Form 4: STERIS plc Executive Kenneth Kohler Reports Share Transaction
SEC Form 4 Filing
Kenneth Kohler, SVP & GM at STERIS plc, reports the withholding of 112 shares for tax obligations following the vesting of restricted shares.
Summary
- On May 31, 2024, Kenneth Kohler, SVP & GM of AST at STERIS plc, had 112 ordinary shares withheld to cover tax obligations.
- These shares were withheld from 373 restricted shares that vested on the same date.
- The withheld shares were valued at $222.88 each, based on the NYSE closing market price on May 31, 2024.
- Following the transaction, Kohler beneficially owns 2,098 ordinary shares, with 1,837 of these being restricted.
- The restrictions on these shares lapse at various dates in June 2024, May 2025, June 2025, May 2026 and June 2026.
Sentiment
Score: 5
Explanation: This is a neutral report on an insider share transaction, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and share vesting, common among publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 05/31/2023 | Date Mr. Kohler was awarded 373 ordinary shares. |
| 05/31/2024 | Date of transaction: 112 shares withheld for taxes from vested restricted shares; 373 restricted shares vested. |
| 06/01/2024 | 154 restricted shares lapse. |
| 06/02/2024 | 131 and 225 restricted shares lapse. |
| 05/31/2025 | 373 restricted shares lapse. |
| 06/02/2025 | 131 and 225 restricted shares lapse. |
| 05/31/2026 | 373 restricted shares lapse. |
| 06/02/2026 | 225 restricted shares lapse. |
| 06/04/2024 | Date of report filing. |
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