Perrigo (PRGO) EVP converts 2,070 RSUs, with 1,081 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perrigo Company plc executive Robert Willis reported routine equity compensation activity. He exercised 2,070 Restricted Stock Units into an equal number of ordinary shares at a reported price of $10.85 per share. To cover tax obligations, 1,081 ordinary shares were withheld, leaving him with 48,924 shares held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,070 shares exercised/converted
Mixed
3 txns
Insider
Willis Robert
Role
EVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,070 | $0.00 | -- |
| Exercise | Ordinary Shares | 2,070 | $10.85 | $22K |
| Tax Withholding | Ordinary Shares | 1,081 | $10.85 | $12K |
Holdings After Transaction:
Restricted Stock Units — 2,070 shares (Direct);
Ordinary Shares — 50,005 shares (Direct)
Footnotes (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 5 April 2025.
Key Figures
RSUs exercised: 2,070 units
Shares acquired on exercise: 2,070 shares
Shares withheld for taxes: 1,081 shares
+1 more
4 metrics
RSUs exercised
2,070 units
Restricted Stock Units converted to ordinary shares on 2026-04-02
Shares acquired on exercise
2,070 shares
Ordinary shares received at $10.85 per share
Shares withheld for taxes
1,081 shares
Tax-withholding disposition at $10.85 per share
Shares held after transaction
48,924 shares
Direct ownership following Form 4 transactions
Key Terms
Restricted Stock Units, derivative exercise/conversion, tax-withholding disposition, derivative security
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion for 2,070 Restricted Stock Units."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 1,081 ordinary shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did Perrigo (PRGO) executive Robert Willis report?
Robert Willis, EVP & CHRO of Perrigo, exercised 2,070 Restricted Stock Units into ordinary shares and had 1,081 shares withheld to cover taxes. These actions are compensation-related rather than open-market buying or selling, reflecting standard equity award settlement mechanics.
Were Robert Willis’s Perrigo (PRGO) transactions open-market buys or sells?
The filing shows no open-market purchases or sales. Instead, Willis exercised 2,070 Restricted Stock Units and then 1,081 shares were disposed of through tax-withholding, a non-market mechanism where the issuer retains shares to satisfy tax liabilities on the award.
What does the tax-withholding disposition mean in the Perrigo (PRGO) Form 4?
The tax-withholding disposition reflects 1,081 Perrigo ordinary shares withheld at $10.85 per share to cover taxes on the equity award. This F-code transaction is not a traditional market sale; it is an administrative step to satisfy required tax obligations on the vested units.
What are the Restricted Stock Units reported for Perrigo (PRGO) in this filing?
Each Restricted Stock Unit represents a contingent right to receive one Perrigo ordinary share. In this filing, 2,070 units were exercised into 2,070 ordinary shares, as part of Willis’s existing equity compensation, rather than a new grant or a cash purchase in the market.