PERRIGO Co plc·4

Jun 8, 3:54 PM ET

Bezerra Eduardo Guarita 4

Research Summary

AI-generated summary

Updated

Perrigo (PRGO) CFO Eduardo Bezerra Exercises Options

What Happened
Eduardo Guarita Bezerra, Chief Financial Officer of Perrigo Company plc, exercised/converted derivatives on June 5, 2026 to acquire 9,175 Perrigo ordinary shares at an official per-share value of $10.83 (total value ≈ $99,365). To satisfy tax withholding obligations, 2,235 of those shares were withheld/disposed (value ≈ $24,205). The filing shows an additional derivative conversion entry related to the same 9,175-share event with N/A pricing, consistent with conversion/settlement mechanics.

Key Details

  • Transaction date: 2026-06-05; Form 4 filed 2026-06-08.
  • Exercise/Conversion (code M): 9,175 shares acquired @ $10.83 each; total ≈ $99,365.
  • Tax withholding (code F): 2,235 shares withheld/disposed @ $10.83 each; total ≈ $24,205.
  • Shares owned after transaction: not specified in the reported lines of this summary.
  • Footnotes: F1/F2 state each Restricted Stock Unit (RSU) equals one Perrigo ordinary share; one footnote indicates vesting in three equal annual installments beginning June 6, 2026.
  • No late-filing flag is stated in the information provided here.

Context
This appears to be a conversion/exercise of equity-based compensation (derivative to ordinary shares) with a net-share withholding to cover tax obligations — a routine administrative step rather than an open-market sale. RSU footnotes indicate these units convert to one share each and include a multi-year vesting schedule, which is common for executive compensation. Such tax-withholding dispositions are standard and do not necessarily signal the insider's view of the company.