Form 4: Perrigo EVP Winterman Awarded Equity

Perrigo's EVP of Supply, Operations, and Strategy, Matthew Winterman, was granted 36,846 Restricted Stock Units.

Summary

• Matthew John Winterman, Executive Vice President of Supply, Operations, and Strategy at Perrigo Company plc (PRGO), was granted Restricted Stock Units (RSUs).
• The transaction date for these grants was July 8, 2025.
• A total of 31,319 RSUs were granted, with vesting scheduled in two equal annual installments beginning July 8, 2026.
• An additional 5,527 RSUs were granted, with vesting scheduled in three equal annual installments beginning July 8, 2026.
• Each RSU represents a contingent right to receive one Perrigo Company plc ordinary share.
• Following these reported transactions, Matthew Winterman beneficially owns 36,846 derivative securities (Restricted Stock Units) directly.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a standard executive compensation practice that aligns management's interests with shareholders. It indicates stability in executive retention and a commitment to long-term performance.

Positives

• The grant of Restricted Stock Units aligns the executive's long-term interests with those of the shareholders, incentivizing performance and retention.
• The equity award is a standard component of executive compensation, reflecting confidence in the executive's continued contribution to the company.

Future Outlook

The future outlook indicates that Matthew Winterman will acquire ordinary shares of Perrigo Company plc over the next several years as his Restricted Stock Units vest according to the specified schedules, contingent on his continued employment and the company's performance.

Industry Context

The grant of Restricted Stock Units to a key executive is a common practice in publicly traded companies across various industries. It serves as a long-term incentive, aligning management's financial interests with shareholder value creation and is a standard component of executive compensation packages.

Stakeholder Impact

• Shareholders: The RSU grant aligns the executive's long-term financial interests with shareholder value, potentially leading to more focused decision-making for sustained growth.
• Employees: This type of executive compensation can signal stability within the leadership team, which may positively influence employee morale and retention.
• Management: The grant provides a significant long-term incentive for the EVP, encouraging continued dedication and performance.

Next Steps

• Vesting of 31,319 RSUs in two equal annual installments beginning July 8, 2026.
• Vesting of 5,527 RSUs in three equal annual installments beginning July 8, 2026.

Key Dates

Keywords

Perrigo, PRGO, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, Equity Grant, Matthew Winterman, Form 4