Perrigo (PRGO) awards 235,627 RSUs to interim CEO Albert Manzone
Rhea-AI Filing Summary
Manzone Albert reported acquisition or exercise transactions in this Form 4 filing.
Perrigo Company plc granted its interim President and CEO, Albert Manzone, 235,627 Restricted Stock Units on July 8, 2026. Each RSU represents a contingent right to receive one ordinary share and will vest upon the earlier of July 8, 2027, the hiring of a permanent CEO, or termination of employment in connection with a change of control under Perrigo's 2026 Long-Term Incentive Plan. Following this award, Manzone directly holds 16,353 ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Manzone Albert
Role
Interim President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 235,627 | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 235,627 shares (Direct);
Ordinary Shares — 16,353 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share.
- F2. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share. Vests upon the earlier of (x) July 8, 2027, (y) hiring of a permanent CEO by Perrigo or (z) termination of employment in connection with a change of control (as defined in the Perrigo Company plc 2026 Long-Term Incentive Plan).
Key Figures
RSUs granted: 235,627 Restricted Stock Units
Underlying ordinary shares: 235,627 ordinary shares
Direct ordinary shares held: 16,353 shares
+1 more
4 metrics
RSUs granted
235,627 Restricted Stock Units
Grant to interim President and CEO Albert Manzone on July 8, 2026
Underlying ordinary shares
235,627 ordinary shares
Each RSU represents a contingent right to receive one ordinary share
Direct ordinary shares held
16,353 shares
Direct ordinary share holdings of Albert Manzone following the reported transactions
Latest vesting date
July 8, 2027
RSUs vest on this date at the latest, or earlier upon specified events
Key Terms
Restricted Stock Units, contingent right, change of control, Long-Term Incentive Plan
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company"
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.
contingent right financial
"represents a contingent right to receive one Perrigo Company plc ordinary share"
change of control financial
"termination of employment in connection with a change of control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Long-Term Incentive Plan financial
"as defined in the Perrigo Company plc 2026 Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Perrigo (PRGO) grant to interim CEO Albert Manzone?
Perrigo granted Albert Manzone 235,627 Restricted Stock Units on July 8, 2026. Each RSU represents a contingent right to receive one ordinary share, forming a substantial component of his equity-based compensation.
When do Albert Manzone’s new Perrigo (PRGO) RSUs vest?
The RSUs vest upon the earlier of July 8, 2027, the hiring of a permanent CEO, or termination of employment in connection with a change of control as defined in Perrigo’s 2026 Long-Term Incentive Plan.
Were Albert Manzone’s Perrigo (PRGO) RSUs granted under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the reported RSU grant was not designated as being made pursuant to a Rule 10b5-1 trading plan.