Form 4: Perrigo CEO Patrick Lockwood-Taylor Reports Changes in Beneficial Ownership

Perrigo CEO Patrick Lockwood-Taylor reports transactions involving ordinary shares and restricted stock units.

Summary

• On July 10, 2024, Patrick Lockwood-Taylor, CEO of Perrigo Company plc, reported changes in his beneficial ownership of the company's ordinary shares and restricted stock units.
• These transactions included the vesting of service-based and performance-based restricted stock units granted on July 10, 2023.
• Lockwood-Taylor acquired 28,326 ordinary shares upon the vesting of service-based restricted stock units at a price of $27.16.
• He also acquired 11,837 ordinary shares upon the vesting of performance-based restricted stock units at a price of $27.16.
• Additionally, he disposed of 10,974 and 4,280 ordinary shares for tax purposes related to the vesting of the restricted stock units.
• Following these transactions, Lockwood-Taylor directly owns 45,409 ordinary shares and 56,651 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The vesting of restricted stock units indicates that Lockwood-Taylor has met certain service and performance criteria.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules and terms of restricted stock units are generally comparable to those offered by other companies in the pharmaceutical and consumer healthcare industries.

Stakeholder Impact

• The transactions reported in this filing may provide stakeholders with insights into the CEO's alignment with the company's performance.

Key Dates