Form 4: STERIS plc Executive Andrew Xilas Reports Share Transaction
SEC Form 4
Andrew Xilas, SVP and GM of Dental at STERIS plc, reports the withholding of 124 shares to cover taxes upon vesting of restricted shares on May 31, 2024.
Summary
- On May 31, 2024, Andrew Xilas, SVP and GM, Dental at STERIS plc, had 124 ordinary shares withheld to cover tax obligations.
- These shares were withheld from the 426 restricted shares that vested on May 31, 2024.
- The withheld shares were valued at $222.88 each, based on the NYSE closing market price on May 31, 2024.
- Following the transaction, Xilas beneficially owns 6,347 ordinary shares, with 2,486 of these shares being restricted.
- The restrictions on these ordinary shares lapse at various dates in June and October of 2024, 2025 and 2026.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/31/2023 | Date Mr. Xilas was awarded 426 ordinary shares. |
| 05/31/2024 | Date of transaction: 124 shares withheld for taxes from vested restricted shares; 426 restricted shares vested. |
| 06/03/2024 | 352 restricted shares lapse. |
| 10/01/2024 | 289 restricted shares lapse. |
| 06/02/2025 | 426 and 352 restricted shares lapse. |
| 10/01/2025 | 289 restricted shares lapse. |
| 06/01/2026 | 426 restricted shares lapse. |
| 06/02/2026 | 352 restricted shares lapse. |
| 06/04/2024 | Date of signature for the report. |
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