# EDGAR Filing Document

**Accession Number:** 0001823513
**File Stem:** 0000911177-23-000019
**Filing Date:** 2023-2
**Character Count:** 7459
**Document Hash:** 940a64598c6268e5847de731f19426a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000911177-23-000019.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000911177-23-000019

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230222

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Sayward Shelley E.
- **CENTRAL INDEX KEY:** 0001823513

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-23211
- **FILM NUMBER:** 23667204

**MAIL ADDRESS:**
- **STREET 1:** C/O CASELLA WASTE SYSTEMS, INC.
- **STREET 2:** 25 GREENS HILL LANE
- **CITY:** RUTLAND
- **STATE:** VT
- **ZIP:** 05701
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CASELLA WASTE SYSTEMS INC
- **CENTRAL INDEX KEY:** 0000911177
- **STANDARD INDUSTRIAL CLASSIFICATION:** REFUSE SYSTEMS [4953]
- **IRS NUMBER:** 030338873
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 25 GREENS HILL ROAD
- **CITY:** RUTLAND
- **STATE:** VT
- **ZIP:** 05701
- **BUSINESS PHONE:** 8027750325

**MAIL ADDRESS:**
- **STREET 1:** 25 GREENS HILL ROAD
- **CITY:** RUTLAND
- **STATE:** VT
- **ZIP:** 05701

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Sayward Shelley E.<br><sub>(Last) (First) (Middle)</sub><br>25 GREENS HILL LANE<br><sub>(Street)</sub><br>RUTLAND, VT 05701<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-22 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_SENIOR VP & GENERAL COUNSEL_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>CASELLA WASTE SYSTEMS INC [ CWST ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-02-22 |  | A |  | 1567<sup>(1)</sup> | A | $0 | 14640 | D |  |
| Class A Common Stock | 2023-02-23 |  | S<sup>(2)</sup> |  | 341 | D | 75.39<sup>(3)</sup> | 14299 | D |  |
| Class A Common Stock | 2023-02-23 |  | S<sup>(2)</sup> |  | 153 | D | 76.22<sup>(4)</sup> | 14146 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Represents shares of Class A Common Stock acquired by the reporting person upon the vesting of performance-based stock units (PSUs) granted to the reporting person on March 12, 2020, as a result of the level of achievement by Casella Waste Systems, Inc. of certain performance objectives during the period running from January 1, 2022 through December 31, 2022, and a multiplier based on relative total shareholder return for the period running from January 1, 2020 to December 31, 2022.

(2) Represents shares of Class A Common Stock automatically sold by the reporting person to satisfy tax withholding obligations in connection with the vesting of PSUs granted to the reporting person on March 12, 2020. The automatic sale of the reporting person's shares of Class A Common Stock is provided for in a performance-based stock unit agreement constituting a "sell-to-cover transaction" intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934 and the sale does not represent a discretionary trade by the reporting person.

(3) Represents the weighted average sales price for shares sold in multiple transactions, ranging from $74.89 to $75.88. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

(4) Represents the weighted average sales price for shares sold in multiple transactions, ranging from $75.89 to $76.86. Upon request of the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

**Signature:** /s/ Shelley E. Sayward  
**Date:** 2023-02-24

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**