Karen L. Burton - Mar 29, 2022 Form 4 Insider Report for STERIS plc (STE)

Role: VP, Controller & CAO
Signature: /s/ Ronald E. Snyder, Authorized Representative under Power of Attorney
Stock symbol: STE
Transactions as of: Mar 29, 2022
Transactions value $: -$675,720
Form type: 4
Date filed: 3/31/2022, 06:07 PM
Previous filing: Feb 17, 2022
Next filing: Jun 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STE	Ordinary Shares	Options Exercise	$308K	+4K	+62.75%	$77.07	10.4K	Mar 29, 2022	Direct
transaction	STE	Ordinary Shares	Sale	-$984K	-4K	-38.55%	$246.00	6.38K	Mar 29, 2022	Direct	F1

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	-4K	-100%	$0.00^*	0	Mar 29, 2022	Ordinary Shares	4K	$77.07	Direct	F2

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

Explanation of Responses:

Id	Content
F1	This exercise of stock options and sale of a total of 4,000 ordinary shares is pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on February 18, 2022.
F2	This option to purchase 4,000 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 4,000 Old STERIS ordinary shares for $77.07 per share, subject to the same terms and conditions as the original Old STERIS stock option, except as otherwise required by law.

Content

This exercise of stock options and sale of a total of 4,000 ordinary shares is pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on February 18, 2022.

This option to purchase 4,000 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 4,000 Old STERIS ordinary shares for $77.07 per share, subject to the same terms and conditions as the original Old STERIS stock option, except as otherwise required by law.