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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation of our principal executive officer (“PEO”) and the average of the Non-PEO NEOs, and certain performance metrics for the fiscal years listed below. The Compensation and Human Capital Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown; rather, the Committee followed Stericycle’s Executive Compensation Philosophy and best practice when making pay decisions.

	Year			Summary Compensation Table Total for PEO⁽¹⁾ ($)			Compensation Actually Paid to PEO^(1),(3),(4) ($)			Average Summary Compensation Table Total for Non-PEO NEOs⁽¹⁾ ($)			Average Compensation Actually Paid to Non-PEO NEOs^(1),(3),(4) ($)			Value of Initial Fixed $100 Investment Based On⁽⁵⁾:						Net Income (Loss) ($ Millions)			EPS Metric⁽⁶⁾ ($)
	Year			Summary Compensation Table Total for PEO⁽¹⁾ ($)			Compensation Actually Paid to PEO^(1),(3),(4) ($)									TSR ($)			Peer Group TSR ($)			Net Income (Loss) ($ Millions)			EPS Metric⁽⁶⁾ ($)
	2023			7,290,832			7,614,184			2,452,195			2,585,125			77.67			156.70			(21.3)			0.87
	2022⁽²⁾			6,906,348			3,479,110			2,303,020			1,372,979			78.19			136.56			56.5			0.55
	2021			6,655,585			5,339,859			2,111,583			1,791,322			93.46			144.60			(26.8)			0.60
	2020			5,574,228			7,026,428			2,116,027			2,233,813			108.65			104.81			(55.9)			0.71

(1)	Cindy J. Miller was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are Janet H. Zelenka, Daniel V. Ginnetti, Kurt M. Rogers, and S. Cory White.

(2)

The 2022 amounts reported in the Summary Compensation Table Total and the Compensation Actually Paid columns for the PEO and the average for the Non-PEO NEOs (and in the 2022 adjustment amounts in footnote (4) below) have been modified from the amounts reported in the Pay Versus Performance section of our proxy statement filed in 2023 due to the 2022 amounts in the “Stock Awards” and “Total” columns in the Summary Compensation Table being overstated in the 2023 proxy statement. See footnote (1) to the Summary Compensation Table in this proxy statement.

(3)

The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table total with certain adjustments as described in footnote (4) below.

(4)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts from the Summary Compensation Table total for the PEO and the average of the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column below are the amounts from the Stock Awards column set forth in the Summary Compensation Table. As permitted, information on the amounts excluded and included with respect to 2021 and 2020 have been omitted from the disclosure below and can be found in the proxy statement filed in 2023, but the amounts excluded and included with respect to 2022 are included due to the updated amounts as described in footnote (2) above.

	Year			Summary Compensation Table Total for PEO ($)			Exclusion of Stock Awards for PEO ($)			Inclusion of Equity Values for PEO ($)			Compensation Actually Paid to PEO ($)
	2023			7,290,832			(4,911,950)			5,235,303			7,614,184
	2022			6,906,348			(5,755,288)			2,328,050			3,479,110

	Year			Summary Compensation Table Total for Non-PEO NEOs ($)			Exclusion of Stock Awards for Non-PEO NEOs ($)			Inclusion of Equity Values for Non-PEO NEOs ($)			Compensation Actually Paid to Non-PEO NEOs ($)
	2023			2,452,195			(1,421,405)			1,554,335			2,585,125
	2022			2,303,020			(1,688,275)			758,234			1,372,979

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

	Year			Year-End Fair Value of Equity Awards Granted During Covered Year That Remained Unvested as of End of Covered Year for PEO ($)			Change in Fair Value from End of Prior Year to End of Covered Year of Unvested Equity Awards Granted in a Prior Year for PEO ($)			Change in Fair Value from End of Prior Year to Vesting Date of Equity Awards Granted in a Prior Year that Vested During the Covered Year for PEO ($)			Fair Value at End of Prior Year of Equity Awards Forfeited During Covered Year for PEO ($)			Total - Inclusion of Equity Values for PEO ($)
	2023			5,854,130			322,681			(941,508)			—			5,235,303
	2022			3,947,727			(1,222,599)			(397,078)			—			2,328,050

	Year			Year-End Fair Value of Equity Awards Granted During Covered Year That Remained Unvested at End of Covered Year for Non-PEO NEOs ($)			Change in Fair Value from End of Prior Year to End of Covered Year of Unvested Equity Awards Granted in a Prior Year for Non-PEO NEOs ($)			Change in Fair Value from End of Prior Year to Vesting Date of Equity Awards Granted in a Prior Year that Vested During the Covered Year for Non-PEO NEOs ($)			Fair Value at End of Prior Year of Equity Awards Forfeited During Covered Year for Non-PEO NEOs ($)			Total - Inclusion of Equity Values for Non-PEO NEOs ($)
	2023			1,694,749			111,474			(251,888)			—			1,554,335
	2022			1,158,297			(292,732)			(107,331)			—			758,234

(5)

The Peer Group total shareholder return (“TSR”) set forth in this table utilizes the Dow Jones U.S. Waste & Disposal Services Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the year ended December 31, 2023. The Company TSR and Peer Group TSR amounts assume $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the Dow Jones U.S. Waste & Disposal Services Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

(6)

We determined the EPS Metric to be the most important financial performance measure used to link Company performance to compensation actually paid to our PEO and Non-PEO NEOs in 2023. The EPS Metric is calculated from diluted earnings per share, adjusted for certain matters, and is a non-GAAP financial measure. For additional detail and reconciliations to the most directly comparable U.S. GAAP measures, see Appendix A to this proxy statement. This performance measure may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.

Company Selected Measure Name

EPS Metric

Named Executive Officers, Footnote

(1)	Cindy J. Miller was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are Janet H. Zelenka, Daniel V. Ginnetti, Kurt M. Rogers, and S. Cory White.

Peer Group Issuers, Footnote

(5)

The Peer Group total shareholder return (“TSR”) set forth in this table utilizes the Dow Jones U.S. Waste & Disposal Services Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the year ended December 31, 2023. The Company TSR and Peer Group TSR amounts assume $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and in the Dow Jones U.S. Waste & Disposal Services Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

PEO Total Compensation Amount

$ 7,290,832

$ 6,906,348

$ 6,655,585

$ 5,574,228

PEO Actually Paid Compensation Amount

$ 7,614,184

3,479,110

5,339,859

7,026,428

Adjustment To PEO Compensation, Footnote

(4)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts from the Summary Compensation Table total for the PEO and the average of the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column below are the amounts from the Stock Awards column set forth in the Summary Compensation Table. As permitted, information on the amounts excluded and included with respect to 2021 and 2020 have been omitted from the disclosure below and can be found in the proxy statement filed in 2023, but the amounts excluded and included with respect to 2022 are included due to the updated amounts as described in footnote (2) above.

	Year			Summary Compensation Table Total for PEO ($)			Exclusion of Stock Awards for PEO ($)			Inclusion of Equity Values for PEO ($)			Compensation Actually Paid to PEO ($)
	2023			7,290,832			(4,911,950)			5,235,303			7,614,184
	2022			6,906,348			(5,755,288)			2,328,050			3,479,110

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

	Year			Year-End Fair Value of Equity Awards Granted During Covered Year That Remained Unvested as of End of Covered Year for PEO ($)			Change in Fair Value from End of Prior Year to End of Covered Year of Unvested Equity Awards Granted in a Prior Year for PEO ($)			Change in Fair Value from End of Prior Year to Vesting Date of Equity Awards Granted in a Prior Year that Vested During the Covered Year for PEO ($)			Fair Value at End of Prior Year of Equity Awards Forfeited During Covered Year for PEO ($)			Total - Inclusion of Equity Values for PEO ($)
	2023			5,854,130			322,681			(941,508)			—			5,235,303
	2022			3,947,727			(1,222,599)			(397,078)			—			2,328,050

Non-PEO NEO Average Total Compensation Amount

$ 2,452,195

2,303,020

2,111,583

2,116,027

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,585,125

1,372,979

1,791,322

2,233,813

Adjustment to Non-PEO NEO Compensation Footnote

(4)

Compensation Actually Paid reflects the exclusions and inclusions of certain amounts from the Summary Compensation Table total for the PEO and the average of the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column below are the amounts from the Stock Awards column set forth in the Summary Compensation Table. As permitted, information on the amounts excluded and included with respect to 2021 and 2020 have been omitted from the disclosure below and can be found in the proxy statement filed in 2023, but the amounts excluded and included with respect to 2022 are included due to the updated amounts as described in footnote (2) above.

	Year			Summary Compensation Table Total for Non-PEO NEOs ($)			Exclusion of Stock Awards for Non-PEO NEOs ($)			Inclusion of Equity Values for Non-PEO NEOs ($)			Compensation Actually Paid to Non-PEO NEOs ($)
	2023			2,452,195			(1,421,405)			1,554,335			2,585,125
	2022			2,303,020			(1,688,275)			758,234			1,372,979

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

	Year			Year-End Fair Value of Equity Awards Granted During Covered Year That Remained Unvested at End of Covered Year for Non-PEO NEOs ($)			Change in Fair Value from End of Prior Year to End of Covered Year of Unvested Equity Awards Granted in a Prior Year for Non-PEO NEOs ($)			Change in Fair Value from End of Prior Year to Vesting Date of Equity Awards Granted in a Prior Year that Vested During the Covered Year for Non-PEO NEOs ($)			Fair Value at End of Prior Year of Equity Awards Forfeited During Covered Year for Non-PEO NEOs ($)			Total - Inclusion of Equity Values for Non-PEO NEOs ($)
	2023			1,694,749			111,474			(251,888)			—			1,554,335
	2022			1,158,297			(292,732)			(107,331)			—			758,234

Compensation Actually Paid vs. Total Shareholder Return

Relationship Between Compensation Actually Paid and TSR

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and TSR for the Company and the Dow Jones U.S. Waste & Disposal Index over the past four fiscal years.

Compensation Actually Paid vs. Net Income

Relationship Between Compensation Actually Paid and Net Income (Loss)

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our net income (loss) during the past four fiscal years.

Compensation Actually Paid vs. Company Selected Measure

Relationship Between Compensation Actually Paid and EPS Metric

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our EPS Metric during the past four fiscal years.

Total Shareholder Return Vs Peer Group

Relationship Between Compensation Actually Paid and TSR

The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and TSR for the Company and the Dow Jones U.S. Waste & Disposal Index over the past four fiscal years.

Tabular List, Table

Tabular List of Most Important Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking compensation actually paid to our PEO and other NEOs for 2023 to Company performance. The measures in this table are not ranked.

	Adjusted ROIC
	EBIT
	EPS Metric
	Free Cash Flow
	Relative Total Shareholder Return

Total Shareholder Return Amount

$ 77.67

78.19

93.46

108.65

Peer Group Total Shareholder Return Amount

156.7

136.56

144.6

104.81

Net Income (Loss)

$ (21,300,000)

$ 56,500,000

$ (26,800,000)

$ (55,900,000)

Company Selected Measure Amount | $ / shares

0.87

0.55

0.6

0.71

Cindy J. Miller

Cindy J. Miller

Cindy J. Miller

Cindy J. Miller

Pay vs Performance Disclosure

Adjusted ROIC

Pay vs Performance Disclosure

EBIT

Pay vs Performance Disclosure

EPS Metric

Non-GAAP Measure Description

(6)

We determined the EPS Metric to be the most important financial performance measure used to link Company performance to compensation actually paid to our PEO and Non-PEO NEOs in 2023. The EPS Metric is calculated from diluted earnings per share, adjusted for certain matters, and is a non-GAAP financial measure. For additional detail and reconciliations to the most directly comparable U.S. GAAP measures, see Appendix A to this proxy statement. This performance measure may not have been the most important financial performance measure for prior years and we may determine a different financial performance measure to be the most important financial performance measure in future years.

Pay vs Performance Disclosure

Free Cash Flow

Pay vs Performance Disclosure

Relative Total Shareholder Return

PEO | Exclusion of Stock Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (4,911,950)

$ (5,755,288)

PEO | Inclusion of Equity Values [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,235,303

2,328,050

PEO | Year-End Fair Value of Equity Awards Granted During Covered Year that Remained Unvested as of End of Covered Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,854,130

3,947,727

PEO | Change in Fair Value from End of Prior Year to End of Covered Year of Unvested Equity Awards Granted in a Prior Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

322,681

(1,222,599)

PEO | Change in Fair Value from End of Prior Year to Vesting Date of Equity Awards Granted in a Prior Year that Vested During the Covered Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(941,508)

(397,078)

PEO | Fair Value at End of Prior Year of Equity Awards Forfeited During Covered Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

Non-PEO NEO | Exclusion of Stock Awards [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,421,405)

(1,688,275)

Non-PEO NEO | Inclusion of Equity Values [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,554,335

758,234

Non-PEO NEO | Year-End Fair Value of Equity Awards Granted During Covered Year that Remained Unvested as of End of Covered Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,694,749

1,158,297

Non-PEO NEO | Change in Fair Value from End of Prior Year to End of Covered Year of Unvested Equity Awards Granted in a Prior Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

111,474

(292,732)

Non-PEO NEO | Change in Fair Value from End of Prior Year to Vesting Date of Equity Awards Granted in a Prior Year that Vested During the Covered Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(251,888)

(107,331)

Non-PEO NEO | Fair Value at End of Prior Year of Equity Awards Forfeited During Covered Year [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0