Alford Bradley A 4

What Happened

• Bradley A. Alford, a director of Perrigo Company plc (PRGO), exercised 7,305 derivative awards (options/units) and received shares, resulting in a reported acquisition valued at $79,186 (7,305 shares × $10.84) on May 14, 2026. To cover tax withholding obligations, 3,507 of those shares were surrendered/disposed on May 15, 2026, with a reported value of $38,016 (3,507 × $10.84). The net shares delivered to Alford from this exercise were 3,798 (about $41,170 at $10.84 per share).
• Separately, on May 13, 2026 Alford was granted 16,681 Restricted Stock Units (RSUs), each representing a contingent right to one Perrigo ordinary share.

Key Details

• Transaction dates/prices:
  • May 14, 2026: Exercise (code M) — 7,305 shares at $10.84 (acquired) = $79,186.
  • May 15, 2026: Tax withholding/payment (code F) — 3,507 shares at $10.84 (disposed) = $38,016.
  • May 13, 2026: Grant (code A) — 16,681 RSUs (no per-share price; RSUs are derivative awards).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes: F1–F3 indicate each RSU converts to one Perrigo ordinary share. Some RSUs vest on May 14, 2026, others vest on May 13, 2027.
• Filing timeliness: Form 4 filed on May 15, 2026 for transactions occurring May 13–15, 2026; this appears to be timely based on standard insider reporting rules.

Context

• The disposed shares (code F) reflect tax withholding to satisfy tax liabilities on exercise/vesting — a routine administrative step, not an open-market sale. The exercise + withholding pattern here is effectively a cashless/cashless-like settlement to cover taxes. RSU grants are contingent awards and vest per the noted dates; vesting or exercise of such awards is common compensation for executives and directors and does not by itself signal a change in sentiment.