Perrigo (PRGO) CEO nets shares after 17,834-unit RSU exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perrigo Company plc CEO Patrick Lockwood-Taylor reported routine equity compensation activity. He exercised Restricted Stock Units into 17,834 ordinary shares on April 2, 2026, at a reported share value of $10.85. To cover tax obligations, 9,123 shares were withheld and disposed of by the issuer. After these transactions, he directly owns 110,846 ordinary shares. Each Restricted Stock Unit represented the right to receive one ordinary share.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,834 shares exercised/converted
Mixed
3 txns
Insider
Lockwood-Taylor Patrick
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,834 | $0.00 | -- |
| Exercise | Ordinary Shares | 17,834 | $10.85 | $193K |
| Tax Withholding | Ordinary Shares | 9,123 | $10.85 | $99K |
Holdings After Transaction:
Restricted Stock Units — 17,834 shares (Direct);
Ordinary Shares — 119,969 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: 17,834 units/shares
Tax withholding shares: 9,123 shares
Post-transaction holdings: 110,846 shares
+1 more
4 metrics
RSUs exercised
17,834 units/shares
Restricted Stock Units converted into ordinary shares on April 2, 2026
Tax withholding shares
9,123 shares
Shares disposed of to satisfy tax obligations on April 2, 2026
Post-transaction holdings
110,846 shares
Ordinary shares directly owned by CEO after reported transactions
Reported share value
$10.85 per share
Transaction price per share for ordinary share entries on April 2, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"He exercised Restricted Stock Units into 17,834 ordinary shares"
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.
tax-withholding disposition financial
"A total of 9,123 ordinary shares were disposed of as tax withholding"
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 did Perrigo (PRGO) CEO Patrick Lockwood-Taylor report in this Form 4?
He reported exercising Restricted Stock Units into 17,834 ordinary shares and a related tax withholding disposal of 9,123 shares. Following these compensation-related transactions, he directly holds 110,846 Perrigo ordinary shares, reflecting his updated equity position in the company.
Were the Perrigo (PRGO) CEO’s transactions open-market buys or sells?
The transactions were not open-market trades. They involved exercising Restricted Stock Units, converting them into 17,834 ordinary shares, and a related 9,123-share tax-withholding disposition to satisfy obligations, a common mechanism for settling equity compensation.
What does each Perrigo (PRGO) Restricted Stock Unit represent in this Form 4?
Each Restricted Stock Unit represents a contingent right to receive one Perrigo ordinary share. Upon vesting and settlement, these units convert into actual shares, as reflected in the 17,834 ordinary shares acquired by the CEO in the reported transaction.