Form 4: Perrigo Executive David Ball Granted 8,601 Restricted Stock Units

Perrigo Company plc's EVP & CBDO, David Ball, was granted 8,601 Restricted Stock Units, aligning executive incentives with shareholder interests.

Summary

• David Ball, Executive Vice President and Chief Business Development Officer (EVP & CBDO) of Perrigo Company plc (PRGO), was granted 8,601 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one Perrigo Company plc ordinary share.
• The RSUs will vest in three equal annual installments, with the first vesting occurring on June 6, 2026.
• Following this transaction, Mr. Ball beneficially owns 8,601 derivative securities in the form of Restricted Stock Units directly.

Sentiment

Score: 6

Explanation: Slightly positive as it represents standard executive compensation designed to align management interests with shareholder value, without indicating any negative operational or financial news.

Positives

• The grant of Restricted Stock Units to a key executive like David Ball aligns his long-term incentives with the performance of Perrigo Company plc and the interests of its shareholders.
• Equity-based compensation is a common practice to retain and motivate senior management.

Future Outlook

The vesting schedule for the Restricted Stock Units indicates that David Ball's ownership of Perrigo Company plc ordinary shares will increase over the next three years, contingent on his continued employment and the terms of the RSU agreement.

Industry Context

The grant of Restricted Stock Units is a standard and widely adopted form of executive compensation across various industries, including the pharmaceutical and consumer healthcare sectors, designed to link executive performance with shareholder returns.

Related Party Transactions

• David Ball, EVP & CBDO, received a grant of 8,601 Restricted Stock Units from Perrigo Company plc, which is a standard form of equity compensation between the company and an executive.

Stakeholder Impact

• Shareholders: The grant of Restricted Stock Units to a key executive helps align their interests with long-term shareholder value creation by incentivizing the executive to improve company performance.

Next Steps

• The Restricted Stock Units will vest in three equal annual installments, beginning on June 6, 2026, leading to the potential issuance of Perrigo Company plc ordinary shares to David Ball.

Key Dates

Keywords

Perrigo Company plc, PRGO, David Ball, Restricted Stock Units, RSU, Executive Compensation, Insider Transaction, SEC Form 4, Beneficial Ownership, Equity Grant