in Rutland, Vermont, and our Montpelier, Vermont facility, and provide for aggregate monthly payments by us of $28,877, subject to an annual escalation provision based on increases in the
consumer price index, through their expiration in August 2023.
From 1977 to 1992, we operated an unlined landfill located in Whitehall,
New York, owned by Bola, Inc., a corporation owned by Messrs. John Casella and Douglas Casella, which operated as a single-purpose real estate holding company. We paid the cost of closing this landfill in 1992 and have agreed to pay all post-closure
obligations. From January 1, 2021 to December 31, 2021, we paid an aggregate of $12,221 pursuant to this arrangement. As of December 31, 2021, we had accrued $14,108 for costs related to those post-closure obligations.
In connection with Mr. Douglas Casellas service as President of Casella Waste Management, Inc., our wholly owned subsidiary, in
fiscal 2021 we granted Mr. Douglas Casella a restricted stock unit award with a grant date fair value of $164,985.
Michael Casella,
the son of Mr. John Casella, is employed by the Company as market area manager. From January 1, 2021 through December 31, 2021, Mr. Michael Casella earned $210,864 as salary, bonus, and other benefits related to his
employment and received a restricted stock unit award with a grant date fair value of $15,981.
Elizabeth Casella, the daughter of
Mr. John Casella, is employed by the Company as Director of Development and Coordination. From January 1, 2021 through December 31, 2021, Ms. Casella earned $265,577 as salary, bonus, and other benefits related to her
employment and received a restricted stock unit award with a grant date fair value of $18,181.
We have entered into employment agreements
with certain of our officers. See Executive and Director Compensation and Related Matters Potential Payments Upon Termination or Change of Control Employment Agreements.
Communicating with the Independent Directors
Our Board will give appropriate attention to written communications that are submitted by stockholders, and will respond if and as
appropriate. Our Lead Director, with the assistance of our Chief Financial Officer and General Counsel, is primarily responsible for monitoring communications from stockholders and for providing copies or summaries to the other directors as he
considers appropriate.
Communications are forwarded to all directors if they relate to important substantive matters and include
suggestions or comments that our Lead Director considers to be important for the directors to know. In general, communications relating to corporate governance and long-term corporate strategy are more likely to be forwarded than communications
relating to ordinary business affairs, personal grievances and matters as to which we receive repetitive or duplicative communications.
Stockholders who wish to send communications on any topic to our Board should address such communications to: Board of Directors, Attn:
Corporate Secretary, Casella Waste Systems, Inc., 25 Greens Hill Lane, Rutland, Vermont 05701.
Restrictions on Hedging Transactions and Pledging
Transactions
We have an insider trading policy that is applicable to our employees and directors. The policy prohibits those
individuals, and their family members and certain other persons and entities with whom they have relationships, from engaging in the following activities: short sales of our securities, including short sales against the box; purchases or
sales of puts, calls or other derivative securities based on our securities; and
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