Form 4: STERIS plc Executive Michael Tokich Reports Share Transactions
SEC Form 4 Filing
Michael Tokich, Sr. Vice President and CFO of STERIS plc, reports the withholding of shares to cover tax obligations upon vesting of restricted shares.
Summary
- On October 1, 2024, Michael Tokich, Sr. Vice President and CFO of STERIS plc, had 194 ordinary shares withheld to cover tax obligations.
- These shares were withheld from the 432 restricted shares that vested on October 1, 2024, at a price of $235.78 per share.
- As of October 1, 2024, Mr. Tokich directly owns 42,736 ordinary shares, with 7,854 of these shares being restricted and vesting at various dates in the future.
- He also indirectly owns 3,575 ordinary share equivalents through the STERIS Corporation 401(k) Plan.
- The report was filed on October 2, 2024, by John P. Ubbing, Authorized Representative under Power of Attorney.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure of transactions by company insiders. It provides transparency into the trading activities of executives and their holdings in the company.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 10/01/2021 | Date the 432 ordinary shares were awarded to Mr. Tokich |
| 10/01/2024 | Date of the reported transaction (share withholding for taxes) and vesting of restricted shares. |
| 10/01/2024 | Date of share amounts held by Mr. Tokich |
| 10/02/2024 | Date the Form 4 was filed. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.