STE Form 4: John Zangerle vests 202 shares, retains 33,669 total
Rhea-AI Filing Summary
John Adam Zangerle, Senior Vice President, General Counsel and Secretary of STERIS plc (STE), reported that 202 restricted ordinary shares awarded on October 1, 2021 vested on October 1, 2025. Of those vested shares, 91 were withheld to satisfy tax withholding obligations, recorded as a disposition. After the transaction, Mr. Zangerle beneficially owns 33,669 ordinary shares. The filing notes 8,511 ordinary shares remain restricted with staggered lapse dates between June 1, 2026 and June 5, 2028. The Form 4 was signed by an authorized representative on October 3, 2025.
Positive
- 202 restricted shares vested on 10/01/2025, reflecting scheduled compensation
- Reporting person retains a substantial holding of 33,669 ordinary shares
Negative
- 91 shares were withheld to satisfy tax obligations (recorded as a disposition)
- 8,511 ordinary shares remain restricted with lapses through 06/05/2028
Insights
TL;DR: This is a routine vesting and tax-withholding disclosure, not an open-market sale.
This Form 4 shows a vesting event of 202 restricted shares on 10/01/2025 and the withholding of 91 shares to satisfy taxes, reported under transaction code F. The entry records a disposition only for withheld shares at $0 per share as a tax settlement, which is standard practice.
Because the filing documents compensatory share vesting and tax withholding, it does not indicate an open-market sale or purchase by the reporting person.
TL;DR: Insider still holds a material position with staggered restricted-share expirations.
Post-transaction beneficial ownership is reported as 33,669 shares. The filing discloses 8,511 restricted shares remaining, with specific lapse dates from June 1, 2026 through June 5, 2028, indicating continued alignment with company compensation schedules.
The structured vesting schedule and remaining restrictions are relevant to assessing future insider selling potential tied to restriction lapse dates.