STERICYCLE INC|4Mar 17, 11:52 AM ET

Hoffman Richard J 4

4 · STERICYCLE INC · Filed Mar 17, 2023

Form 4

Period: 2023-03-15

SVP & Chief Accounting Officer

Transactions

Exercise/Conversion
Common Stock
2023-03-15+1,199→ 18,605 total
Tax Payment
Common Stock
2023-03-15$42.82/sh−352$15,073→ 18,253 total
Award
Performance-Based Stock Units
2023-03-15+1,633→ 2,832 total
Exercise: $0.00→ Common Stock (1,633 underlying)
Exercise/Conversion
Restricted Stock Units
2023-03-15−1,199→ 3,350 total
Exercise: $0.00→ Common Stock (1,199 underlying)
Award
Restricted Stock Units
2023-03-15+4,901→ 8,251 total
Exercise: $0.00→ Common Stock (4,901 underlying)

Footnotes (6)

[F1]Each restricted stock unit (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.
[F2]No shares were sold. 352 shares were withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on vesting of RSUs.
[F3]The vesting of these performance-based stock units ("PSU") is dependent upon the achievement by Stericycle, Inc. of certain financial performance criteria. Subject to accelerated vesting in certain circumstances, the number of PSUs scheduled to vest on the third anniversary of the grant date following the 2025 annual performance period will vary between 0% and 200% of the number reported, depending on the extent to which Stericycle, Inc. meets certain financial performance goals.
[F4]This award was granted on March 15, 2022 for 3,597 shares. 1,199 shares vested on March 15, 2023 and the remaining unvested RSUs are scheduled to vest on the next 2 anniversaries of the grant date.
[F5]Each restricted stock unit (RSU) represents the right to receive, at settlement, one share of common stock.
[F6]The RSUs vest in 3 annual installments on each of the first three anniversaries of the grant date.

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