secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001585364-25-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536425000008/0001585364-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536425000008/prgo-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001585364-25-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer