Perrigo (PRGO) EVP and CSO reports RSU exercise and tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perrigo Company plc EVP and CSO Abigail Lennox reported equity compensation activity involving ordinary shares and restricted stock units. She exercised 3,823 restricted stock units into ordinary shares at a reference price of $10.83 per share, and 1,996 shares were disposed of to cover tax obligations. Following the tax-withholding disposition, she directly holds 4,607 ordinary shares. Footnotes note that each restricted stock unit represents a right to receive one ordinary share and that certain units vest in three equal annual installments beginning 6 June 2026. These are compensation-related transactions rather than open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,823 shares exercised/converted
Mixed
3 txns
Insider
Lennox Abigail
Role
EVP and CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,823 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,823 | $10.83 | $41K |
| Tax Withholding | Ordinary Shares | 1,996 | $10.83 | $22K |
Holdings After Transaction:
Restricted Stock Units — 7,645 shares (Direct, null);
Ordinary Shares — 6,603 shares (Direct, null)
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 6 June 2026.
Key Figures
RSUs exercised: 3,823 shares
Tax-withholding shares: 1,996 shares
Reference share price: $10.83 per share
+2 more
5 metrics
RSUs exercised
3,823 shares
Restricted stock units converted into ordinary shares on 5 June 2026
Tax-withholding shares
1,996 shares
Shares disposed to cover tax liability on 5 June 2026
Reference share price
$10.83 per share
Price per ordinary share used in Form 4 entries
Shares held after transaction
4,607 shares
Direct ordinary share holdings after tax-withholding disposition
Derivative exercise transactions
1 transaction, 3,823 shares
Exercise or conversion of a derivative security (RSUs)
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative security, Ordinary Shares
4 terms
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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
"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 transactions did Perrigo (PRGO) EVP and CSO Abigail Lennox report?
Abigail Lennox reported equity compensation transactions, including exercising 3,823 restricted stock units into ordinary shares and a related tax-withholding disposition of 1,996 shares. These actions convert awards into stock and settle taxes, rather than representing open-market buying or selling.
What are Abigail Lennox’s Perrigo (PRGO) holdings after these transactions?
After the reported transactions, Abigail Lennox directly holds 4,607 ordinary shares of Perrigo Company plc. This figure reflects her position following the equity award exercise and the related tax-withholding share disposition, as shown in the non-derivative holdings section.
How do Perrigo (PRGO) restricted stock units work for Abigail Lennox?
Each restricted stock unit represents a contingent right to receive one Perrigo ordinary share. Footnotes state that certain units vest in three equal annual installments beginning 6 June 2026, meaning shares are delivered over time as service conditions are satisfied.
Were the Perrigo (PRGO) insider transactions open-market buys or sells?
The transactions are classified as a derivative exercise and a tax-withholding disposition, not open-market purchases or sales. Shares were issued from restricted stock units and a portion was surrendered to cover tax obligations, which is a common administrative mechanism in equity compensation.