Perrigo reinstates executive severance policy during CEO transition period

Filed July 6, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• medium

  Perrigo reinstated an executive severance policy that had been terminated since January 2020, covering the transition period from June 7, 2026 through 12 months after a new permanent CEO starts.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• medium

  Executives terminated without cause or resigning for good reason during the transition period receive 1.5x base salary plus target bonus over 18 months, COBRA coverage, prorated actual-performance bonus, and career transition assistance.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• low

  The policy excludes the Interim CEO and any successor CEO, and all benefits require a release of claims plus non-compete and non-solicitation agreements.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →