---
schema_version: "secwatch.filing_event.v1"
accession: "0001585364-25-000008"
form_type: "8-K"
ticker: "PRGO"
cik: "0001585364"
company_name: "PERRIGO Co plc"
filed_at: "2025-02-26T23:59:59+00:00"
generated_at: "2026-05-26T03:38:06.033481+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001585364-25-000008
- form_type: 8-K
- ticker: PRGO
- cik: 0001585364
- company_name: PERRIGO Co plc
- filed_at: 2025-02-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585364/000158536425000008/0001585364-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585364/000158536425000008/prgo-20250226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001585364-25-000008
- JSON: https://secwatch.observer/filing/0001585364-25-000008.json
- Plain text: https://secwatch.observer/filing/0001585364-25-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.