Khoury Roberto 4

What Happened
Roberto Khoury, EVP and President of CSCI at Perrigo (PRGO), exercised derivative awards on June 5, 2026. He exercised a total of 17,902 shares at an exercise price of $10.83 (total nominal cost/value reported $193,878). To cover tax and withholding obligations, 9,346 shares were surrendered (reported as "disposed" to cover tax liability) valued at $101,217, leaving a net issuance of 8,556 shares to Mr. Khoury. Several related derivative entries show the underlying derivative instruments were cancelled upon exercise.

Key Details

• Transaction date: 2026-06-05; Form 4 filed 2026-06-08 (timely filing within the SEC two-business-day window).
• Exercise price reported: $10.83 per share.
• Gross shares exercised: 17,902 (7,888 + 2,980 + 7,034). Gross cash/value reported for exercised shares: $193,878.
• Shares withheld for taxes (reported as dispositions to cover tax liability): 9,346 (4,118 + 1,556 + 3,672) valued at $101,217.
• Net shares delivered to insider: 8,556.
• Footnotes: The filing includes notes that certain awards are Restricted Stock Units (RSUs) with various vesting schedules (F1–F4 describe 1-for-1 RSU rights and staggered vesting).
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.

Context

• This was effectively a net-share (cashless) settlement: options/derivatives were exercised and a portion of the resulting shares were withheld to meet tax obligations rather than sold in the open market. That is a routine post-exercise tax withholding, not an open-market sale.
• Transaction code meanings: M = exercise/conversion of a derivative security; F = payment of exercise price or tax liability (shares surrendered for taxes).
• These entries are executive-level compensation actions and do not by themselves indicate a change in company fundamentals; they are typically routine tax/settlement mechanics following award vesting or option exercise.