Egan Kevin Francis 4

What Happened Kevin Francis Egan, a director of Perrigo Company plc, had a grant of 16,681 restricted stock units (RSUs) on 2026-05-13 and on 2026-05-14 converted/exercised 7,305 derivative units into common shares. The exercise showed a per-share exercise price of $10.84, implying cash paid of $79,186. To satisfy tax/exercise obligations, 3,507 shares were surrendered/withheld (valued at about $38,016). Net shares received from the conversion/exercise were roughly 3,798 shares (7,305 acquired less 3,507 withheld).

Key Details

• Transactions reported: Grant (A) of 16,681 RSUs on 2026-05-13; Exercise/conversion (M) of 7,305 units on 2026-05-14; Tax/exercise withholding (F) of 3,507 shares on 2026-05-14.
• Exercise price shown: $10.84 per share; gross cost on exercise ≈ $79,186; withholding value ≈ $38,016.
• Shares owned after the reported transactions: not disclosed in the provided filing excerpt.
• Footnotes: F1–F3 indicate each RSU represents a contingent right to one ordinary share. The 16,681 RSU grant vests 13 May 2027 (per filing footnote), and the tranche converted on 14 May 2026 vested on 14 May 2026. The F code denotes shares withheld to satisfy tax/exercise obligations.
• Filing date: Form 4 filed 2026-05-15 covering transactions on 2026-05-13 and 2026-05-14 — appears timely (not flagged late in the filing).

Context This appears to be a compensation-related event: RSUs were granted (future vesting) and a tranche vested/converted into shares, with a portion withheld to cover taxes — a common "cashless" settlement method that reduces the net shares delivered. These are director compensation transactions, not an open-market purchase or sale by a 10% owner; they are routine and do not by themselves indicate the director’s market view.