Perrigo (NYSE: PRGO) EVP & CHRO receives 22,388 RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Willis Robert reported acquisition or exercise transactions in this Form 4 filing.
Perrigo Company plc executive Robert Willis received a compensation grant of 22,388 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one ordinary share, vesting in three equal annual installments beginning on May 13, 2027.
Following the reported transactions, Willis directly holds 48,924 ordinary shares and 22,388 RSUs tied to Perrigo stock. This filing reflects an equity-based incentive award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Willis Robert
Role
EVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 22,388 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 22,388 shares (Direct, null);
Ordinary Shares — 48,924 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 May 13 2027.
Key Figures
RSU grant: 22,388 RSUs
Shares held after transaction: 48,924 ordinary shares
RSU-to-share ratio: 1 RSU : 1 ordinary share
+2 more
5 metrics
RSU grant
22,388 RSUs
Grant to EVP & CHRO Robert Willis
Shares held after transaction
48,924 ordinary shares
Direct holdings following reported transactions
RSU-to-share ratio
1 RSU : 1 ordinary share
Each RSU represents one Perrigo ordinary share
RSU vesting start date
May 13, 2027
Vesting begins for 22,388 RSUs
Vesting schedule
3 equal annual installments
Vesting pattern beginning May 13, 2027
Key Terms
Restricted Stock Unit, Ordinary Shares, grant/award acquisition, Form 4, +1 more
5 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.
grant/award acquisition financial
"transaction_action: grant/award acquisition for 22,388 Restricted Stock Units."
Form 4 regulatory
"INSIDER FILING DATA (Form 4): details equity transactions by Robert Willis."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
EVP & CHRO financial
"Robert Willis is listed as EVP & CHRO of Perrigo Company plc."
FAQ
What did Perrigo (PRGO) executive Robert Willis report in this Form 4 filing?
Robert Willis reported receiving 22,388 Restricted Stock Units as equity compensation. Each unit can convert into one Perrigo ordinary share, with vesting over time. He also reported directly holding 48,924 ordinary shares after the transactions.
How many Perrigo (PRGO) Restricted Stock Units did Robert Willis receive?
Robert Willis received 22,388 Restricted Stock Units in this filing. Each unit represents a contingent right to receive one Perrigo ordinary share, providing long-term equity incentives that align his compensation with future company performance and share price.
When do Robert Willis’s Perrigo (PRGO) RSUs start vesting and over what period?
The 22,388 Restricted Stock Units begin vesting on May 13, 2027. They vest in three equal annual installments, meaning one-third of the units will vest each year, subject to the applicable award terms and continued service conditions.