Company: PRGO
Filing Date: 2025-03-10
Form Type: PRE 14A
Source: 0000950170-25-035751
Chunk: 36

Company: PERRIGO Co plc
Filing Date: 2025-03-10
Form: PRE 14A
Chunk 36
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I performance for 2024 of $580 million consisted of: • $113 million of operating income as reported in our financial statements; and • $496 million of non-GAAP adjustments reviewed and approved by the Audit Committee of the Board. These adjustments primarily consisted of $230 million of amortization expense, $113 million of restructuring charges and $89 million of impairment charges.

#### 30PERRIGO•2025 PROXY STATEMENT
Executive Compensation

In the 2024 plan each NEO’s AIP payout funded by the financial measures above may be modified by performance against pre-established, measurable individual strategic objectives. The independent directors in the case of the CEO, and the TCC in the case of the other NEOs, assessed each NEO against their individual goals.

#### PERRIGO•2025 PROXY STATEMENT31
Executive Compensation

| NEO                       |     | 2024 Performance Goals                                           |     | 2024 Evaluation                                                                                                                                       |
| Patrick Lockwood - Taylor |     | •Create a sustainable, scalable, value accretive growth strategy 
 •Define how we operate strategically                             
 •Deliver the 2024 Financial Plan                                 
 •Build a world-class Organization                                |     | •Delivered a clear, differentiated strategy, well understood by the organization and Perrigo’s Investor base.                                         
 •Completed enterprise strategy informing portfolio roles and identification of growth initiatives with detailed 5-Year strategic plan                 
 •Built and instilled a disciplined capital allocation framework ensuring alignment with strategic principles, financial targets and robust governance 
 •Deployed Enterprise Program Management Office designed to provide comprehensive view of business-critical initiatives                                
 •Oversaw the intensive remediation efforts to stabilize operations across Infant Formula.                                                             
 •Reduced virgin packaging material by 518.2 Metric Tons                                                                                               
 •Despite falling short of some financial targets, delivered EPS within the guidance range and achieved cash conversion goals                          
 •Concluded planned divestiture of non-core assets                                                                                                     
 •Successfully launched updated vision, purpose and values; further defining ‘Perrigo at Our Best Behaviors’                                           
 •Continued to build a best-in-class ELT                                                                                                               |
| Eduardo Bezerra           |     | •Advance our Key Strategic Objectives                            
 •Deliver on our 2024 Financial Plan                              
 •Drive Operational Improvement                                   
 •Build a Highly Capable Finance and IT&S Organization            |     | •Despite falling short of some financial targets, delivered EPS within the guidance range and achieved cash conversion goals                          
 •Concluded planned divestiture of non