Perrigo (PRGO) Director Geoffrey Parker Exercises Options, Sells Shares

What Happened

• Geoffrey M. Parker, a Perrigo (PRGO) director, exercised/converted derivatives on 2026-09-11 to acquire 1,263 ordinary shares at an exercise price of $13.66 (total value reported $17,253). To cover tax or exercise-related liabilities, 607 shares were surrendered/withheld at $13.66 (value $8,292). The filing also shows a related derivative conversion line for 1,263 shares reported as "disposed" (N/A) in the form; the filing does not further explain that line.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-15 (filed 4 days after the transaction; Form 4s are normally due within 2 business days).
• Exercise price reported: $13.66 per share.
• Shares acquired (post-exercise): 1,263 shares (aggregate reported value $17,253).
• Shares withheld/disposed to satisfy tax liability: 607 shares (reported value $8,292).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Relevant footnotes:
  • F1: Revocable trust in which Geoffrey Parker and Jill Parker are trustees.
  • F2: Geoffrey M. Parker Roth IRA.
  • F3/F4: Each Restricted Stock Unit (RSU) represents a contingent right to receive one Perrigo ordinary share; F4 notes vesting on 12 Sep 2026.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (withholding).

Context

• The combination of an exercise (M) and a share withholding (F) is consistent with a cashless or sell-to-cover settlement where some shares are surrendered to cover taxes or exercise costs; this is a routine administrative event rather than an open-market sale signaling a change in conviction. The filing date (Sep 15) is a few days after the transaction (Sep 11), which may be later than the typical 2-business-day Form 4 reporting window.