Form 4: STERIS plc Executive Cary L. Majors Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Cary L. Majors, SVP and President, Healthcare at STERIS plc, exercised stock options and sold shares on June 5, 2024.
Summary
- On June 5, 2024, Cary L. Majors, a Senior Vice President and President, Healthcare at STERIS plc, executed transactions involving STERIS plc ordinary shares.
- Majors exercised an employee stock option to acquire 4,932 ordinary shares at a price of $114.22 per share.
- Simultaneously, Majors sold 4,932 ordinary shares at a weighted average price of $229.63 per share, with individual transactions ranging from $229.2550 to $229.9900.
- Following these transactions, Majors directly owns 13,054 ordinary shares and indirectly owns 67 ordinary share equivalents through the STERIS Corporation 401(k) Plan.
- Of the directly owned shares, 9,872 are restricted and will vest over time between June 2025 and June 2027.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The filing provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of units representing 67 ordinary share equivalents held on behalf of the Reporting Person under the STERIS Corporation 401(k) Plan |
| 06/05/2024 | Date of stock option exercise and share sale. |
| 06/07/2024 | Date of signature of the report. |
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