Sotera Health Co
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Item 9B. Other Information
Rule 10b5-1 Trading Plans
During the year ended December 31, 2023, none of the Company’s directors or executive officers adopted orterminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement” (as that term is defined in Regulation S-K, Item 408).
Offer Letter Amendment
On February 26, 2024, we amended Mr. Lyons’ offer letter to provide for a one-time payment of $100,000 to defray costs associated with his commuting to Cleveland, Ohio (the “Commuting Bonus”). This payment will be made in the first payroll cycle in April, 2024. If Mr. Lyons terminates his employment with the Company for any reason other than death or disability; or the Company terminates his employment for “Cause” (as defined in Mr. Lyons’ offer letter) prior to the second anniversary of the commencement of Mr. Lyons’ employment, Mr. Lyons will be obligated to repay, on a pre-tax basis, a pro-rata portion of the Commuting Bonus within five business days of his termination of employment.
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