O'Connor Donal 4

What Happened
Donal O'Connor, a director of Perrigo Company plc (PRGO), exercised derivative awards and received a new RSU grant. On May 14, 2026 he exercised/converted derivative rights resulting in the acquisition of 7,305 shares at an exercise price of $10.84 each (total ≈ $79,186). To satisfy withholding for taxes/exercise costs, 3,507 shares were surrendered/disposed at the same $10.84 per-share basis (total ≈ $38,016). Separately, on May 13, 2026 he was granted 16,681 restricted stock units (RSUs).

Key Details

• Transaction dates: RSU grant on 2026-05-13; exercise/conversion and tax withholding on 2026-05-14. Filing date: 2026-05-15.
• Prices and values: Exercise price $10.84 for the 7,305-share acquisition (≈ $79,186); 3,507 shares withheld at $10.84 (≈ $38,016). One reported derivative disposal of 7,305 shares lists no per-share price (N/A) in the filing.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: Each RSU represents a right to one ordinary share.
  • F2: The 16,681 RSU grant vests May 13, 2027.
  • F3: A set of RSUs vested on May 14, 2026 (related to the derivative/settlement activity).
• Filing timeliness: Form 4 was filed 2026-05-15 for transactions on 2026-05-13/14 — this appears to be within the typical two-business-day reporting window; no late filing is indicated.

Context
This filing shows an option/derivative exercise combined with a tax-withholding (commonly a "sell-to-cover" or shares withheld to satisfy taxes), plus a separate time‑vested RSU grant. The exercised shares were acquired at the stated exercise price; some shares were immediately surrendered/withheld to cover tax or exercise obligations. Grants of RSUs are compensation and vest on future dates (or, for some, vested on 2026-05-14 as noted) and do not by themselves indicate a buy or sell signal.