Parent, Inc.) ("Holdco"), ECOL Merger Sub, Inc. ("ECOL Merger Sub") and Rooster Merger Sub, Inc., in a merger transaction in which ECOL Merger Sub merged with and into Parent, and each issued and outstanding share of Parent's common stock was converted into the right to receive, and became exchangeable for, one share of common stock, par value $0.01 of Holdco.
- [F2]All outstanding derivative securities of Parent, which include Options and Performance Stock Units ("PSUs"), were assumed by Holdco pursuant to the Merger Agreement and were converted into an equivalent number of Options and PSUs, respectively, of Holdco at an equivalent exercise price and under the same terms and conditions as the original award.
- [F3]These Options are fully vested and exercisable.
- [F4]Options vest ratably on the anniversary of the date of original issuance for a period of three years. Upon vesting, the reporting person will receive a number of shares of common stock equal to the number of Options that have vested.
- [F5]Each PSU represents a contingent right to receive one share of Parent common stock. The number of shares reported represents the target number of shares underlying the PSUs. The actual number of shares to be delivered in settlement of the PSUs earned during the performance period will be based on Parent's total shareholder return over the three year vesting period relative to the S&P 600 (weighted at 50%) and a peer group of certain companies in the environmental and facilities services industry (weighted at 50%) and could equal 200% of the target number of shares underlying the PSUs. If earned, PSUs will vest ratably on the anniversary of the date of original issuance for a period of three years. The PSUs will settle as soon as practicable after the expiration date.
- [F6]Each PSU represents a contingent right to receive one share of Parent common stock. The number of shares reported represents the target number of shares underlying the PSUs. The actual number of shares to be delivered in settlement of the PSUs earned during the performance period will be based on achievement of established targets with respect to the Parent's Adjusted Earnings Per Share and Return on Invested Capital, each weighted at 50% of the target PSUs. After the payout under the PSUs is determined, the number of shares to be provided is subject to modification based on the percentage change in the price of the Parent's common stock from January 1, 2019 to December 31, 2021, relative to the percentage change in the price of the common stock of certain peer group companies. If earned, PSUs will vest ratably on the anniversary of the date of original issuance for a period of three years. The PSUs will settle as soon as practicable after the expiration date.
Documents
Issuer
US Ecology, Inc.
CIK 0001783400
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001272449
Filing Metadata
- Form type
- 4
- Filed
- Oct 31, 8:00 PM ET
- Accepted
- Nov 1, 1:04 PM ET
- Size
- 24.9 KB