Perrigo (PRGO) Director Bradley Alford Exercises Options, Receives RSUs

What Happened
Bradley A. Alford, a Perrigo (PRGO) director, exercised stock-derived awards on 2026-09-11 and received a new RSU grant. He exercised/converted derivatives to acquire 1,263 ordinary shares at an exercise price of $13.66 per share (total cash cost $17,253). To satisfy tax withholding, 607 of those shares were withheld (reported as disposed) with a value of $8,292. Separately, he was granted 2,059 restricted stock units (RSUs) in the same filing.

Key Details

• Transaction date: 2026-09-11; Form 4 filed 2026-09-15 (appears 4 days after the transaction; Form 4s are generally required within 2 business days).
• Exercise: 1,263 shares acquired at $13.66 per share — total cash paid $17,253.
• Tax withholding: 607 shares withheld/disposed, valued at $8,292 (F code = tax withholding).
• Grant: 2,059 RSUs awarded (A code); RSUs are contingent rights to receive one ordinary share each.
• Footnotes: F1–F3 indicate these are RSUs (each equals one ordinary share). F2 notes a vesting date of 12 Sep 2026; F3 notes a vesting date of 11 Sep 2027.
• Shares owned after transaction: Not disclosed in the filing.

Context
The exercise plus share withholding reflects a common net-share settlement/tax-withholding arrangement rather than an open-market sale — withholding of shares to cover taxes is routine and does not necessarily indicate a bearish signal. The 2,059 RSUs are awards that vest in the future per footnotes (see vesting dates above), so those are not immediately tradable shares. The filing timing appears later than the typical 2-business-day window, which investors may note for compliance/timeliness reasons.