Form 4: Perrigo Executive Robert Willis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & CHRO of Perrigo, Robert Willis, reports transactions involving ordinary shares and restricted stock units.
Summary
- Robert Willis, EVP & CHRO of Perrigo Company plc, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 6 and 7, 2025, Willis acquired and disposed of ordinary shares through vesting of performance-based restricted stock units and the satisfaction of tax obligations.
- Specifically, on March 7, 2025, 12,762 shares were acquired at $27.76, 6,650 shares were disposed of at $27.76, 2,163 shares were acquired at $27.76, and 1,127 shares were disposed of at $27.76.
- On March 6, 2025, 1,759 shares were acquired at $28.68 and 917 shares were disposed of at $28.68.
- Willis also acquired 5,485 restricted stock units on March 6, 2025, which vest in two equal annual installments beginning March 6, 2026.
- He also had transactions involving restricted stock units vesting on March 7, 2025 (2,163 units) and March 6, 2025 (1,759 units).
- Following these transactions, Willis beneficially owns 39,460 ordinary shares and various restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions of an insider. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines the vesting schedule for restricted stock units, indicating future equity compensation events for the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the EVP & CHRO's transactions related to equity compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules and terms outlined in this filing are typical for executive equity compensation plans.
- Comparing the size of the equity grants and vesting schedules to those of executives at peer companies would provide further context.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
- The transactions themselves have a minimal direct impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/07/2022 | Date of grant for performance-based restricted stock units that vested on March 7, 2025. |
| 03/07/2023 | Beginning of vesting in 3 equal annual installments for 2,163 Restricted Stock Units granted previously. |
| 03/06/2024 | Beginning of vesting in 3 equal annual installments for 1,759 Restricted Stock Units granted previously. |
| 03/07/2025 | Date of transaction involving ordinary shares and restricted stock units. |
| 03/06/2026 | Beginning of vesting in 2 equal annual installments for 5,485 Restricted Stock Units. |
| 03/10/2025 | Date of signature on the Form 4 filing. |
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