Madsen Julia 4

What Happened
Julia Madsen, Senior Vice President and General Manager, Life Sciences at STERIS (STE), had 195 ordinary shares withheld on June 4, 2026 to satisfy tax withholding obligations tied to the vesting of restricted shares. The withheld shares were valued at the NYSE closing price of $212.24 per share, for a total of $41,387. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: June 4, 2026; filing date (Form 4): June 8, 2026 (timely filed).
• Price/value: $212.24 per share; 195 shares withheld; total value $41,387.
• Vesting: 195 shares were withheld from 542 restricted shares that vested on June 4, 2026 (footnote F1).
• Shares remaining/restrictions: As of June 8, 2026, 4,190 ordinary shares are restricted. Remaining restrictions lapse as follows: 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 (footnote F2).
• Transaction code: F = payment of exercise price or tax liability (here, tax withholding). Filing labels this disposition as "Disposed" due to the share withholding.

Context
This was a routine cashless tax-withholding event tied to vested RSUs — common when restricted shares vest and the company withholds some shares to cover taxes. It should not be interpreted as an open-market sale or a directed bet on the stock; it reflects withholding required by employment/tax rules.