Form 4: STERIS plc Executive Julia Madsen Reports Stock Transactions Following Vesting of Restricted Shares
SEC Form 4 Filing
Senior VP of Life Sciences at STERIS plc, Julia Madsen, reports the withholding of shares to cover tax obligations following the vesting of restricted stock awards.
Summary
- On June 5, 2024, Julia Madsen, Senior VP of Life Sciences at STERIS plc, filed a Form 4 detailing changes in her beneficial ownership of STERIS plc ordinary shares.
- The transactions occurred on June 3, 2024, and involved the withholding of shares to cover tax obligations related to the vesting of restricted stock awards.
- A total of 44 shares were withheld from 123 restricted shares that vested, 129 shares were withheld from 360 restricted shares that vested, and 126 shares were withheld from 352 restricted shares that vested, all at a price of $228.37 per share.
- Following these transactions, Ms. Madsen beneficially owns 8,045 ordinary shares, with 2,857 of these shares remaining restricted and vesting at various dates in the future.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common among publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 06/01/2020 | Date of original award of 123 restricted shares, 44 of which were withheld on June 3, 2024. |
| 06/02/2021 | Date of original award of 360 restricted shares, 129 of which were withheld on June 3, 2024. |
| 06/02/2022 | Date of original award of 352 restricted shares, 126 of which were withheld on June 3, 2024. |
| 06/03/2024 | Date of transaction: Shares withheld for taxes upon vesting of restricted stock. |
| 06/05/2024 | Date of Form 4 filing. |
| 10/01/2024 | 349 restricted shares will vest. |
| 10/01/2024 | 144 restricted shares will vest. |
| 06/02/2025 | 578 restricted shares will vest. |
| 06/02/2025 | 352 restricted shares will vest. |
| 06/02/2025 | 360 restricted shares will vest. |
| 10/01/2025 | 144 restricted shares will vest. |
| 06/01/2026 | 578 restricted shares will vest. |
| 06/02/2026 | 352 restricted shares will vest. |
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