James L. Welch - Nov 4, 2024 Form 4 Insider Report for STERICYCLE INC (SRCL)

Role
Director
Signature
/s/ Stuart Funderburg, Attorney-in-Fact
Stock symbol
SRCL
Transactions as of
Nov 4, 2024
Transactions value $
-$890,010
Form type
4
Date filed
11/4/2024, 05:04 PM
Previous filing
Jun 14, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRCL Common Stock Disposed to Issuer -$672K -10.8K -100% $62.00 0 Nov 4, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SRCL Restricted Stock Units Disposed to Issuer -$218K -3.52K -100% $62.00 0 Nov 4, 2024 Common Stock 3.52K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James L. Welch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
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 RSUs that would have vested in full on the earlier of the one-year anniversary of the grant date or the date of the 2025 Annual Meeting of Stockholders, provided that the date of the 2025 Annual Meeting of Stockholders had been at least 50 weeks after the date of the 2024 Annual Meeting of Stockholders. 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.