Item 5. MARKET FOR REGISTRANT’S ORDINARY EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
4K characters. Original on sec.gov · Markdown
Item 5. MARKET FOR REGISTRANT’S ORDINARY EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information. Our ordinary shares are traded on the New York Stock Exchange under the symbol “STE.”
Holders. As of March 31, 2026, there were approximately 360 holders of record of our ordinary shares.
Dividend Policy. The Company’s Board of Directors decides the timing and amount of any dividends we may pay. The Board expects to be able to continue to pay cash dividends for the foreseeable future.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers.
On May 3, 2023 our Board of Directors terminated the previous share repurchase program then in effect and authorized a new share repurchase program (the “Outgoing Repurchase Program”) for the purchase of up to $500.0 million (exclusive of fees, commissions, and other charges), with no specified expiration date. As of March 31, 2026, there was $75.0 million (exclusive of fees, commissions, and other charges) of remaining availability under the Outgoing Repurchase Program.
Under the Outgoing Repurchase Program, the Company could repurchase its shares from time to time through open market purchases, including 10b5-1 plans. It also permitted share repurchases to be activated, suspended or discontinued at any time.
On May 5, 2026, the Board of Directors terminated the Outgoing Repurchase Program and authorized a new share repurchase program (the “New Repurchase Program”) for the purchase of up to $1,000.0 million (exclusive of fees, commissions, and other charges).
Under the New Repurchase Program, we may repurchase our shares from time to time through open market purchases, including 10b5-1 plans. Any share repurchases may be activated, suspended or discontinued at any time. There is no limitation on the number of shares that can be repurchased in a year and there is no expiration date for the New Repurchase Program.
During fiscal 2026, we repurchased 0.9 million of our ordinary shares for the aggregate amount of $225.0 million (exclusive of fees, commissions, and other charges) pursuant to authorizations under the Outgoing Repurchase Program. This does not include 27 shares purchased during the year at an average price of $247.66 per share by the STERIS Corporation 401(k) Plan on behalf of an executive officer of the Company who may be deemed to be an affiliated purchaser.
During fiscal 2026, we obtained 0.1 million of our ordinary shares in the aggregate amount of $12.5 million in connection with share-based compensation award programs.
The following table presents information with respect to purchases STERIS made of its ordinary shares under the Outgoing Repurchase Program during the fourth quarter of fiscal year 2026:
| Total Number of Shares Purchased (in millions) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans (in millions) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans at Period End (in millions) | |||||||||||||||||||||||
| January 1-31 | — | $ | — | — | $ | 150.0 | ||||||||||||||||||||
| February 1-28 | 0.2 | $ | 249.96 | 0.2 | 105.0 | |||||||||||||||||||||
| March 1-31 | 0.1 | $ | 239.27 | 0.1 | 75.0 | |||||||||||||||||||||
| Total | 0.3 | $ | 245.57 | 0.3 | $ | 75.0 |
Previous: Item 4. MINE SAFETY DISCLOSURES · Next: Item 6. [RESERVED]