Form 4: STERIS plc Executive Sells Shares to Cover Tax Obligations
SEC Form 4
John Adam Zangerle, a Senior VP at STERIS plc, disposed of 91 ordinary shares to cover tax obligations related to vested restricted shares.
Summary
- On October 1, 2024, John Adam Zangerle, a Senior Vice President, General Counsel, and Secretary of STERIS plc, disposed of 91 ordinary shares to cover tax obligations.
- The shares were withheld from 202 restricted shares that vested on October 1, 2024.
- The transaction was executed at a price of $235.78 per share.
- Following the transaction, Zangerle beneficially owns 33,251 ordinary shares, of which 9,155 are restricted and will vest at various dates in the future.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction for tax purposes, which is neutral to slightly positive as it indicates the executive is receiving compensation in the form of shares.
Industry Context
This is a routine Form 4 filing, reflecting an insider's transaction to cover tax obligations arising from vested restricted shares, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| October 1, 2021 | Date when 202 ordinary shares were awarded to Mr. Zangerle. |
| October 1, 2024 | Date of the transaction where 91 shares were disposed of to cover tax obligations and 202 shares vested. |
| June 2, 2025 | Date when 1,157 restricted ordinary shares lapse. |
| June 2, 2025 | Date when 819 restricted ordinary shares lapse. |
| June 2, 2025 | Date when 846 restricted ordinary shares lapse. |
| June 4, 2025 | Date when 1,376 restricted ordinary shares lapse. |
| October 1, 2025 | Date when 202 restricted ordinary shares lapse. |
| June 1, 2026 | Date when 1,157 restricted ordinary shares lapse. |
| June 2, 2026 | Date when 846 restricted ordinary shares lapse. |
| June 4, 2026 | Date when 1,376 restricted ordinary shares lapse. |
| June 4, 2027 | Date when 1,376 restricted ordinary shares lapse. |
| October 02, 2024 | Date of signature for the report. |
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