secwatch.observer — SEC 8-K summary
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Issuer:     PERRIGO Co plc (PRGO)
CIK:        0001585364
Form:       8-K
Filed at:   2026-07-06T20:45:07+00:00
Accession:  0001585364-26-000108
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Perrigo reinstates executive severance policy for transition period around CEO succession
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- Policy reinstated effective June 29, 2026, covering executive officers except interim CEO and successor CEO.
- Qualifying termination during transition period (June 7, 2026 to 12 months after new CEO starts) entitles 1.5x base salary + target bonus over 18 months.
- Also includes COBRA premium payments, pro rata bonus based on actual performance, and career transition assistance.
- Benefits subject to release of claims, confidentiality, non-compete, non-solicitation, and non-disparagement.
- Policy terminates at end of transition period; signals CEO Patrick Lockwood-Taylor's succession is imminent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585364/000158536426000108/0001585364-26-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585364/000158536426000108/prgo-20260629.htm
  HTML page:      https://secwatch.observer/filing/0001585364-26-000108

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