Form 4: Sotera Health CFO Jonathan Lyons Reports Stock Transactions

Sotera Health's CFO, Jonathan Lyons, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• On August 5, 2024, Sotera Health Co. CFO Jonathan M. Lyons had 7,659 shares of common stock withheld by the issuer to satisfy tax obligations.
• This was due to the vesting of 25,655 Restricted Stock Units (RSUs), representing 33% of the RSU awards granted on August 7, 2023.
• The price per share was $14.22 on August 5, 2024.
• Following the transaction, Lyons beneficially owns 110,432 shares, consisting of 92,436 RSUs and 17,996 shares of common stock.
• Lyons also holds stock options for 81,676 shares at an exercise price of $14.59, granted on March 4, 2024, vesting in three equal installments starting March 2, 2025.
• Additionally, he holds stock options for 33,640 shares at an exercise price of $16.89, granted on August 7, 2023, vesting in three equal installments starting August 5, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation practices.

Future Outlook

The stock options vest annually in three equal installments commencing on March 2, 2025, and August 5, 2024, subject to the Reporting Person's continued service through each such date.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• Vesting schedules and tax withholding practices are standard components of these compensation plans.
• Companies like Medtronic and Steris also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency into executive compensation and ownership.
• The transaction has a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates