Perrigo (NYSE: PRGO) CEO gains shares through RSU vesting and new award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perrigo Company plc CEO Patrick Lockwood-Taylor reported compensation-related equity activity. He exercised performance-based restricted stock units granted on July 10, 2023, converting 11,727 RSUs into the same number of ordinary shares at a stated price of $10.72 per share.
To cover tax obligations, 4,240 and 5,003 ordinary shares were withheld, leaving him with 102,135 ordinary shares held directly after these transactions. He also received a new grant of 13,839 restricted stock units, each representing one ordinary share, scheduled to vest in two equal annual installments beginning March 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,727 shares exercised/converted
Mixed
5 txns
Insider
Lockwood-Taylor Patrick
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,727 | $0.00 | -- |
| Exercise | Ordinary Shares | 11,727 | $10.72 | $126K |
| Tax Withholding | Ordinary Shares | 4,240 | $10.72 | $45K |
| Grant/Award | Ordinary Shares | 13,839 | $10.72 | $148K |
| Tax Withholding | Ordinary Shares | 5,003 | $10.72 | $54K |
Holdings After Transaction:
Restricted Stock Units — 11,727 shares (Direct);
Ordinary Shares — 97,539 shares (Direct)
Footnotes (1)
- Vesting of performance-based restricted stock units granted on July 10, 2023. 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 2 equal annual installments beginning 6 March 2026. Each Restricted Stock Unit represents a contingent right to receive one Perrigo Company plc ordinary share.
FAQ
What did Perrigo (PRGO) CEO Patrick Lockwood-Taylor report in this Form 4?
Perrigo’s CEO reported equity compensation activity, not open-market trading. He exercised 11,727 performance-based restricted stock units into ordinary shares and received a new 13,839-share restricted stock unit award, with portions of shares withheld to satisfy tax obligations related to these transactions.
What new restricted stock unit award did the Perrigo (PRGO) CEO receive?
He received a grant of 13,839 restricted stock units, each equal to one ordinary share. According to the disclosure, this award vests in two equal annual installments beginning March 6, 2026, aligning future share delivery with continued service and long-term performance incentives.
Were any open-market buys or sells of Perrigo (PRGO) stock reported by the CEO?
No open-market purchases or sales were reported in this filing. All transactions were related to equity compensation: an RSU vesting, a new stock award, and associated tax-withholding dispositions, which differ from discretionary market trades in that they occur as part of compensation mechanics.