Manzone Albert 4

What Happened

• Albert Manzone, a Perrigo (PRGO) director, exercised/converted derivative awards on May 14, 2026, resulting in 7,305 ordinary shares acquired at an exercise price of $10.84 (total value ≈ $79,186). To satisfy tax withholding, 3,507 shares were surrendered/disposed (valued at ≈ $38,016). Separately, he was granted 16,681 Restricted Stock Units (RSUs) on May 13, 2026 (derivative award).

Key Details

• Transaction dates and prices:
  • 2026-05-13: Grant of 16,681 RSUs (derivative award; no cash price).
  • 2026-05-14: Exercise/conversion of derivative for 7,305 shares at $10.84 (acquired; $79,186).
  • 2026-05-14: 3,507 shares withheld/disposed to cover tax liability at $10.84 (≈ $38,016).
  • Filing date: Form 4 filed 2026-05-15 (appears timely—within the usual reporting window).
• Shares owned after transaction: Not disclosed in the excerpt provided.
• Footnotes:
  • F1–F3 clarify that each RSU = right to one Perrigo ordinary share.
  • F3 notes vesting on 14 May 2026 (relevant to the conversion/exercise), and F2 notes vesting on 13 May 2027 for other RSUs.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax withholding; A = grant/award.

Context

• This was an exercise/conversion of derivative awards (and an RSU grant), not an open-market buy or voluntary sale. The disposal of 3,507 shares was tax withholding—a routine administrative step, not necessarily an expression of market sentiment.
• For retail investors: exercises and RSU grants show management compensation being realized or awarded; purchases can be a stronger bullish signal than routine withholdings or tax-related disposals.