Form 4: STERIS plc VP & CAO Karen L. Burton Reports Routine Stock Dispositions for Tax Obligations

Karen L. Burton, VP & CAO of STERIS plc, reported the disposition of 229 ordinary shares on June 2, 2025, solely to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• Karen L. Burton, Vice President & Chief Accounting Officer of STERIS plc, filed a Form 4 detailing changes in her beneficial ownership of company ordinary shares.
• On June 2, 2025, Ms. Burton disposed of a total of 229 ordinary shares across three separate transactions, all at a price of $242.08 per share.
• These dispositions were 'F' transactions, indicating shares were withheld by the Issuer to satisfy tax withholding requirements upon the vesting of restricted stock units (RSUs).
• Specifically, 102 shares were withheld from 340 RSUs awarded on May 31, 2023; 59 shares from 196 RSUs awarded on June 2, 2021; and 68 shares from 225 RSUs awarded on June 2, 2022.
• Following these transactions, Ms. Burton beneficially owns 4,133 ordinary shares directly.
• As of June 3, 2025, 1,569 of these ordinary shares remain restricted, with vesting scheduled on various dates through June 4, 2027.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction related to executive compensation and tax obligations, not indicative of positive or negative company performance or insider sentiment.

Positives

• The transactions represent the vesting of previously awarded restricted stock units, indicating the fulfillment of long-term incentive compensation for the executive.
• The executive continues to hold a significant number of ordinary shares (4,133), including 1,569 restricted shares, aligning her interests with shareholders.

Negatives

• A total of 229 ordinary shares were disposed of, reducing the executive's direct ownership, although this was for tax purposes.

Future Outlook

Karen L. Burton has 1,569 restricted ordinary shares remaining, with vesting scheduled on various dates: 306 shares on June 4, 2025; 86 shares on October 1, 2025; 340 shares on June 1, 2026; 225 shares on June 2, 2026; 306 shares on June 4, 2026; and 306 shares on June 4, 2027.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, specifically the vesting of restricted stock units and the subsequent disposition of shares to cover tax liabilities. Such transactions are common across all industries for publicly traded companies that utilize equity-based compensation plans.

Stakeholder Impact

• Shareholders: The disposition of shares for tax purposes is a routine event and does not typically indicate a change in the company's fundamental outlook or the executive's confidence. It slightly reduces the executive's direct ownership but is offset by the vesting of long-term incentives.

Next Steps

• Future vesting of 1,569 restricted ordinary shares held by Ms. Burton on various dates through June 4, 2027.

Key Dates

Keywords

STERIS plc, STE, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Ownership, Tax Withholding, Corporate Officer