Brown Julia M 4

What Happened

• Julia M. Brown, a Perrigo (PRGO) director, exercised stock-derived awards and received 7,305 ordinary shares on 2026-05-14 by exercising derivatives at $10.84 per share (total cost $79,186). To cover tax/exercise obligations, 3,507 of those shares were surrendered/withheld (reported as disposed) with an indicated value of $38,016.
• Separately, on 2026-05-13 Brown was granted 16,681 restricted stock units (RSUs). Each RSU converts to one Perrigo ordinary share; portions of the RSUs have different vesting dates per the filing footnotes.

Key Details

• Transaction dates: RSU grant 2026-05-13; option exercise/tax withholding 2026-05-14. Filing date: 2026-05-15 (appears timely).
• Exercise: 7,305 shares acquired at $10.84 each — total $79,186.
• Tax/withholding: 3,507 shares withheld/disposed with an indicated value of $38,016 (transaction code F).
• Award: 16,681 RSUs granted (each converts to one share). Footnotes state RSUs vest on 14 May 2026 and 13 May 2027 for portions of the award.
• Shares owned after the transactions are not provided in the supplied data.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax liability; A = grant/award.

Context

• This was an exercise of derivative awards (options or similar) with a net-share/net-settlement element (shares withheld to cover tax/exercise obligations), not an open-market purchase or voluntary sale of additional shares. Such tax-withholding disposals are routine and do not necessarily signal a change in the director’s view of the company.