Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 248

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 248
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 did not purchase any shares during the years ended December 31, 2024 and December 31, 2023. As of December 31, 2024 the approximate value of shares available for purchase under the 2018 Authorization was $835.8 million.

NOTE 15 - SHARE-BASED COMPENSATION PLANS 

All share-based compensation for employees and directors is granted under the 2019 Long-Term Incentive Plan, as amended (the "Plan"), which has been approved by our shareholders. The purpose of the Plan is to attract and retain individuals of exceptional talent and encourage these individuals to acquire a vested interest in our success and prosperity. The awards that may be granted under this program include non-qualified stock options, stock appreciation rights, restricted stock and restricted share units. Restricted shares are generally service-based, requiring a certain length of service before vesting occurs, while restricted share units can be either service-based or performance-based. Performance-based restricted share units also require a certain length of service until vesting, but contain an additional performance feature, which can vary the amount of shares ultimately paid out based on certain performance criteria specified in the Plan or award Performance share units that are based on relative total shareholder return are subject to a market condition. Awards granted under the Plan vest and may be exercised and/or sold from one year to ten years after the date of grant based on a vesting schedule. As of December 31, 2024, there were 3.6 million shares available to be granted.Share-based compensation expense was as follows (in millions):Year EndedDecember 31, 2024December 31, 2023December 31, 2022$64.4 $68.8 $54.9 As of December 31, 2024, unrecognized share-based compensation expense was $61.3 million, and the weighted-average period over which the expense is expected to be recognized was approximately 1.3 years. Proceeds from the exercise of stock options are credited to ordinary shares.

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Perrigo Company plc - Item 8Note 15

Stock OptionsA summary of activity related to stock options is presented below (options in thousands): Number ofOptionsWeighted-AverageExercisePrice Per ShareWeighted-AverageRemainingTerm inYearsOptions outstanding at December 31, 20221,131 $92.87 3.7Forfeited or expired(180)$100.85 Options outstanding at December 31,