Company: PRGO
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001585364-25-000111
Chunk: 7

Company: PERRIGO Co plc
Filing Date: 2025-06-26
Form: 11-K
Chunk 7
---
 under the Heroes Earnings Assistance and Relief Tax Act of 2008 (the HEART Act).

#### Payment of Benefits
Upon termination of service, participants may elect to receive a lump-sum amount equal to the value of their vested account, installments or a partial payment. Participants may also elect to roll over their account balance into another qualified retirement plan, or postpone distributions until such time they are required. If no action is taken at the time of separation, vested account balances of $1,000 or less are distributed to the participant, and vested account balances between $1,000 and $5,000 are rolled into an IRA established for the participant.

#### Forfeitures
There were no forfeited non-vested amounts in the 2024 or 2023 Plan years.

#### Administrative Expenses
The Company pays the administrative costs of the Plan associated with any professional services provided to the Plan and the cost of communications to the participants. Administrative expenses, such as loan administration and some withdrawal fees, are deducted directly from the participants' accounts.

#### Concentration of Investments
Investments at December 31, 2024 and 2023 included Perrigo Company plc ordinary shares amounting to 312,694 shares totaling $8,039,371 and 333,556 shares totaling $10,733,830, respectively. This investment represented approximately 1% of total investments at December 31, 2024 and 2023. The quoted market value of Perrigo Company plc ordinary shares decreased by 20% from December 31, 2023 to December 31, 2024.

#### Risks and Uncertainties
Participants in the Plan invest in various investment securities. Investment securities, including Perrigo Company plc ordinary shares, are exposed to various risks, such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the financial statements.

#### 2.

#### Summary of Significant Accounting Policies

#### Basis of Accounting
The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").

<div align='center'>8</div>

### PERRIGO COMPANY PROFIT-SHARING AND INVESTMENT PLAN
<div align='center'>NOTES TO FINANCIAL STATEMENTS

______________________________________________________________________________________________________</div>

#### Use of Estimates