STERIS director exercises options for 3,781 shares
STERIS plc director Mohsen Sohi exercised a fully vested option to purchase 3,781 ordinary shares at $71.40 per share, an award originally received in connection with the company’s 2019 redomiciliation.
Rhea-AI Filing Summary
STERIS plc director Mohsen Sohi exercised a fully vested option to purchase 3,781 ordinary shares at $71.40 per share, an award originally received in connection with the company’s 2019 redomiciliation. In a net cashless exercise, options relating to 1,837 shares were surrendered to pay the option price. After these transactions, he directly owned 24,305 ordinary shares. The filing indicates the transactions were not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,781 shares exercised/converted
Exercise
3 txns
Insider
Sohi Mohsen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (right to buy) | 3,781 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 3,781 | $71.40 | $270K |
| Exercise Price or Tax Liability | Ordinary Shares | 1,837 | $212.30 | $390K |
Holdings After Transaction:
Director Stock Option (right to buy) — 0 contracts (Direct);
Ordinary Shares — 24,305 shares (Direct)
Footnotes (2)
- F1. Net - Cashless Stock Option Exercise - Options to purchase 1,837 shares were surrendered to the Company for payment of the option price. Options surrendered were valued based on the Company stock closing market price on the NYSE on the day on which the Net - Cashless Stock Option Exercise occurred.
- F2. This option to purchase 3,781 STERIS plc ordinary shares, which is fully vested, was received in connection with the redomiciliation of STERIS plc to Ireland in March 2019 in exchange for an option to purchase 3,781 ordinary shares for $71.40 per share in STERIS plc prior to the redomiciliation ("Old STERIS"), subject to the same terms and conditions as the original Old STERIS stock option.
Key Figures
Options exercised: 3,781 shares
Option exercise price: $71.40 per share
Shares involved in cashless exercise: 1,837 shares
+4 more
7 metrics
Options exercised
3,781 shares
Director stock option exercised into ordinary shares
Option exercise price
$71.40 per share
Exercise price of fully vested option for 3,781 shares
Shares involved in cashless exercise
1,837 shares
Options relating to 1,837 shares surrendered to pay option price
Valuation price for surrendered portion
$212.30 per share
Price used for securities delivered for exercise price or tax liability
Post-transaction holdings
24,305 shares
Ordinary shares directly owned by Mohsen Sohi after transactions
Option expiration date
2026-08-10
Expiration of director stock option that was exercised
Transaction date
2026-07-01
Date of option exercise and related surrender
Key Terms
Net - Cashless Stock Option Exercise, Director Stock Option, tax-withholding disposition, redomiciliation
4 terms
Net - Cashless Stock Option Exercise financial
"Net - Cashless Stock Option Exercise - Options to purchase 1,837 shares were surrendered"
Director Stock Option financial
"security_title: Director Stock Option (right to buy)"
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.
redomiciliation regulatory
"received in connection with the redomiciliation of STERIS plc to Ireland in March 2019"
Redomiciliation is when a company legally changes its country of incorporation while keeping the same business and assets, like moving a house to a new neighborhood but keeping the same furniture. Investors care because the company then follows a different set of laws and tax rules, which can change shareholder rights, reporting standards, dividend treatment and the ease of trading the stock, potentially affecting risk and return.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did STERIS (STE) director Mohsen Sohi report in this Form 4?
Mohsen Sohi reported exercising a fully vested option for 3,781 STERIS ordinary shares at $71.40 per share in a net cashless transaction, surrendering options tied to 1,837 shares and ending with 24,305 shares held directly.
What was the exercise price of Mohsen Sohi’s STERIS (STE) stock options?
The reported exercise price was $71.40 per share for an option covering 3,781 STERIS ordinary shares. This option was fully vested and originated from an award tied to the company’s redomiciliation completed in March 2019.
Was Mohsen Sohi’s STERIS (STE) option exercise under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked, indicating these transactions were not reported as executed under a pre-arranged Rule 10b5-1 trading plan, but rather as discretionary activity on the reported transaction date.
What does a net cashless stock option exercise mean in the STERIS (STE) filing?
A net cashless stock option exercise means options, here relating to 1,837 shares, were surrendered to the company to pay the option exercise price, rather than paying cash, while the remaining option shares were issued as stock to the director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
