Sohi Mohsen 4

What Happened

• Sohi Mohsen, a director of STERIS plc (STE), exercised options on July 1, 2026 to purchase 3,781 ordinary shares at $71.40 per share (total exercise amount $269,963). As part of a cashless/net exercise, 1,837 of the resulting shares were surrendered to the company to cover the option price/tax withholding (valued at $212.30 per share, $389,995). The underlying option (3,781 shares) was converted/removed as part of the exercise. Net shares received = 3,781 − 1,837 = 1,944 shares.
• This is effectively an options exercise (code M) with a cashless tax/exercise withholding (code F). Exercises are a form of acquisition (not an open-market purchase), and the surrender of shares for withholding is routine.

Key Details

• Transaction date: 2026-07-01; filed: 2026-07-02 (appears timely).
• Option exercise: 3,781 shares exercised at $71.40/share (total $269,963).
• Withholding/surrender: 1,837 shares surrendered at $212.30/share (value $389,995) to cover exercise price/taxes.
• Net shares acquired: 1,944.
• Footnotes: F1 = net cashless stock option exercise (surrendered shares used to pay option price, valued at NYSE closing price); F2 = the option exercised was fully vested and originated from STERIS’s 2019 redomiciliation (an old option reissued with same terms).
• Shares owned after the transaction are not provided in the information you supplied.

Context

• For retail investors: this was an option exercise with a cashless/net settlement — Mohsen did not sell shares in an open market sale for investment liquidity, but surrendered a portion to satisfy exercise and tax obligations. The underlying option was fully vested and convertible per the 2019 redomiciliation terms. Such tax-withholding surrenders are common and do not necessarily signal a change in the insider’s view of the company.