Company: PRGO
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0000950170-25-042897
Chunk: 38

Company: PERRIGO Co plc
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 38
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., promotions, retention, performance, etc.) through the shareholder-approved LTIP. Though they rarely occur, off-cycle stock-based awards may also be granted during the year to the executive officers other than the CEO with the approval of the TCC and to the CEO with the approval of the independent directors as permitted under the LTIP. Such awards are priced at the closing price of Perrigo’s shares on the day the awards are granted. No such awards were granted to the CEO or NEOs in 2024. 2024 – 2026 Regular Annual LTIP Awards All of the NEOs received their annual LTIP award for 2024, which consisted of 50% PSU OI that may be earned based on achievement of 2024-2026 cumulative Adjusted OI goals, 20% rTSR-PSUs that may be earned based on our 2024-2026 rTSR performance versus the companies in the S&P 500, and 30% RSUs vesting ratably over three years. The table and chart below show the LTIP award values granted in fiscal 2024 for each of the NEOs.

|                         | 2024 – 2026 Awards |            |            |                      |
|                         |       Adj. OI-PSUs |  rTSR-PSUs |       RSUs | Total Grant Value(1) |
| Named Executive Officer |                50% |        20% |        30% |                 100% |
| Patrick Lockwood-Taylor |         $2,800,001 | $1,099,675 | $1,679,994 |           $5,579,670 |
| Eduardo Bezerra         |           $999,996 |   $392,743 |   $599,991 |           $1,992,730 |
| Kyle L. Hanson          |           $650,011 |   $255,272 |   $389,988 |           $1,295,272 |
| Ronald Janish           |           $424,999 |   $166,914 |   $254,999 |             $846,912 |
| Roberto Khoury          |           $401,379 |   $126,212 |   $665,822 |           $1,193,413 |
| Grainne Quinn           |           $324,990 |   $127,636 |   $194,994 |             $647,620 |
| Triona Schmelter