Tuesday, September 12, 2017 10:15 PM ET
Insider Selling at Steris (STE) Continues with Significant Sale
There was a substantial sale of shares of Steris by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Richard Martin Steeves, Director — disposed of 156,072 shares in the company having a market value of approximately $13,598,288. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 4,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 160,072 shares and have averaged 80,036 shares per transaction over this time period.
Steris insider trading represents a level of buy/sell trades that is above for the 79 peer company average over the last 90-day period. The Medical Equipment, Supplies & Distribution peer group saw 75 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Steris insiders was also higher. Within the peer group there were 364,596 shares purchased and 761,260 shares sold with company insiders having sold 5,289 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in evaluating and writing this story.
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