Zangerle John Adam 4
Research Summary
AI-generated summary
STERIS (STE) General Counsel Withholds 401 Shares for Taxes
What Happened
John Adam Zangerle, Sr. VP, General Counsel and Secretary of STERIS plc, had 1,376 restricted shares vest on June 4, 2026. To satisfy tax withholding obligations, 401 of those vested shares were withheld by the company at the NYSE closing price of $212.24, representing approximately $85,108. The withholding (transaction code F) is a routine tax payment from vested equity, not an open-market sale.
Key Details
- Transaction date: June 4, 2026; report filed June 8, 2026.
- Withheld: 401 shares at $212.24 per share = $85,108 (value of shares withheld for taxes).
- Vesting: 1,376 restricted shares vested on June 4, 2026; net delivered to insider = 975 shares after withholding.
- Restricted shares remaining: As of June 8, 2026, 8,239 ordinary shares remain restricted; they vest in scheduled tranches between June 2027 and June 2029 (see filing for tranche schedule).
- Footnotes: F1 confirms the 401 shares were withheld to cover required taxes based on the NYSE close price; F2 lists the remaining restriction/vesting schedule.
- Filing timeliness: Reported on June 8 for the June 4 vesting (no late filing indication).
Context
This was a routine tax withholding related to vested restricted stock units (RSUs), not a discretionary sale or open-market transaction. Such withholdings are common when equity awards vest and do not on their own signal a change in insider sentiment. Transaction code F denotes payment of tax liabilities via share withholding.