Form 4: STERIS plc Executive Renato Tamaro Reports Share Transaction
SEC Form 4 Filing
STERIS plc's V.P. & Corporate Treasurer, Renato Tamaro, reports the withholding of 72 shares for tax obligations following the vesting of restricted shares.
Summary
- On May 31, 2024, Renato Tamaro, V.P. & Corporate Treasurer of STERIS plc, had 72 ordinary shares withheld to cover tax obligations.
- This was due to the vesting of 241 restricted shares awarded on May 31, 2023.
- The shares were valued at $222.88 each, based on the NYSE closing market price on May 31, 2024.
- Following the transaction, Tamaro beneficially owns 6,605 ordinary shares, with 2,550 of them being restricted and vesting at various dates in the future.
Sentiment
Score: 7
Explanation: The document is a standard SEC filing related to executive compensation, indicating normal business operations. The sentiment is neutral to slightly positive as it reflects ongoing executive compensation plans.
Industry Context
This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation and does not significantly alter the company's financial position.
Key Dates
| Date | Description |
|---|---|
| October 30, 2023 | Date of Power of Attorney authorization for representatives to handle SEC filings. |
| May 31, 2023 | Date Mr. Tamaro was awarded 241 ordinary shares. |
| May 31, 2024 | Date of the share transaction (tax withholding) and vesting of restricted shares. |
| June 3, 2024 | Date of lapse of restrictions on 584, 282, and 432 ordinary shares. |
| June 2, 2025 | Date of lapse of restrictions on 241, 144, and 141 ordinary shares. |
| June 1, 2026 | Date of lapse of restrictions on 241 ordinary shares. |
| June 2, 2026 | Date of lapse of restrictions on 141 ordinary shares. |
| October 1, 2024 | Date of lapse of restrictions on 258 ordinary shares. |
| October 1, 2025 | Date of lapse of restrictions on 86 ordinary shares. |
| June 4, 2024 | Date of signature on the report. |
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