FELDMANN CYNTHIA L 4

What Happened

• Cynthia L. Feldmann, a director of STERIS plc (STE), exercised 3,098 fully vested nonqualified stock options and then sold the 3,098 shares in the open market on 2026-03-05. The options were exercised at $152.32 per share (total reported exercise cost $471,887) and the shares were sold at a weighted average price of $237.21 per share (total proceeds $734,877). The sequence is effectively a cashless exercise (exercise followed by immediate sale).

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-06.
• Exercise: 3,098 shares at $152.32 each; reported acquisition value $471,887. (F3: options are fully vested and exercisable immediately.)
• Sale: 3,098 shares sold at weighted avg $237.21; proceeds $734,877. (F1: sale prices ranged $237.16–$237.33; weighted average used.)
• Derivative reporting: the filing also shows a derivative disposition entry related to the exercise (reported at $0.00), reflecting conversion/exercise of the option.
• Shares owned after the transaction: not specified in the provided filing summary.
• Ownership/holding note: ordinary shares are held in a revocable trust with Ms. Feldmann and her husband as trustees (F2).
• No 10b5‑1 plan or late‑filing indication is stated in the provided data.

Context

• This is a routine insider liquidity transaction: exercising vested options and immediately selling the resulting shares. Such cashless exercises are common for option holders to cover exercise costs, taxes, and fees and do not by themselves indicate the insider’s longer‑term view. The options exercised were nonqualified and fully vested per the filing.