Form 4: STERIS VP & CAO Karen Burton Reports Routine Tax-Related Share Disposition
Insider Transaction Report
STERIS plc's VP & CAO, Karen L. Burton, reported the disposition of 92 ordinary shares on June 4, 2025, to cover tax obligations related to the vesting of restricted stock.
Summary
- Karen L. Burton, VP & CAO of STERIS plc, reported a transaction involving ordinary shares on June 4, 2025.
- A total of 92 ordinary shares were disposed of at a price of $242.1 per share.
- This disposition was a mandatory withholding of shares to cover tax liabilities upon the vesting of 306 restricted shares.
- The 306 restricted shares that vested on June 4, 2025, were originally awarded to Ms. Burton on June 4, 2024.
- Following this transaction, Ms. Burton beneficially owns 5,994 ordinary shares.
- Of the beneficially owned shares, 3,216 are restricted and are scheduled to vest on various dates between October 1, 2025, and June 5, 2028.
Sentiment
Score: 5
Explanation: The filing reports a routine tax-related disposition of shares upon vesting of restricted stock, which is a neutral event reflecting standard executive compensation practices and does not indicate a change in company fundamentals or outlook.
Positives
- The vesting of restricted shares indicates the successful retention and ongoing compensation of a key executive, Karen L. Burton, VP & CAO.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The transaction involves the vesting of restricted stock awarded to a company officer (Karen L. Burton, VP & CAO) as part of her executive compensation package.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and compensation practices, which is a standard disclosure for publicly traded companies.
Next Steps
- Remaining restricted shares held by Ms. Burton are scheduled to vest on various future dates: 86 shares on October 1, 2025; 340 shares on June 1, 2026; 225 shares on June 2, 2026; 651 shares on June 3, 2026; 306 shares on June 4, 2026; 651 shares on June 3, 2027; 306 shares on June 4, 2027; and 651 shares on June 5, 2028.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date when 306 ordinary shares were awarded to Ms. Burton. |
| 06/04/2025 | Date when 306 restricted shares vested and 92 shares were withheld for taxes; transaction date. |
| 06/06/2025 | Signature date of the Form 4 filing. |
| 10/01/2025 | Vesting date for 86 restricted shares. |
| 06/01/2026 | Vesting date for 340 restricted shares. |
| 06/02/2026 | Vesting date for 225 restricted shares. |
| 06/03/2026 | Vesting date for 651 restricted shares. |
| 06/04/2026 | Vesting date for 306 restricted shares. |
| 06/03/2027 | Vesting date for 651 restricted shares. |
| 06/04/2027 | Vesting date for 306 restricted shares. |
| 06/05/2028 | Vesting date for 651 restricted shares. |
Recommendation
holdKeywords
STERIS, STE, Form 4, insider transaction, share disposition, restricted stock, executive compensation, tax withholding
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