STERIS (STE) VP McGowan reports restricted share vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STERIS plc executive Lindsey McGowan reported routine share updates related to vesting of restricted stock and associated tax withholding. On June 1, 2026, 660 restricted shares vested, and 198 of those shares were withheld to cover taxes, a non-market "F" code tax-withholding disposition.
After these transactions, McGowan directly holds 4,830 ordinary shares, including 3,090 restricted shares subject to future vesting through January 2, 2029. In addition, 255 ordinary share equivalent units are held on her behalf in the STERIS Corporation 401(k) Plan. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McGowan Lindsey
Role
VP, Chf. Comp. & Quality Offc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 198 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 4,830 shares (Direct, null);
Ordinary Shares — 255 shares (Indirect, See Footnote Below)
Footnotes (1)
- 198 shares were withheld from the 660 restricted shares that vested on June 1, 2026. These 198 shares represent the value of the taxes required to be withheld pursuant to applicable employment or tax laws, as determined by the Issuer. These vested shares were valued at the NYSE closing market price on June 1, 2026. As of June 1, 2026, 3,090 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 1,128 on June 2, 2026; 588 on June 4, 2027; 576 on June 3, 2028 and 798 on January 2, 2029. Units representing 255 ordinary share equivalents are held on behalf of the Reporting Person under the STERIS Corporation 401(k) Plan as of May 29, 2026.
Key Figures
Restricted shares vested: 660 shares
Shares withheld for taxes: 198 shares
Direct shares after transaction: 4,830 shares
+3 more
6 metrics
Restricted shares vested
660 shares
Restricted ordinary shares vested on June 1, 2026
Shares withheld for taxes
198 shares
Tax-withholding disposition from vested restricted shares
Direct shares after transaction
4,830 shares
Ordinary shares held directly following June 1, 2026 transaction
Restricted shares outstanding
3,090 shares
Restricted ordinary shares remaining as of June 1, 2026
Next vesting tranche
1,128 shares
Restricted shares scheduled to vest on June 2, 2026
401(k) share equivalents
255 units
Ordinary share equivalents in STERIS Corporation 401(k) Plan as of May 29, 2026
Key Terms
restricted shares, tax-withholding disposition, NYSE closing market price, 401(k) Plan, +1 more
5 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
NYSE closing market price financial
"These vested shares were valued at the NYSE closing market price on June 1, 2026."
401(k) Plan financial
"Units representing 255 ordinary share equivalents are held on behalf of the Reporting Person under the STERIS Corporation 401(k) Plan as of May 29, 2026."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transaction did STERIS (STE) executive Lindsey McGowan report?
Lindsey McGowan reported a routine tax-withholding disposition of 198 ordinary shares. These shares were withheld from 660 restricted shares that vested on June 1, 2026, to satisfy tax obligations, rather than sold in the open market.
Does the STERIS (STE) Form 4 show any open-market buying or selling by McGowan?
The Form 4 does not show any open-market purchases or sales by Lindsey McGowan. The only disposition reported is 198 shares withheld for tax liability, classified under transaction code F, which is a non-market, administrative tax-withholding event.