Daniel Ginnetti - 15 Mar 2023 Form 4 Insider Report for STERICYCLE INC

Role: EVP International
Signature: /s/ Daniel V. Ginnetti
Issuer symbol: N/A
Transactions as of: 15 Mar 2023
Net transactions value: -$34,984
Form type: 4
Filing time: 17 Mar 2023, 11:48:03 UTC
Previous filing: 13 Mar 2023
Next filing: 12 Mar 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	Options Exercise		+2,785	+9.7%		31,400	15 Mar 2023	Direct	F1
transaction	SRCL	Common Stock	Tax liability	$34,984	-817	-2.6%	$42.82	30,583	15 Mar 2023	Direct	F2

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	Performance-Based Stock Units	Award	$0	+13,986	+137%	$0.000000	24,201	15 Mar 2023	Common Stock	13,986	$0.000000	Direct	F3
transaction	SRCL	Restricted Stock Units	Options Exercise		-2,785	-26%		7,800	15 Mar 2023	Common Stock	2,785	$0.000000	Direct	F1, F4
transaction	SRCL	Restricted Stock Units	Award	$0	+11,443	+147%	$0.000000	19,243	15 Mar 2023	Common Stock	11,443	$0.000000	Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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. 817 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 8,357 shares. 2,785 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.