Form 4: STERIS plc CFO Michael Tokich Reports Stock Option Exercise and Share Sales
SEC Form 4 Filing
STERIS plc's CFO, Michael Tokich, executed stock options and sold shares in multiple transactions on September 13 and 16, 2024, according to a Form 4 filing with the SEC.
Summary
- Michael Tokich, the Senior Vice President and CFO of STERIS plc, reported transactions involving the company's ordinary shares.
- On September 13, 2024, Tokich exercised stock options to acquire 3,119 shares at a price of $114.22 per share and sold the same amount at a weighted average price of $248.02 per share.
- On September 16, 2024, he exercised options for 20,213 shares at $114.22 per share.
- He then sold 10,316 shares at a weighted average price of $243.53, 3,485 shares at $244.55, 5,985 shares at $245.79, and 427 shares at $247.08.
- Following these transactions, Tokich directly owns 42,930 ordinary shares and indirectly owns 3,566 shares through the STERIS Corporation 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions and provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- The filing provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| March 2019 | STERIS plc redomiciled to Ireland, granting Tokich an option to purchase shares. |
| 09/10/2024 | Units representing 3,566 ordinary share equivalents are held on behalf of the Reporting Person under the STERIS Corporation 401(k) Plan. |
| 09/13/2024 | Tokich exercised options and sold 3,119 shares. |
| 09/16/2024 | Tokich exercised options for 20,213 shares and sold 14,713 shares in multiple transactions. |
| 09/17/2024 | Date of the Form 4 filing. |
| 05/31/2028 | Expiration date of the employee stock options. |
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