Form 4: STERIS plc Executive Cary L. Majors Reports Share Transaction
SEC Form 4 Filing
Cary L. Majors, SVP and President, Healthcare at STERIS plc, reports the withholding of shares to cover tax obligations following the vesting of restricted shares.
Summary
- On June 3, 2024, Cary L. Majors, SVP and President, Healthcare at STERIS plc, reported a transaction involving ordinary shares of the company.
- 694 shares were withheld to cover tax obligations related to the vesting of 2,376 restricted shares on the same date.
- The withheld shares were valued at $228.37 each, based on the NYSE closing market price on June 3, 2024.
- Following the transaction, Majors directly owns 10,675 ordinary shares, with 7,493 of these being restricted and vesting at various dates in the future.
- Majors also indirectly owns 67 ordinary share equivalents through the STERIS Corporation 401(k) Plan as of May 31, 2024.
- A power of attorney is in place, authorizing Ronald E. Snyder and others to act on Majors' behalf for SEC filings.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. The sentiment is neutral to slightly positive as it indicates ongoing equity-based compensation.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and share ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares of STERIS plc.
- The transaction affects the reporting person's (Cary L. Majors) holdings in the company.
Key Dates
| Date | Description |
|---|---|
| June 1, 2020 | Date Mr. Majors was awarded 2,376 ordinary shares. |
| October 30, 2023 | Date of Power of Attorney authorization. |
| May 31, 2024 | Date of STERIS Corporation 401(k) Plan holdings. |
| June 3, 2024 | Date of share transaction (tax withholding) and vesting of restricted shares. |
| June 4, 2024 | Date of signature on the Form 4 filing. |
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