Company: PRGO
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585364-25-000014
Chunk: 250

Company: PERRIGO Co plc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 250
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ed-AverageRemainingTerm inYearsAggregateIntrinsicValueNon-vested performance-based share units outstanding at December 31, 20221,069 $42.28 1.4$36.4 Granted487 $36.44 Vested(252)$55.11 Forfeited(33)$41.18 Non-vested performance-based share units outstanding at December 31, 20231,271 $37.65 1.3$40.9 Granted795 $30.87 Vested(377)$40.79 Forfeited(48)$34.77 Non-vested performance-based share units outstanding at December 31, 20241,641 $33.99 1.4$42.2 The weighted-average fair value of performance-based restricted share units can fluctuate depending upon the success or failure of the achievement of performance criteria as set forth in the Plan. The weighted-average fair value per share at the date of grant for performance-based restricted share units granted was as follows:Year EndedDecember 31, 2024December 31, 2023December 31, 2022$30.87 $36.44 $36.48 The total fair value of performance-based restricted share units that vested was as follows (in millions):Year EndedDecember 31, 2024December 31, 2023December 31, 2022$15.4 $13.9 $14.3 Non-vested Relative Total Shareholder Return Performance Share UnitsThe fair value of the RTSR performance share units is determined using the Monte Carlo pricing model as the number of shares to be awarded is subject to a market condition. The valuation model considers a range of possible outcomes, and compensation cost is recognized regardless of whether the market condition is actually satisfied. The assumptions used in estimating the fair value of the RTSR performance share units granted during each year were as follows: Year Ended December 31, 2024December 31, 2023December 31, 2022Dividend yield3.5 %3.0 %2.9 %Volatility, as a percent33.0 %32.0 %37.3 %Risk-free interest rate4.5 %4.6 %1.7 %Expected life in years2.72.82.8

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Perrigo Company plc - Item