Form 4: Sotera Health Co. CFO Jonathan Lyons Reports Stock and Option Grants
SEC Form 4
Jonathan M. Lyons, CFO of Sotera Health Co., reports the acquisition of restricted stock units and stock options, as well as holdings of existing RSUs.
Summary
- Jonathan M. Lyons, the Senior Vice President and CFO of Sotera Health Co., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 4, 2024, Lyons acquired 41,124 Restricted Stock Units (RSUs) and 81,676 stock options.
- The RSUs vest annually in three equal installments starting March 2, 2025.
- The stock options also vest annually in three equal installments commencing March 2, 2025.
- Lyons also holds 118,091 RSUs.
- Lyons also holds 33,640 stock options granted on August 7, 2023, which vest annually commencing August 5, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of standard executive compensation. It doesn't inherently indicate positive or negative sentiment.
Positives
- The grant of RSUs and stock options to the CFO aligns his interests with those of the shareholders.
- The vesting schedules encourage long-term commitment from the CFO.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies.
Stakeholder Impact
- The grants align the CFO's interests with shareholders, potentially driving long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 07/06/2023 | Power of Attorney for Mr. Lyons filed as an exhibit to Form 3 |
| 08/07/2023 | Stock options granted to Mr. Lyons |
| 08/05/2024 | Stock options granted on August 7, 2023 vest annually commencing on this date |
| 03/04/2024 | Date of transaction: grant of RSUs and stock options |
| 03/02/2025 | RSUs and stock options granted on March 4, 2024 vest annually commencing on this date |
| 03/06/2024 | Date of Form 4 signature |
| 08/07/2033 | Expiration date of stock options |
| 03/04/2034 | Expiration date of stock options |
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