Form 4: Prestige Consumer Healthcare Executive Settles Performance Stock Units

Jeffrey Zerillo, Senior VP Operations at Prestige Consumer Healthcare, settled performance stock units and disposed of shares to cover tax obligations.

Summary

• On May 6, 2024, Jeffrey Zerillo, Senior VP Operations at Prestige Consumer Healthcare Inc., settled 3,894 performance stock units (PSUs) that vested based on the achievement of adjusted earnings per share growth goals.
• These PSUs were initially granted on May 3, 2021.
• Zerillo also disposed of 1,951 shares of common stock at a price of $70 to cover tax obligations related to the PSU settlement.
• Following these transactions, Zerillo directly owns 39,408 shares of Prestige Consumer Healthcare Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine insider transactions related to vested equity and tax obligations.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• Similar filings are expected from executives at comparable companies like Church & Dwight, Reckitt Benckiser, and The Procter & Gamble Company when they trade their company's stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine executive stock transaction.

Key Dates