Cover
Cover | 12 Months Ended |
Mar. 31, 2023 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | STERIS plc |
Entity Central Index Key | 0001757898 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Mar. 31, 2021 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Pay Versus P a c e We are providing the following information about the relationship between “compensation actually paid” to our named executive officers and certain financial performance as required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K. PAY VERSUS PERFORMANCE(1) Year (a) Summary (b) SCT Total for (b) Compensation (Carestio) (c)(2) Compensation (Rosebrough) (c)(2) Average Non-PEO (d) Average Non-PEO (e)(2) Value of Initial Net (h)(5) EBIT – in (i)(6) Total (f)(3) Peer (g)(4) 2023 $ 7,740,184 — $ 2,167,818 — $ 2,053,642 $ 15,524 $ 144.07 $ 176.92 $ 107,030 $ 1,170,001 2022 $ 5,903,168 $ 1,156,398 $ 11,823,596 $ 9,584,917 $ 2,354,427 $ 5,031,228 $ 178.09 $ 183.84 $ 243,888 $ 1,076,769 2021 — $ 6,847,109 — $ 20,016,406 $ 2,336,554 $ 5,591,256 $ 138.50 $ 167.11 $ 397,400 $ 699,380 (1) Daniel J. Carestio was our principal executive officer (“PEO”) for the full year for fiscal 2023 and from July 29, 2021 through the end of fiscal year 2022. Walter M Rosebrough, Jr. was our PEO for the full year for fiscal 2021 and from the beginning of fiscal year 2022 until July 29, 2021. For fiscal year 2023, our non-PEO non-PEO non-PEO (2) For each of fiscal 2023, 2022 and 2021 (each, a “Covered Year”), in determining both the “compensation actually paid” to our PEOs and the average “compensation actually paid” to our non-PEO Item and Value Added (Deducted) 2023 2022 2021 For Daniel A. Carestio (as PEO) - SCT “Stock Awards” column value $ (2,154,084 ) $ (1,397,772 ) — - SCT “Option Awards” column value $ (4,000,598 ) $ (2,870,787 ) — + year-end $ 4,709,722 $ 7,347,026 — +/- change in fair value of outstanding equity awards granted in prior years $ (3,235,090 ) $ 2,796,409 — + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ (950,771 ) $ 12,373 — - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year $ 58,455 $ 33,179 — TOTAL ADDED (DEDUCTED): $ (5,572,366 ) $ 5,920,428 — For Walter M Rosebrough, Jr. (as PEO) - SCT “Stock Awards” column value — — $ (1,468,984 ) - SCT “Option Awards” column value — — $ (2,729,173 ) + year-end — — $ 6,017,324 +/- change in fair value of outstanding equity awards granted in prior years — $ 8,482,009 $ 8,273,815 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year — $ (87,822 ) $ 3,032,925 - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year — $ 34,333 $ 43,391 TOTAL ADDED (DEDUCTED): — $ 8,428,519 $ 13,169,297 For Non-PEO - SCT “Stock Awards” column value $ (557,389 ) $ (527,733 ) $ (508,049 ) - SCT “Option Awards” column value $ (814,151 ) $ (843,644 ) $ (711,762 ) + year-end $ 1,058,610 $ 2,282,600 $ 1,712,974 +/- change in fair value of outstanding equity awards granted in prior years $ (1,380,326 ) $ 1,754,107 $ 2,185,114 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ (365,275 ) $ (5,442 ) $ 551,610 - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year $ 20,412 $ 16,913 $ 24,815 TOTAL ADDED (DEDUCTED): $ (2,038,118 ) $ 2,676,802 $ 3,254,702 (3) For each Covered Year, our total shareholder return was calculated as the yearly percentage change in our cumulative total shareholder return on our Ordinary Shares measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for the period beginning with our closing price on NYSE on March 31, 2020 through and including the last day of the Covered Year (each one-year, two-year Year-end (4) For purposes of this pay versus performance disclosure, our peer group is the Dow Jones U.S. Medical Supplies Index fixed dividend t . (5) Net income is calculated in accordance with U.S. GAAP. (6) EBIT is a non-GAAP | ||
Company Selected Measure Name | EBIT | ||
Named Executive Officers, Footnote [Text Block] | Daniel J. Carestio was our principal executive officer (“PEO”) for the full year for fiscal 2023 and from July 29, 2021 through the end of fiscal year 2022. Walter M Rosebrough, Jr. was our PEO for the full year for fiscal 2021 and from the beginning of fiscal year 2022 until July 29, 2021. For fiscal year 2023, our non-PEO non-PEO non-PEO | ||
Peer Group Issuers, Footnote [Text Block] | For purposes of this pay versus performance disclosure, our peer group is the Dow Jones U.S. Medical Supplies Index fixed dividend t . | ||
Adjustment To PEO Compensation, Footnote [Text Block] | For each of fiscal 2023, 2022 and 2021 (each, a “Covered Year”), in determining both the “compensation actually paid” to our PEOs and the average “compensation actually paid” to our non-PEO Item and Value Added (Deducted) 2023 2022 2021 For Daniel A. Carestio (as PEO) - SCT “Stock Awards” column value $ (2,154,084 ) $ (1,397,772 ) — - SCT “Option Awards” column value $ (4,000,598 ) $ (2,870,787 ) — + year-end $ 4,709,722 $ 7,347,026 — +/- change in fair value of outstanding equity awards granted in prior years $ (3,235,090 ) $ 2,796,409 — + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ (950,771 ) $ 12,373 — - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year $ 58,455 $ 33,179 — TOTAL ADDED (DEDUCTED): $ (5,572,366 ) $ 5,920,428 — For Walter M Rosebrough, Jr. (as PEO) - SCT “Stock Awards” column value — — $ (1,468,984 ) - SCT “Option Awards” column value — — $ (2,729,173 ) + year-end — — $ 6,017,324 +/- change in fair value of outstanding equity awards granted in prior years — $ 8,482,009 $ 8,273,815 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year — $ (87,822 ) $ 3,032,925 - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year — $ 34,333 $ 43,391 TOTAL ADDED (DEDUCTED): — $ 8,428,519 $ 13,169,297 For Non-PEO - SCT “Stock Awards” column value $ (557,389 ) $ (527,733 ) $ (508,049 ) - SCT “Option Awards” column value $ (814,151 ) $ (843,644 ) $ (711,762 ) + year-end $ 1,058,610 $ 2,282,600 $ 1,712,974 +/- change in fair value of outstanding equity awards granted in prior years $ (1,380,326 ) $ 1,754,107 $ 2,185,114 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ (365,275 ) $ (5,442 ) $ 551,610 - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year $ 20,412 $ 16,913 $ 24,815 TOTAL ADDED (DEDUCTED): $ (2,038,118 ) $ 2,676,802 $ 3,254,702 | ||
Non-PEO NEO Average Total Compensation Amount | $ 2,053,642 | $ 2,354,427 | $ 2,336,554 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 15,524 | 5,031,228 | 5,591,256 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | For each of fiscal 2023, 2022 and 2021 (each, a “Covered Year”), in determining both the “compensation actually paid” to our PEOs and the average “compensation actually paid” to our non-PEO Item and Value Added (Deducted) 2023 2022 2021 For Daniel A. Carestio (as PEO) - SCT “Stock Awards” column value $ (2,154,084 ) $ (1,397,772 ) — - SCT “Option Awards” column value $ (4,000,598 ) $ (2,870,787 ) — + year-end $ 4,709,722 $ 7,347,026 — +/- change in fair value of outstanding equity awards granted in prior years $ (3,235,090 ) $ 2,796,409 — + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ (950,771 ) $ 12,373 — - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year $ 58,455 $ 33,179 — TOTAL ADDED (DEDUCTED): $ (5,572,366 ) $ 5,920,428 — For Walter M Rosebrough, Jr. (as PEO) - SCT “Stock Awards” column value — — $ (1,468,984 ) - SCT “Option Awards” column value — — $ (2,729,173 ) + year-end — — $ 6,017,324 +/- change in fair value of outstanding equity awards granted in prior years — $ 8,482,009 $ 8,273,815 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year — $ (87,822 ) $ 3,032,925 - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year — $ 34,333 $ 43,391 TOTAL ADDED (DEDUCTED): — $ 8,428,519 $ 13,169,297 For Non-PEO - SCT “Stock Awards” column value $ (557,389 ) $ (527,733 ) $ (508,049 ) - SCT “Option Awards” column value $ (814,151 ) $ (843,644 ) $ (711,762 ) + year-end $ 1,058,610 $ 2,282,600 $ 1,712,974 +/- change in fair value of outstanding equity awards granted in prior years $ (1,380,326 ) $ 1,754,107 $ 2,185,114 + vesting date fair value of equity awards granted and vested in Covered Year — — — +/- change in fair value of prior-year equity awards vested in Covered Year $ (365,275 ) $ (5,442 ) $ 551,610 - prior year-end — — — + includable dividends/earnings on equity awards during Covered Year $ 20,412 $ 16,913 $ 24,815 TOTAL ADDED (DEDUCTED): $ (2,038,118 ) $ 2,676,802 $ 3,254,702 | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | |||
Compensation Actually Paid vs. Net Income [Text Block] | |||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
Total Shareholder Return Vs Peer Group [Text Block] | |||
Tabular List [Table Text Block] | Fiscal 2023 Tabular List The following table lists all of the financial performance measures that we used to link compensation actually paid to our named executive officers for fiscal 2023 to our performance. Financial Performance Measure: EBIT Free Cash Flow | ||
Total Shareholder Return Amount | $ 144.07 | 178.09 | 138.5 |
Peer Group Total Shareholder Return Amount | 176.92 | 183.84 | 167.11 |
Net Income (Loss) | $ 107,030,000 | $ 243,888,000 | $ 397,400,000 |
Company Selected Measure Amount | 1,170,001,000 | 1,076,769,000 | 699,380,000 |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | EBIT | ||
Non-GAAP Measure Description [Text Block] | EBIT is a non-GAAP | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Free Cash Flow | ||
Daniel J. Carestio [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 7,740,184 | $ 5,903,168 | |
PEO Actually Paid Compensation Amount | $ 2,167,818 | 11,823,596 | |
PEO Name | Daniel J. Carestio | ||
Walter M Rosebrough, Jr. [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | 1,156,398 | $ 6,847,109 | |
PEO Actually Paid Compensation Amount | 9,584,917 | 20,016,406 | |
PEO Name | Walter M Rosebrough, Jr. | ||
PEO [Member] | Daniel J. Carestio [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (5,572,366) | 5,920,428 | |
PEO [Member] | Daniel J. Carestio [Member] | Stock Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,154,084) | (1,397,772) | |
PEO [Member] | Daniel J. Carestio [Member] | Option Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (4,000,598) | (2,870,787) | |
PEO [Member] | Daniel J. Carestio [Member] | Year End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,709,722 | 7,347,026 | |
PEO [Member] | Daniel J. Carestio [Member] | Change In Fair Value of Outstanding Equity Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (3,235,090) | 2,796,409 | |
PEO [Member] | Daniel J. Carestio [Member] | Change In Fair Value Of PriorYear Equity Awards Vested In Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (950,771) | 12,373 | |
PEO [Member] | Daniel J. Carestio [Member] | Includable Dividends Earnings On Equity Awards During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 58,455 | 33,179 | |
PEO [Member] | Walter M Rosebrough, Jr. [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 8,428,519 | 13,169,297 | |
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Stock Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,468,984) | ||
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Option Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,729,173) | ||
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Year End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 6,017,324 | ||
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Change In Fair Value of Outstanding Equity Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 8,482,009 | 8,273,815 | |
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Change In Fair Value Of PriorYear Equity Awards Vested In Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (87,822) | 3,032,925 | |
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Includable Dividends Earnings On Equity Awards During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 34,333 | 43,391 | |
Non-PEO NEO [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,038,118) | 2,676,802 | 3,254,702 |
Non-PEO NEO [Member] | Stock Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (557,389) | (527,733) | (508,049) |
Non-PEO NEO [Member] | Option Awards [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (814,151) | (843,644) | (711,762) |
Non-PEO NEO [Member] | Year End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 1,058,610 | 2,282,600 | 1,712,974 |
Non-PEO NEO [Member] | Change In Fair Value of Outstanding Equity Awards Granted In Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,380,326) | 1,754,107 | 2,185,114 |
Non-PEO NEO [Member] | Change In Fair Value Of PriorYear Equity Awards Vested In Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (365,275) | (5,442) | 551,610 |
Non-PEO NEO [Member] | Includable Dividends Earnings On Equity Awards During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 20,412 | $ 16,913 | $ 24,815 |