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Perrigo (NYSE: PRGO) CEO receives 173,837 RSUs in new equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lockwood-Taylor Patrick reported acquisition or exercise transactions in this Form 4 filing.

Perrigo Company plc CEO Patrick Lockwood-Taylor reported an equity compensation award and updated holdings. He received 173,837 Restricted Stock Units, each representing a contingent right to one ordinary share, vesting in three equal annual installments beginning May 13, 2027. Following these transactions, he directly holds 110,846 ordinary shares of Perrigo.

Positive

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Negative

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Insider Lockwood-Taylor Patrick
Role CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 173,837 $0.00 --
holding Ordinary Shares -- -- --
Holdings After Transaction: Restricted Stock Units — 173,837 shares (Direct, null); Ordinary Shares — 110,846 shares (Direct, null)
Footnotes (1)
  1. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share. Vesting in 3 equal annual installments beginning May 13 2027.
RSU grant size 173,837 units Restricted Stock Units granted to CEO Patrick Lockwood-Taylor
RSU vesting start date May 13, 2027 First of three equal annual vesting installments
Underlying ordinary shares for RSUs 173,837 shares Each RSU represents one Perrigo ordinary share
Ordinary shares held after filing 110,846 shares Direct holdings of ordinary shares by the CEO
RSU grant price per unit 0.0000 No cash consideration for RSU grant per Form 4
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Ordinary Shares financial
"Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share."
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lockwood-Taylor Patrick
(Last)(First)(Middle)
PERRIGO COMPANY PLC
515 EASTERN AVENUE
(Street)
ALLEGAN MICHIGAN 49010
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PERRIGO Co plc [ PRGO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Ordinary Shares110,846D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)05/13/2026A173,837 (2) (2)Ordinary Shares173,837(1)173,837D
Explanation of Responses:
1. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share.
2. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share. Vesting in 3 equal annual installments beginning May 13 2027.
Remarks:
/s/ Diana Witt, attorney-in-fact for Mr. Patrick Lockwood-Taylor05/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Perrigo (PRGO) CEO Patrick Lockwood-Taylor report in this Form 4?

Perrigo CEO Patrick Lockwood-Taylor reported an equity award of Restricted Stock Units and his updated ordinary share holdings. The filing shows a new grant plus his direct ownership level after the reported transactions.

How many Restricted Stock Units did Perrigo (PRGO) grant to its CEO?

Perrigo granted CEO Patrick Lockwood-Taylor 173,837 Restricted Stock Units. Each unit represents a contingent right to receive one Perrigo ordinary share, effectively tying a large portion of his compensation to future share performance.

When do Patrick Lockwood-Taylor’s new Perrigo (PRGO) RSUs vest?

The new Restricted Stock Units vest in three equal annual installments beginning May 13, 2027. This multi-year vesting schedule is designed to encourage longer-term alignment between the CEO’s compensation and Perrigo’s share performance.

How many Perrigo (PRGO) ordinary shares does the CEO own after this filing?

After the reported transactions, Patrick Lockwood-Taylor directly owns 110,846 ordinary shares of Perrigo. This figure reflects his direct share position separate from the newly granted Restricted Stock Units that will vest over time.

What does each Perrigo (PRGO) Restricted Stock Unit represent for the CEO?

Each Restricted Stock Unit represents a contingent right to receive one Perrigo ordinary share. The CEO must satisfy vesting conditions over time before these RSUs convert into actual shares he can hold or potentially sell.

Is the Perrigo (PRGO) CEO’s RSU grant an open-market share purchase?

No, the RSU grant is a compensation award, not an open-market purchase. The Form 4 describes it as a grant or award acquisition, with no cash paid per share and vesting based on time rather than immediate purchase.