Form 4: STERIS plc Executive Michael Tokich Reports Share Transaction
SEC Form 4 Filing
Michael Tokich, Sr. Vice President and CFO of STERIS plc, reports the withholding of 580 shares for tax obligations following the vesting of restricted shares.
Summary
- On May 31, 2024, Michael Tokich, Sr. Vice President and CFO of STERIS plc, reported a transaction involving ordinary shares of the company.
- 580 shares were withheld to cover tax obligations related to the vesting of 1,293 restricted shares 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, Mr. Tokich directly owns 41,884 ordinary shares and indirectly owns 3,557 ordinary share equivalents through the STERIS Corporation 401(k) Plan.
- 10,162 of the directly owned shares are restricted and will vest at various dates in the future.
Sentiment
Score: 7
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The sentiment is neutral to slightly positive due to the executive's continued holding of a significant number of shares.
Industry Context
This filing is a routine disclosure related to executive compensation and share ownership, common among publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive compensation matter.
Key Dates
| Date | Description |
|---|---|
| November 2, 2023 | Date of Power of Attorney signature authorizing representatives to file forms on behalf of Michael J. Tokich. |
| May 31, 2023 | Date Mr. Tokich was awarded 1,293 ordinary shares that vested on May 31, 2024. |
| May 31, 2024 | Date of share transaction: 580 shares withheld for taxes after vesting of restricted shares. |
| May 31, 2024 | Date of valuation of vested shares at NYSE closing market price of $222.88. |
| June 4, 2024 | Date of signature on the Form 4 filing. |
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