Perrigo (PRGO) EVP David Ball Exercises/Converts Derivatives, Nets 4,917 Shares

What Happened

• David Ball, EVP & Chief Business Development Officer at Perrigo (PRGO), exercised/converted derivative awards to acquire 7,701 ordinary shares on 2026-09-09. The exercise/conversion is reported at an exercise price of $14.34 per share (gross value ≈ $110,432). To cover tax obligations, 2,784 shares were withheld (disposed) (value of withheld shares ≈ $39,923), leaving Ball with a net of 4,917 shares delivered.

Key Details

• Transaction date: 2026-09-09; Form 4 filed 2026-09-10 (appears timely).
• Exercise price reported: $14.34 per share for the 7,701 shares (gross ≈ $110,432).
• Tax withholding: 2,784 shares withheld (≈ $39,923), net shares received = 4,917.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1/F2 indicate these were restricted stock units (RSUs) that convert into ordinary shares; F2 notes vesting occurs in two equal annual installments beginning 9 Sep 2025.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax withholding.

Context

• This was an exercise/conversion of derivative awards (RSUs/similar), not an open-market purchase or sale. Withholding shares to cover taxes is a routine administrative step and not the same as selling shares on the open market.
• Such conversions/vests reflect compensation being settled rather than an investment decision; they provide management exposure to company stock but should be interpreted alongside other insider activity and company fundamentals.