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Insider Trends: Insider at Perrigo Company Acquires Stock Via 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, Rolf A Classon, Director, exercised options/derivative securities for 7,255 shares of Perrigo Company (PRGO) and sold 3,483 shares in the company for $149,630 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 3,772 company shares. Subsequent to the Form 4 filing with the SEC, Classon owns 14,642 shares of the company, with a market value, based on the prior-day closing price, of $631,363.

Over the last 90 days, prior to the date of this filing, there have been 32 insider transactions reported to the SEC for Perrigo Company. These transactions came from the activities of 13 different insiders that resulted in a net acquisition of 82,352 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 2 insiders that 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/1585364/000158536421000057/xslF345X03/wf-form4_162075935587735.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.