Form 4: Louis Shapiro Receives 975 Career RSUs at STERIS (STE)

Rhea-AI Filing Summary

Louis Shapiro, a director of STERIS plc (STE), received a grant of 975 Career Restricted Stock Units on 08/08/2025, reported on Form 4. The RSUs are fully vested immediately and represent the right to receive one ordinary share each. Settlement is deferred until six months after the director ceases Board service. The Form 4 was filed as a single reporting person filing and signed by an authorized representative on 08/12/2025. No cash price was paid for these units and they are reported as direct beneficial ownership of 975 ordinary shares upon settlement.

Insights

Financial Analyst

TL;DR: Director received 975 immediately vested Career RSUs that convert to ordinary shares six months after leaving the board.

The grant of 975 Career Restricted Stock Units to Director Louis Shapiro is straightforward compensation-related equity. Because the units are fully vested on grant, the director has a current contractual right to shares, although actual issuance is delayed until six months after cessation of board service. The reported amount (975 shares) is modest in absolute terms and is unlikely to be material to STERIS's outstanding share base. This filing is a routine Section 16 disclosure reflecting equity compensation and does not indicate additional transactions such as sales or exercises.

Corporate Governance Expert

TL;DR: Immediate vesting of Career RSUs aligns retention/transition design; settlement timing preserves post-service alignment.

The use of Career Restricted Stock Units that vest immediately but settle only after six months post-service is consistent with governance practices that provide deferred settlement while granting present vested ownership rights. This structure can facilitate director retention and create a post-service holding period without imposing continued service requirements for vesting. The Form 4 disclosure appropriately reports the grant and the direct beneficial ownership. There are no indications in the filing of altered governance arrangements or related-party transactions beyond standard director compensation.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shapiro Louis

(Last) (First) (Middle)

70 SIR JOHN ROGERSON'S QUAY

(Street)

DUBLIN 2 L2 D02 R296

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STERIS plc [ STE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Career Restricted Stock Units	(1)	08/08/2025		A		975		(2)	(2)	Ordinary Shares	975	$0	975	D

Explanation of Responses:

1. Each Career Restricted Stock Unit represents the right to receive one STERIS ordinary share six months after the cessation of the Director's Board service.

2. These Career Restricted Stock Units are fully vested immediately. They will be settled in STERIS ordinary shares six months after the cessation of the Director's Board service.

Remarks:

	/s/ John P. Ubbing, Authorized Representative under Power of Attorney	08/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did STERIS director Louis Shapiro receive according to the Form 4?

He received 975 Career Restricted Stock Units (RSUs) on 08/08/2025.

Are the RSUs vested and when will they convert to shares?

The RSUs are fully vested immediately and will be settled in STERIS ordinary shares six months after the director ceases Board service.

Was any cash paid for the RSUs and how are they reported?

No cash price was reported; the Form 4 shows $0 price and reports direct beneficial ownership of 975 shares upon settlement.

When was the Form 4 filed and who signed it?

The transaction date was 08/08/2025 and the Form 4 was filed with an authorized representative signature on 08/12/2025.

Does the filing show any sales or dispositions of securities by the director?

No. The filing reports an acquisition (A) of Career RSUs and no disposals are listed.