SVP Healthcare at STERIS sold 12,828 shares for $3.2M; reduced stake 53% to 11,372 shares post-transaction
Majors Cary L, SVP and President of Healthcare at STERIS, executed 2 separate sales on 2025-05-20 totaling 12,828 shares for $3,208,025.82 at a blended average price of $250.08, reducing his shareholding from 24,200 shares to 11,372 shares—a 53% reduction in holdings. The sales occurred near the 52-week high of $252.55, with current price at $243.80. His prior STE-specific transaction history shows minimal evidence of well-timed selling: his single prior sale at this ticker on 2024-06-05 was followed by a 90-day return of +5.9%, meaning the stock rose after he sold, indicating the prior trade was not well-timed. The substantial reduction in absolute share count and percentage of holdings, combined with execution at elevated price levels relative to the 52-week range, represents a material shift in insider exposure to the company.