Casella Waste Systems, Inc. Announces President and CFO Appointment and Stock Option Grant

Strategic Insights -

Casella Waste Systems, Inc. has appointed Edmond R. Coletta as its President and Chief Financial Officer, effective July 1, 2022. In connection with his promotion, Mr. Coletta entered into an amended and restated employment agreement with the company. Additionally, the company's Board of Directors approved the grant of a stock option award to Mr. Coletta to purchase 75,000 shares of the company's Class A common stock.

Key Takeaways:

  • Edmond R. Coletta was appointed as President and Chief Financial Officer of Casella Waste Systems, Inc. effective July 1, 2022.
  • Mr. Coletta entered into an amended and restated employment agreement with the company in connection with his promotion.
  • The company's Board of Directors approved the grant of a stock option award to Mr. Coletta to purchase 75,000 shares of the company's Class A common stock.
  • The stock option will have an exercise price equal to the closing price of the company's Class A Common Stock on the Grant Date (August 1, 2022).
  • The option will vest in five equal annual installments on each of the first five anniversaries of the Grant Date.
  • The company is based in Rutland, Vermont, and its shares are listed on the Nasdaq Global Select Market.

Statistics:

  • The stock option award granted to Mr. Coletta has a total value of 75,000 shares of the company's Class A common stock.
  • The exercise price of the option will be $[insert closing price of the company's Class A Common Stock on August 1, 2022].
  • The option will have a vesting period of five years, with annual vesting installments.

Sources:

  • Form 8-K (Current Report) filed by Casella Waste Systems, Inc. with the Securities and Exchange Commission on July 29, 2022.
  • Amendment to Form 8-K (Amendment No. 2) filed by Casella Waste Systems, Inc. with the Securities and Exchange Commission on June 22, 2022.