Form 4: Perrigo CEO Patrick Lockwood-Taylor Reports Routine RSU Conversion and Share Transactions

Perrigo Company plc CEO Patrick Lockwood-Taylor reported the conversion of Restricted Stock Units into ordinary shares and a subsequent disposition of shares for tax purposes on July 10, 2025.

Summary

• Patrick Lockwood-Taylor, CEO and Director of Perrigo Company plc, reported transactions involving the company's ordinary shares.
• On July 10, 2025, 28,326 Restricted Stock Units (RSUs) were converted into 28,326 ordinary shares at a price of $27.27 per share.
• Following this conversion, 14,234 ordinary shares were disposed of on the same date at $27.27 per share, likely to cover tax liabilities associated with the RSU vesting.
• After these transactions, Patrick Lockwood-Taylor beneficially owns 81,352 ordinary shares directly.
• An additional 28,325 Restricted Stock Units remain beneficially owned, each representing a contingent right to receive one ordinary share, with vesting in three equal annual installments beginning July 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine RSU conversion and subsequent share disposition for tax purposes, which is a standard executive compensation event and does not indicate a discretionary buy or sell decision based on market outlook.

Positives

• The vesting of Restricted Stock Units indicates the fulfillment of executive compensation plans.

Negatives

• The disposition of 14,234 shares reduces the direct shareholding of the CEO, although this is a common practice for tax withholding upon RSU vesting.

Future Outlook

The document primarily details past transactions related to executive compensation and does not provide forward-looking statements regarding the company's financial performance or strategic outlook, beyond the scheduled future vesting of remaining Restricted Stock Units.

Industry Context

This filing is a routine insider transaction report, common across all industries for publicly traded companies. It reflects standard executive compensation practices involving equity awards and subsequent tax-related share dispositions, rather than a strategic industry development.

Related Party Transactions

• The conversion of Restricted Stock Units and subsequent share disposition for tax purposes represents a standard compensation-related transaction between the company and its CEO.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation and does not significantly alter the company's capital structure or operational strategy. The disposition of shares for tax purposes is a common occurrence and does not necessarily signal a lack of confidence.

Next Steps

• Future vesting installments of the remaining 28,325 Restricted Stock Units.

Key Dates

Keywords

Perrigo Company plc, PRGO, SEC Form 4, Insider Trading, Restricted Stock Units, RSU conversion, Share transaction, Patrick Lockwood-Taylor, CEO, Director, Equity compensation, Tax withholding