Form 4: STERIS plc Executive John Adam Zangerle Reports Share Disposals for Tax Obligations
SEC Form 4 Filing
John Adam Zangerle, a Senior VP at STERIS plc, reported disposing of shares to cover tax obligations related to vesting restricted stock.
Summary
- On June 3, 2024, John Adam Zangerle, a Senior VP at STERIS plc, disposed of a total of 723 ordinary shares to cover tax obligations.
- These shares were withheld by the issuer to satisfy tax requirements related to the vesting of restricted stock awards.
- The disposals occurred at a price of $228.37 per share.
- Following these transactions, Zangerle directly owns 29,214 ordinary shares, with 5,229 of these shares being restricted.
- The restrictions on these ordinary shares lapse at various dates in the future.
Sentiment
Score: 7
Explanation: Neutral sentiment as it reflects routine transactions related to executive compensation and tax obligations.
Industry Context
This is a routine Form 4 filing, common for executives receiving stock-based compensation. It reflects standard practice for covering tax liabilities upon vesting.
Stakeholder Impact
- The share disposals have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/01/2020 | Date Mr. Zangerle was awarded 752 ordinary shares. |
| 06/02/2021 | Date Mr. Zangerle was awarded 819 ordinary shares. |
| 06/02/2022 | Date Mr. Zangerle was awarded 846 ordinary shares. |
| 06/03/2024 | Date of share disposals to cover tax obligations and vesting of restricted shares. |
| 06/05/2024 | Date of the report filing. |
| 10/01/2024 | 202 restricted ordinary shares lapse. |
| 06/02/2025 | 1,976 restricted ordinary shares lapse. |
| 10/01/2025 | 202 restricted ordinary shares lapse. |
| 06/01/2026 | 1,157 restricted ordinary shares lapse. |
| 06/02/2026 | 846 restricted ordinary shares lapse. |
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