Michael J. Tokich - 23 Dec 2021 Form 4 Insider Report for STERIS plc (STE)

Role: Sr. Vice Pres., CFO
Signature: /s/ Ronald E. Snyder, Authorized Representative under Power of Attorney
Issuer symbol: STE
Transactions as of: 23 Dec 2021
Net transactions value: -$5,108,400
Form type: 4
Filing time: 27 Dec 2021, 15:32:14 UTC
Previous filing: 25 Oct 2021
Next filing: 08 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STE	Ordinary Shares	Options Exercise	$2,091,600	+30,000	+65%	$69.72	76,444	23 Dec 2021	Direct	F1
transaction	STE	Ordinary Shares	Sale	$7,200,000	-30,000	-39%	$240.00	46,444	23 Dec 2021	Direct	F1, F2, F3
holding	STE	Ordinary Shares						3,484	23 Dec 2021	See Footnote Below	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	STE	Employee Stock Option (right to buy)	Options Exercise	$0	+30,000		$0.000000^*	0	23 Dec 2021	Ordinary Shares	30,000	$69.72	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	12,340 of these ordinary shares are restricted. The restrictions on these ordinary shares lapse as follows: 4,240 on May 31, 2022; 2,780 on May 31, 2023; 2,452 on June 3, 2024; 1,719 on June 3, 2024; 432 on October 1, 2024; 573 on June 2, 2025 and 144 on October 1, 2025.
F2	This exercise of stock options and sale of a total of 30,000 ordinary shares is pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on June 4, 2021.
F3	Price reflects a weighted average sale price for multiple transactions ranging from $240.00 to $240.04 per share, inclusive. The Reporting Person undertakes to provide, upon request by the SEC Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4	Units representing 3,484 ordinary share equivalents are held on behalf of the Reporting Person under the STERIS Corporation 401(k) Plan as of December 23, 2021.
F5	This option to purchase 30,000 STERIS ordinary shares, which is fully vested, was received in conjunction with the Redomiciliation of the entity organized under the laws of the U.K. and formerly named STERIS plc ("Old STERIS") in exchange for an option to purchase 30,000 Old STERIS ordinary shares for $69.72 per share, subject to the same terms and conditions as the original Old STERIS stock option, except as otherwise required by law.