STERIS (STE) SVP Kenneth Kohler reports tax-withholding of shares on RSU vesting
Rhea-AI Filing Summary
STERIS plc senior executive reports routine tax withholding on vested shares. On June 1, 2026, SVP & GM, AST Kenneth E. Kohler had 109 ordinary shares withheld to cover taxes on 373 restricted shares that vested, with the value based on the NYSE closing price on that date.
After this disposition, he directly holds 9,533 ordinary shares, of which 3,141 are still restricted as of June 1, 2026 and scheduled to lapse in stages through June 5, 2028. The filing also corrects previously misreported beneficial ownership amounts.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding on RSU vesting; no open-market trading signal.
The transaction involves 109 ordinary shares withheld to satisfy tax obligations on 373 restricted shares that vested on June 1, 2026. The price is effectively the NYSE closing market price used to determine the tax value, not a voluntary sale.
Code F events are standard for equity awards and do not represent open-market buying or selling. Following this withholding, Kohler directly holds 9,533 ordinary shares, including 3,141 restricted shares with vesting dates extending to June 5, 2028, indicating an ongoing equity stake.
The footnote clarification that prior Form 4s misreported beneficially owned shares means this filing also cleans up historical ownership records. The economic signal is limited because there is no discretionary trade; it is a mechanical tax payment linked to compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 109 | $0.00 | -- |
Footnotes (1)
- 109 shares were withheld from the 373 restricted shares that vested on June 1, 2026. These 109 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, 3,141 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 225 on June 2, 2026; 630 on June 3, 2026; 513 on June 4, 2026; 630 on June 3, 2027; 513 on June 4, 2027 and 630 on June 5, 2028. The shares beneficially owned were erroneously reported in prior Form 4s. The shares held are being corrected in this Form 4 to reflect the current amount of shares beneficially owned.