[SCHEDULE 13G] PERRIGO COMPANY PLC SEC Filing
State Street Corporation reported beneficial ownership of 7,340,323 shares of Perrigo Co plc common stock, representing 5.3% of the class. The filing is a Schedule 13G and shows shared voting power of 6,531,899 and shared dispositive power of 7,340,323, with no sole voting or dispositive power reported. The submission names multiple State Street advisory subsidiaries as related entities and includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.
- Material institutional stake disclosed: 7,340,323 shares representing 5.3% of Perrigo's common stock
- Transparency and compliance: Filing is a Schedule 13G and identifies related State Street advisory subsidiaries
- No sole control: Sole voting power and sole dispositive power are both reported as 0
- Passive position: Certification states holdings are not for the purpose of changing or influencing control
Insights
TL;DR: State Street holds a material passive stake in Perrigo: 7.34M shares (5.3%), with shared voting influence but no sole control.
The Schedule 13G discloses a >5% institutional position, which is material from an ownership-concentration perspective. Key facts: 7,340,323 shares beneficially owned, 5.3% of the class, shared voting power 6,531,899, sole voting/dispositive power 0. The filing lists multiple State Street advisor entities as related subsidiaries, indicating the position arises from pooled/advisory accounts. Impact for investors: this increases institutional ownership concentration but the filer certifies the holding is passive.
TL;DR: The filing signals passive institutional ownership above the 5% threshold, with no declared intent to seek control.
The reporting person is identified as State Street Corporation and classified as type HC in the filing. The disclosure of shared voting power (6,531,899) and shared dispositive power (7,340,323) shows collective influence through advisory vehicles, while sole voting/dispositive powers are zero. The document includes a certification that the securities are held in the ordinary course of business and not to influence control, which is consistent with a Schedule 13G passive filing. Materiality is present due to the >5% threshold, but no governance change is indicated by the filing itself.