Tamaro Renato 4

What Happened

Renato Tamaro, VP & Corporate Treasurer of STERIS plc (STE), received equity awards on June 2, 2026. The filing shows: (1) a grant of 750 ordinary shares (awarded at $0.00, restricted), (2) a grant of 2,620 derivative securities (award of options/other derivative, $0.00), and (3) 41 shares were withheld (disposed) to cover taxes from vesting, valued at $209.76 each for a total of about $8,600. The 41-share withholding came from 141 restricted shares that vested on June 2, 2026.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (within the normal two-business-day reporting window).
• Award prices: 750 shares and 2,620 derivative units reported at $0.00 (typical for granted awards); 41 shares withheld at $209.76/share (tax withholding), totaling ~$8,600.
• Shares/restrictions after the transaction: the filing notes 1,843 ordinary shares are restricted as of June 2, 2026 (see footnote F1).
• Vesting / exercisability (footnotes):
  • F1: Restricted-share lapse schedule: various small tranches between June 3, 2026 and June 4, 2029 (details in filing).
  • F2: 41 shares withheld from the 141 shares that vested on June 2, 2026 to satisfy tax withholding.
  • F3: The 2,620-option award becomes exercisable in four tranches of 655 shares on June 2, 2027; June 2, 2028; June 4, 2029; and June 3, 2030.
• Transaction codes in the filing: A = Award/Grant, F = Tax withholding (the 41-share "disposition" is tax withholding, not an open-market sale).

Context

This filing reflects compensation-related awards and routine tax withholding rather than an open-market buy or sell. The 750 shares are restricted awards (subject to vesting/transfer restrictions), and the 2,620 derivative units are option-like awards with multi-year exercisability — not immediately liquid. The 41 shares reported as disposed were withheld to cover taxes owed on vested shares, a common cashless withholding practice and not necessarily a signal of insider sentiment.