Form 4: STERIS plc Executive Disposes of Shares for Tax Obligations Following Restricted Stock Vesting
Insider Transaction Report
Renato Tamaro, VP & Corporate Treasurer of STERIS plc, reported the disposition of 165 ordinary shares to cover tax withholdings upon the vesting of restricted stock awards.
Summary
- Renato Tamaro, the V.P. & Corporate Treasurer of STERIS plc (STE), reported transactions involving the disposition of ordinary shares.
- On June 2, 2025, a total of 165 ordinary shares were disposed of at a price of $242.08 per share.
- These dispositions represent shares withheld by the Issuer to cover tax obligations related to the vesting of restricted stock awards.
- Specifically, 72 shares were withheld from 241 restricted shares awarded on May 31, 2023, that vested on June 2, 2025.
- An additional 51 shares were withheld from 144 restricted shares awarded on June 2, 2021, that vested on June 2, 2025.
- Furthermore, 42 shares were withheld from 141 restricted shares awarded on June 2, 2022, that vested on June 2, 2025.
- Following these transactions, Mr. Tamaro beneficially owns 6,636 ordinary shares.
- As of June 3, 2025, 1,131 of these ordinary shares remain restricted, with various vesting dates extending through June 4, 2027.
Sentiment
Score: 5
Explanation: The document reports a routine insider transaction related to executive compensation and tax withholding, which is neutral in sentiment and does not indicate positive or negative operational or financial performance.
Future Outlook
The document details the future vesting schedule for 1,131 restricted ordinary shares held by Mr. Tamaro, with restrictions lapsing on various dates between June 4, 2025, and June 4, 2027.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically the disposition of shares to cover tax obligations upon the vesting of restricted stock. Such transactions are common across all industries for executives receiving equity compensation and do not typically reflect a change in strategic direction or operational performance.
Related Party Transactions
- Disposition of shares by Renato Tamaro, an officer of STERIS plc, to the Issuer for tax withholding purposes related to restricted stock vesting.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, tax-related transaction and not a discretionary sale or purchase indicating a change in insider sentiment.
- Employees: Reflects standard equity compensation practices for executives.
Next Steps
- Lapse of restrictions on 221 ordinary shares on June 4, 2025.
- Lapse of restrictions on 86 ordinary shares on October 1, 2025.
- Lapse of restrictions on 241 ordinary shares on June 1, 2026.
- Lapse of restrictions on 141 ordinary shares on June 2, 2026.
- Lapse of restrictions on 221 ordinary shares on June 4, 2026.
- Lapse of restrictions on 221 ordinary shares on June 4, 2027.
Key Dates
| Date | Description |
|---|---|
| 2021-06-02 | Date 144 ordinary shares were awarded to Mr. Tamaro. |
| 2022-06-02 | Date 141 ordinary shares were awarded to Mr. Tamaro. |
| 2023-05-31 | Date 241 ordinary shares were awarded to Mr. Tamaro. |
| 2025-06-02 | Transaction Date; Date of earliest transaction; Date restricted shares vested and shares were withheld for taxes. |
| 2025-06-03 | Date as of which 1,131 ordinary shares are restricted. |
| 2025-06-04 | Date 221 restricted shares lapse; Date the Form 4 was signed and filed. |
| 2025-10-01 | Date 86 restricted shares lapse. |
| 2026-06-01 | Date 241 restricted shares lapse. |
| 2026-06-02 | Date 141 restricted shares lapse. |
| 2026-06-04 | Date 221 restricted shares lapse. |
| 2027-06-04 | Date 221 restricted shares lapse. |
Keywords
STERIS plc, STE, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Share Disposition, Tax Withholding, Executive Compensation, Renato Tamaro
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