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Insider Trends: Perrigo Company Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact

05/11/2021 11:13

02:58 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Adriana Karaboutis, Director, exercised options/derivative securities for 5,804 shares of Perrigo Company (PRGO) and sold 2,786 shares in the company for $119,687 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,018 company shares. Karaboutis, after the transactions delineated in the SEC Form 4 filing, has 10,447 shares of the company, which have a market value of $450,475 as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 30 insider transactions reported to the SEC for Perrigo Company. These transactions came from the activities of 12 different insiders that resulted in a net acquisition of 79,334 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 2 insiders and resulted in the net acquisition of 10,414 shares.

This level of transactions is below that of the peer group average in the 150-company Pharmaceuticals peer group over the last 90-day period. Peer group activity averaged 64.4 transactions per company, and disposition of 7,236 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1585364/000158536421000056/xslF345X03/wf-form4_162075932984589.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.