Form 4: STERIS plc Director Kosecoff Exercises Stock Options and Sells Shares
SEC Form 4
Director Jacqueline B Kosecoff exercised stock options and sold shares of STERIS plc on May 13, 2024.
Summary
- On May 13, 2024, Jacqueline B Kosecoff, a director of STERIS plc, exercised stock options to acquire 4,584 ordinary shares at a price of $51.53 per share.
- Simultaneously, Kosecoff sold 4,584 ordinary shares at a weighted average price of $231.53, with individual transactions ranging from $231.3719 to $231.74 per share.
- Following these transactions, Kosecoff directly owns no ordinary shares and indirectly owns 26,639 ordinary shares through a revocable family trust.
Sentiment
Score: 5
Explanation: This is a neutral event. A director exercising options and selling shares is a common occurrence and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock options as part of their compensation and may exercise and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| March 2019 | STERIS plc redomiciled to Ireland, granting the director stock options. |
| 05/13/2024 | Director exercised stock options and sold shares. |
| 05/15/2024 | Date of signature for the Form 4 filing. |
| 08/06/2024 | Expiration date of the Director Stock Option. |
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