Form 4: Perrigo Director Adriana Karaboutis Reports Stock Transactions

Director Adriana Karaboutis reports acquisition and disposal of Perrigo Company plc ordinary shares and restricted stock units.

Summary

• Adriana Karaboutis, a director of Perrigo Company plc, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• On May 15, 2024, she acquired 8,764 ordinary shares through the vesting of restricted stock units at a price of $30.22 per share.
• Also on May 15, 2024, she disposed of 4,207 ordinary shares to cover tax obligations at a price of $30.22 per share.
• Following these transactions, Karaboutis directly owns 22,479 ordinary shares.
• On May 14, 2024, Karaboutis acquired 9,904 restricted stock units which vest on 14 May 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing stock transactions by a company director. There is no indication of positive or negative sentiment towards the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as directors and officers, trade their company's stock. These filings provide transparency to the market regarding the trading activities of those with privileged information.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies, ensuring transparency in insider trading activities.
• Similar filings are made by directors and officers of companies like Teva Pharmaceutical Industries and Mylan (now Viatris), providing insights into their stock transactions.
• The volume and frequency of these transactions can be compared to those of peers to assess insider sentiment and potential market impact.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider trading activities.
• The transactions may have a minor impact on the stock price due to the acquisition and disposal of shares.

Key Dates