STERIS plc·4

Jun 8, 4:31 PM ET

Carestio Daniel A 4

Research Summary

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STERIS (STE) CEO Daniel Carestio Sells Shares

What Happened

  • Daniel A. Carestio, President & CEO of STERIS plc, disposed of a total of 6,317 ordinary shares in early June 2026, with aggregate proceeds/values of about $1,347,720. The activity included 1,889 shares withheld to satisfy tax withholding on vested restricted stock (valued at $400,921) and two open‑market sales of 3,054 shares ($655,511) and 1,374 shares ($291,288).

Key Details

  • Transactions and prices:
    • June 4, 2026: 1,889 shares withheld for taxes at $212.24/share (value $400,921) — tax withholding on vesting (code F).
    • June 4, 2026: 3,054 shares sold open market at $214.64/share (proceeds $655,511) (code S).
    • June 5, 2026: 1,374 shares sold open market at $212.00/share (proceeds $291,288) (code S).
  • Post-transaction restricted holdings: Form notes 39,893 ordinary shares are restricted as of June 8, 2026, with remaining restriction lapse schedule: 7,912 on June 2, 2027; 5,937 on June 3, 2027; 4,283 on June 4, 2027; 7,912 on June 2, 2028; 5,937 on June 5, 2028; and 7,912 on June 4, 2029. (These are restricted-share counts, not total beneficial ownership.)
  • Footnotes: 1,889 shares were withheld from the 4,283 restricted shares that vested on June 4, 2026; the withheld shares were valued at the NYSE closing price on June 4, 2026.
  • Filing timeliness: Transactions occurred June 4–5 and the Form 4 was filed June 8, 2026. Form 4s are generally due within two business days of the transaction, so this filing appears to be later than the typical deadline.

Context

  • The 1,889‑share disposition was a tax withholding tied to the vesting of restricted stock (a routine administrative step), while the other dispositions were open‑market sales. Sales by executives are common and do not, by themselves, prove a change in sentiment about the company.