PERRIGO Co plc Director CEO Lockwood-Taylor buys 4060 shares at $22.37/share.

Perrigo Company plc (PRGO) has announced that Patrick Lockwood-Taylor, a member of the company's board of directors and chief executive officer, has made a series of purchases of the company's shares. Specifically, he acquired 4,060 shares at a price of $22.37 per share on August 8, 2025, and he also acquired 346 shares and 54 shares at the same price on the same day.

Perrigo Company plc (PRGO), a leading global provider of consumer self-care products, has seen its CEO, Patrick Lockwood-Taylor, increase his stake in the company. On August 8, 2025, Lockwood-Taylor acquired a significant number of shares, reflecting his confidence in the company's future prospects.

The CEO purchased 4,060 shares at a price of $22.37 per share, totaling approximately $90,712. Additionally, he acquired 346 shares and 54 shares at the same price on the same day. This latest purchase brings Lockwood-Taylor's total stake in the company to a notable level, demonstrating his commitment to Perrigo's long-term success.

The acquisition of shares by Lockwood-Taylor coincides with the company's ongoing strategic initiatives to stabilize, streamline, and strengthen its operations. Perrigo has been focusing on its 'Three-S' Plan, which includes strategic divestitures and brand enhancements to bolster its market position and drive sustainable growth.

The company's recent financial results, released on August 6, 2025, highlighted several key performance indicators. Revenue for the second quarter of 2025 was $1.06 billion, slightly below the estimated $1.08 billion, reflecting a 0.9% year-over-year decline due to divestitures and exited products. Adjusted EPS was $0.57, narrowly missing the estimated $0.58, yet showing a 7.5% increase from the previous year, driven by reduced interest expenses. Operating income was reported at $45 million, a significant improvement from a loss of $27 million in the prior year, highlighting effective cost management and strategic initiatives.

Lockwood-Taylor's increased stake in Perrigo indicates a positive outlook on the company's future performance and strategic direction. As the company continues to navigate challenges such as isolated production variability in infant formula and lower plant overhead absorption, Lockwood-Taylor's confidence in Perrigo's ability to overcome these hurdles is evident through his latest share purchases.

References:
[1] https://www.gurufocus.com/news/3039287/perrigo-co-plc-reports-q2-2025-earnings-adjusted-eps-of-057-misses-estimate-revenue-at-106-billion-below-forecast
[2] https://investor.perrigo.com/press-releases