PERRIGO Co plc·4

Jun 8, 3:40 PM ET

Atkinson Charles 4

Research Summary

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Perrigo (PRGO) EVP Charles Atkinson Exercises Derivatives; Shares Withheld

What Happened

  • Charles Atkinson, EVP, General Counsel & Secretary of Perrigo Company plc, exercised/converted derivative awards on 2026-06-05 to acquire 6,690 shares at $10.83 per share (total ~ $72,453). As part of the transaction, 1,835 shares were withheld to cover the exercise price or tax liability at the same $10.83 per-share rate (value withheld ~ $19,873). The filing also lists a derivative disposition line related to the conversion.

Key Details

  • Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (appears timely).
  • Exercise/conversion price reported: $10.83; acquired 6,690 shares for ~$72,453.
  • Tax/withholding: 1,835 shares withheld (code F) valued at ~$19,873.
  • Shares owned after the transaction: not disclosed in the filing.
  • Footnotes: F1/F2 indicate these were Restricted Stock Units (RSUs) — each RSU converts to one ordinary share. F2 notes vesting occurs in three equal annual installments beginning June 6, 2026.
  • Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (sell-to-cover/withholding).

Context

  • This was a conversion of equity awards (RSUs) into company shares with a routine withholding of shares to satisfy taxes/exercise price (common "sell-to-cover" treatment). Such conversions are standard compensation-related transactions and should be viewed as administrative actions rather than an open-market buy or sell signal.