Madsen Julia 4
4 · STERIS plc · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
STERIS (STE) Sr. VP Julia Madsen Receives Equity Awards; Shares Withheld
What Happened Julia Madsen, Senior Vice President and GM, Life Sciences at STERIS plc, received equity awards on June 2, 2026: 2,316 ordinary shares (awarded) and an 8,080-share derivative award (grant). On the same date 127 shares were withheld to satisfy tax withholding requirements; those shares were valued at $209.76 each for a total withholding value of $26,640. The 127 withheld shares were taken from 352 restricted shares that vested on June 2, 2026.
Key Details
- Transaction date: June 2, 2026 (Form 4 filed June 4, 2026 — appears timely).
- Grants: 2,316 ordinary shares @ $0.00 (award); 8,080 derivative shares @ $0.00 (award/option-type grant).
- Tax withholding: 127 shares disposed (F) at $209.76 each = $26,640; these were withheld from 352 vested restricted shares (F2).
- Restricted/vesting specifics (F1): as of June 2, 2026, 5,398 ordinary shares are restricted; portions lapse on scheduled dates between June 2026 and June 2029 (detailed schedule in filing).
- Option exercisability (F3): the derivative award becomes exercisable in four tranches of 2,020 shares in 2027, 2028, 2029 and 2030.
- Shares owned after the transaction: total post-transaction holdings not specified beyond the restricted-share counts in footnotes.
- Transaction codes: A = award/grant; F = tax withholding.
Context This filing reflects compensation-related awards and routine tax withholding, not an open-market sale or purchase. The 127-share disposal was used solely to meet tax obligations (common with vested restricted shares) and does not on its own signal a directional view of the stock. The 8,080-share derivative award is subject to future vesting/exercise schedules outlined in the filing.
Insider Transaction Report
- Award
Ordinary Shares
[F1]2026-06-02+2,316→ 12,818 total - Tax Payment
Ordinary Shares
[F2][F1]2026-06-02$209.76/sh−127$26,640→ 12,691 total - Award
Employee Stock Option (right to buy)
[F3]2026-06-02+8,080→ 8,080 totalExercise: $230.74Exp: 2036-06-02→ Ordinary Shares (8,080 underlying)
Footnotes (3)
- [F1]As of June 2, 2026, 5,398 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 666 on June 3, 2026; 542 on June 4, 2026; 772 on June 2, 2027; 666 on June 3, 2027; 542 on June 4, 2027; 772 on June 2, 2028; 666 on June 5, 2028 and 772 on June 4, 2029.
- [F2]127 shares were withheld from the 352 restricted shares that vested on June 2, 2026. These 127 shares represent the value of the taxes required to be withheld pursuant to applicable employment or tax laws, as determined by the Issuer. These vested shares were valued at the NYSE closing market price on June 2, 2026.
- [F3]This option becomes exercisable as follows: 2,020 on June 2, 2027, 2,020 on June 2, 2028, 2,020 on June 4, 2029 and 2,020 on June 3, 2030.