Alford Bradley A 4

What Happened

• Bradley A. Alford, a director of Perrigo Company plc (PRGO), exercised options on June 12, 2026 to acquire 976 shares at $10.99 per share (total cost ≈ $10,726). To satisfy tax withholding obligations, 469 shares were surrendered/withheld at $10.99 (value ≈ $5,154). He was also granted 2,559 restricted stock units (RSUs), which are contingent rights to Perrigo ordinary shares.

Key Details

• Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (timely filing).
• Exercise price / reported price: $10.99 per share.
• Shares exercised/acquired: 976; shares withheld for taxes: 469. Net shares added to his holdings from this exercise: 507 (976 − 469).
• Grant: 2,559 RSUs awarded (each RSU = right to one ordinary share). Vesting dates noted in filing include June 13, 2026 and June 12, 2027.
• Transaction codes: M = exercise/conversion of derivative, F = payment of exercise price or tax liability (withholding), A = grant/award.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context

• This appears to be a cashless-style exercise: options were exercised and a portion of the shares were withheld to cover taxes rather than sold on the open market. Withheld/ surrendered shares for tax purposes are routine and are not the same as an open-market sale.
• RSU grants are awards that vest on future dates and do not represent immediately tradable shares until vested and delivered.