Madsen Julia 4

What Happened
Julia Madsen, Senior Vice President and GM, Life Sciences at STERIS (STE), had 666 restricted shares vest on June 3, 2026. To cover required taxes, 239 of those vested shares were withheld (transaction code F) at a closing price of $210.19 per share, totaling $50,235. This withholding appears as a disposition on the Form 4 but is a routine tax-withholding event associated with vesting, not a voluntary sale.

Key Details

• Transaction date: June 3, 2026. Form 4 filed: June 5, 2026 (appears timely).
• Withheld shares: 239 shares; price: $210.19; total value withheld: $50,235. (Code F = tax withholding)
• These 239 shares were withheld from 666 restricted shares that vested on June 3, 2026.
• As of June 3, 2026, 4,732 ordinary shares remain subject to restrictions. Vesting schedule per filing: 542 on Jun 4, 2026; 772 on Jun 2, 2027; 666 on Jun 3, 2027; 542 on Jun 4, 2027; 772 on Jun 2, 2028; 666 on Jun 5, 2028; and 772 on Jun 4, 2029.
• No indication of a 10b5-1 plan or gift; this is tax withholding tied to RSU vesting.

Context
Tax-withholding on vested restricted shares is a common, administrative transaction and does not necessarily reflect the insider’s view of the stock. Because the shares were withheld to satisfy tax obligations (a cashless-like settlement), this is not the same as an open-market sale or a purchase and typically carries no strong trading signal for investors.