Perrigo extends CEO Lockwood-Taylor through June 2028 with $1.24M salary and $6.6M LTI floor

PERRIGO Co plc

Base salary $1,240,000; target annual bonus at least 125% of base (0%-200% range).
Minimum annual LTI grant value of $6,600,000 under 2019 Plan.
Severance: 1.5x (salary+target bonus) non-CIC; 2.0x upon CIC within 24 months.
Noncompete and non-solicitation covenants for 24 months post-termination.
Initial term 3 years ending June 30, 2028, with automatic renewal.

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