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Stericycle Executive Compensation (FY23)

SRCL · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Cindy Miller
Latest say-on-pay support
=
May 16, 2023
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (DEF 14A): April 5, 2024
10 filings cited on this page
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271 figures on this page: 263 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Cindy Miller: $7,136,003 → $7,290,832 (2.2% higher)
CEO pay ratio: 127:1 → 117:1 (7.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Stericycle's chief executive and what were they paid?
Cindy Miller was paid $7,290,832 in total compensation as President and Chief Executive Officer for fiscal 2023. Miller's total moved 2.2% higher from the $7,136,003 reported for fiscal 2022.
What was Stericycle's say-on-pay result?
For fiscal 2022, the say-on-pay proposal drew 97.7% support at the meeting held May 16, 2023.
Which companies are in Stericycle's peer group?
The disclosed peer group includes ABM Industries Incorporated, Casella Waste Systems, Inc., Cintas Corporation, Clean Harbors, Inc. and Ecolab Inc., among others.
What is Stericycle's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2023 is 117:1, against median employee compensation of $62,462.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cindy Miller
President and Chief Executive Officer
◇—◇—◇—◇◇
Janet Zelenka
Executive Vice President, Chief Financial Officer and Chief Information Officer
◇—◇—◇—◇◇
Daniel Ginnetti
Executive Vice President, International
◇—◇—◇—◇◇
Kurt Rogers
Executive Vice President and General Counsel
◇—◇—◇—◇◇
S. Cory White
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Cindy Miller
President and Chief Executive Officer
◇—◇—◇—◇◇
Janet Zelenka
Executive Vice President, Chief Financial Officer and Chief Information Officer
◇—◇—◇—◇◇
Daniel Ginnetti
Executive Vice President, International
◇—◇—◇—◇◇
Kurt Rogers
Executive Vice President and General Counsel
◇—◇—◇—◇◇
S. Cory White
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Cindy J. MillerRSU◇——◇——◇
Cindy J. MillerPSU◇◇◇—◇—◇
Cindy J. MillerPSU◇◇◇—◇—◇
Daniel V. GinnettiPSU◇◇◇—◇—◇
Daniel V. GinnettiPSU◇◇◇—◇—◇
Daniel V. GinnettiRSU◇——◇——◇
Janet H. ZelenkaPSU◇◇◇—◇—◇
Janet H. ZelenkaRSU◇——◇——◇
Janet H. ZelenkaPSU◇◇◇—◇—◇
Kurt M. RogersPSU◇◇◇—◇—◇
Kurt M. RogersRSU◇——◇——◇
Kurt M. RogersPSU◇◇◇—◇—◇
S. Cory WhiteRSU◇——◇——◇
S. Cory WhitePSU◇◇◇—◇—◇
S. Cory WhitePSU◇◇◇—◇—◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Cindy MillerRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇3/12/2027
PSU◇◇——
RSU◇◇——
Janet ZelenkaRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Daniel GinnettiRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Kurt RogersRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
S. Cory WhiteRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Cindy Miller
President and Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Daniel Ginnetti
Executive Vice President, International · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Janet Zelenka
Executive Vice President, Chief Financial Officer and Chief Information Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Kurt Rogers
Executive Vice President and General Counsel · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
S. Cory White
Executive Vice President and Chief Commercial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert S. Murley
Board chair
◇◇————◇
Naren K. Gursahaney
◇◇————◇
Brian P. Anderson
◇◇————◇
Lynn D. Bleil
◇◇————◇
James L. Welch
◇◇————◇
Stephen C. Hooley
◇◇————◇
Thomas F. Chen
◇◇————◇
J. Joel Hackney, Jr
◇◇————◇
Victoria L. Dolan
◇◇————◇
Kay G. Priestly
◇—————◇
Cindy J. Miller served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2023
  • ABM Industries Incorporated ABM
  • Casella Waste Systems, Inc. CWST
  • Cintas Corporation CTAS
  • Clean Harbors, Inc. CLH
  • Ecolab Inc. ECL
  • Healthcare Services Group, Inc. HCSG
  • Iron Mountain Incorporated IRM
  • Pitney Bowes, Inc. PBI
  • Republic Services, Inc. RSG
  • Rollins, Inc. ROL
  • Tetra Tech, Inc. TTEK
  • The Brink s Company BCO
  • UniFirst Corporation UNF
  • Waste Connections, Inc. WCN
  • Waste Management, Inc. WM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2022May 16, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 26, 2021=◇◇◇
2019May 22, 2020=◇◇◇
2018May 22, 2019=◇◇◇
2017May 23, 2018=◇◇◇
2016May 24, 2017=◇◇◇
2015May 25, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Cindy Miller (President and Chief Executive Officer), FY2023 total compensation $7,290,832 (base salary $1,068,860) [exec_comp, SEC accession 0001140361-24-018163, filed 2024-04-05]

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What this page does not include

Everything above is a fact Stericycle disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Stericycle sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
271 figures on this page: 263 cited to the filing that reported them, 8 calculated from figures it prints.
263 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001140361-24-018163
    2023 Grants of Plan-Based Awards · 2023 Outstanding Equity Awards at Fiscal Year-End · 2023 SUMMARY COMPENSATION TABLE · Compensation Discussion and Analysis · and 1 more section
  2. 0001628280-23-018897
    Item 5.07 Submission of Matters to a Vote of Security Holders
  3. 0001140361-23-015112
    2022 SUMMARY COMPENSATION TABLE
  4. 0001628280-22-015919
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001628280-21-011236
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001564590-20-027095
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001564590-19-020338
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-18-014432
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001564590-17-011806
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-16-020140
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Stericycle executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/SRCL (accessed 2026).
Short form: data: Velarion

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10 filings cited on this page
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Peers Stericycle discloses

The companies named in SRCL's own disclosed peer group.

ABM Industries IncorporatedCasella Waste Systems, Inc.Cintas CorporationClean Harbors, Inc.Ecolab Inc.Healthcare Services Group, Inc.Iron Mountain IncorporatedPitney Bowes, Inc.Republic Services, Inc.Rollins, Inc.Tetra Tech, Inc.The Brink s CompanyUniFirst CorporationWaste Connections, Inc.Waste Management, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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