Form 4: STERIS plc Executive Reports Routine Stock Vesting and Tax Withholding

Mary Clare Fraser, SVP & Chief HRO of STERIS plc, reported the vesting of restricted shares and the subsequent withholding of shares for tax obligations, a standard insider transaction.

Summary

• Mary Clare Fraser, SVP & Chief HRO of STERIS plc (STE), reported a transaction on June 2, 2025, involving the disposition of ordinary shares.
• A total of 548 ordinary shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted stock.
• These 548 shares were part of 1,836 restricted shares that vested on June 2, 2025, which were originally awarded to Ms. Fraser on June 2, 2021.
• The shares withheld for tax purposes were valued at the NYSE closing market price of $242.08 per share on June 2, 2025.
• Following this transaction, Ms. Fraser beneficially owns 10,584 ordinary shares directly.
• As of June 3, 2025, 7,073 of these ordinary shares remain restricted, with vesting schedules as follows: 692 shares on October 1, 2025; 2,313 shares on June 1, 2026; 2,028 shares on June 2, 2026; and 2,040 shares on June 4, 2027.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes related to executive compensation, with no direct positive or negative implications for company performance or outlook.

Positives

• The vesting of restricted shares indicates the fulfillment of long-term incentive compensation for a key executive.
• The transaction reflects a routine and expected process for executive compensation and tax compliance.

Negatives

• The disposition of shares was solely for tax withholding purposes, not a voluntary sale by the executive.

Future Outlook

The document outlines future vesting dates for Ms. Fraser's remaining restricted shares, indicating continued long-term incentive alignment.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies, reflecting standard executive compensation practices involving restricted stock units and tax withholdings upon vesting.

Stakeholder Impact

• Shareholders: This is a routine insider transaction that provides transparency into executive stock ownership and compensation, generally not impacting share price significantly.

Next Steps

• Future vesting of 692 restricted shares on October 1, 2025.
• Future vesting of 2,313 restricted shares on June 1, 2026.
• Future vesting of 2,028 restricted shares on June 2, 2026.
• Future vesting of 2,040 restricted shares on June 4, 2027.

Key Dates

Keywords

STERIS plc, STE, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Vesting, Tax Withholding