ASHFORD ORLANDO D 4

What Happened

• Orlando D. Ashford, a director of Perrigo Company plc (PRGO), had restricted stock units (RSUs) convert/vest and reported related transactions on May 13–14, 2026. The filing shows an exercise/conversion on May 14 that resulted in acquisition of 10,669 ordinary shares at an implicit price of $10.84 (value reported $115,652). To satisfy tax withholding obligations, 5,122 shares were surrendered/withheld (disposition) at $10.84 (value $55,522). The Form 4 also reports a RSU grant of 24,363 units on May 13 (derivative award).

Key Details

• Transaction dates: RSU grant recorded 2026-05-13; conversions/exercise and related withholding on 2026-05-14. Form filed 2026-05-15 (timely).
• Prices and values: Acquired 10,669 shares @ $10.84 = $115,652; 5,122 shares withheld @ $10.84 = $55,522. One reported conversion/disposition of 10,669 shares was listed without a per‑share cash price (derivative conversion entry).
• Shares owned after transaction: Not specified in the reported excerpt.
• Footnotes of note:
  • F1/F2/F3: Each RSU represents a contingent right to receive one ordinary share. Some RSUs vest on May 14, 2026 (F3) and others on May 13, 2027 (F2).
  • Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (shares withheld).
• Filing timeliness: The Form 4 was filed two days after the initial report date and appears timely under standard reporting rules.

Context

• This appears to be a routine conversion/vesting of RSUs with shares withheld to satisfy tax obligations (a common, non‑market directional event). The primary economic event for Ashford was receiving shares via conversion of RSUs (acquisition), while the withheld shares represent a tax payment rather than an open‑market sale.