Seward William J. 4
4 · STERICYCLE INC · Filed Mar 13, 2019
Insider Transaction Report
Form 4
STERICYCLE INCSRCL
Seward William J.
EVP, Chief Commercial Officer
Transactions
- Award
Performance-based Restricted Stock Units
2019-03-12+8,575→ 8,575 totalExercise: $0.00→ Common Stock (8,575 underlying)
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock.
- [F2]The vesting of these performance-based restricted stock units ("PRSU") 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, one-third (1/3) of the target number of PRSUs is scheduled to vest annually on each anniversary of the grant date following each of the 2019, 2020 and 2021 annual performance periods. Each year, the number of units that actually vest will be 0% to 100% of the scheduled amount, depending on the extent to which Stericycle, Inc. meets certain financial performance goals.