Willis Robert 4
Research Summary
AI-generated summary
Perrigo (PRGO) EVP Robert Willis Receives 12,520 Shares ($134K)
What Happened
Robert Willis, Executive Vice President & Chief Human Resources Officer of Perrigo Company plc (PRGO), had restricted stock units/derivatives vest and be converted on March 6, 2026. He acquired a total of 12,520 shares at an accounted price of $10.72 per share (total value reported $134,215). To satisfy tax obligations, 6,524 of those shares were surrendered/withheld (reported dispositions totaling $69,938), leaving a net increase of 5,996 shares retained.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (no late-filing flag shown in the filing).
- Prices reported for share acquisitions/withholdings: $10.72 per share.
- Gross shares acquired: 12,520 (2,743; 1,758; 8,019). Shares withheld for taxes: 6,524 (1,430; 916; 4,178). Net retained: 5,996 shares.
- Cash values reported: acquisitions ~$134,215; tax withholdings ~$69,938; net value retained ~$64,277.
- Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = shares withheld to pay exercise price or tax liability.
- Footnotes: vesting involves performance-based and time-based Restricted Stock Units (RSUs) — each RSU equals a contingent right to one Perrigo share. Some awards reference vesting schedules (e.g., performance RSUs granted 3/6/2023; other RSUs vest in 2 or 3 annual installments per footnotes).
- Shares owned after the transaction are not reported in the supplied excerpt of the filing.
Context
- These were not open-market purchases or sales. The filings reflect RSU vesting/exercise and standard share withholding to cover tax obligations (a routine, non-market sale). Derivative lines reported as disposed with "N/A" reflect the conversion/exercise of the derivative instrument into ordinary shares.