Perrigo Reinstates Executive Severance Policy Amid CEO Transition
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Perrigo Company ( (PRGO) ) has issued an update.
On June 29, 2026, Perrigo reinstated its Executive Committee Severance Policy, which had previously been terminated in January 2020, to cover executive officers other than the interim and future chief executive. During a defined transition period tied to the appointment of a successor to CEO Patrick Lockwood-Taylor, eligible executives facing qualifying terminations will receive enhanced severance and benefit protections.
The policy grants 1.5 times base salary and target bonus over 18 months, continued employer-paid COBRA premiums, a pro rata bonus based on actual performance for the termination year, and career transition support, all contingent on restrictive covenants and a release of claims. The severance framework, set to expire at the end of the transition period, is designed to stabilize leadership continuity and provide clarity for senior managers amid the CEO succession process.
The most recent analyst rating on (PRGO) stock is a Buy
with a $17.00 price target.
To see the full list of analyst forecasts on Perrigo Company stock,
see the PRGO Stock Forecast page.
Spark’s Take on PRGO Stock
According to Spark, TipRanks’ AI Analyst, PRGO is a Neutral.
The score is held back primarily by weak financial performance (large TTM losses, declining revenue, and elevated leverage) and a bearish technical trend (price below key moving averages). Offsetting factors include positive—though slowing—free cash flow, reaffirmed guidance with expected H2 skew and cost-savings execution, and a high dividend yield, tempered by leadership disruption and near-term margin/cash flow pressure.
To see Spark’s full report on PRGO stock,
click here.
More about Perrigo Company
Perrigo Company plc operates in the healthcare and consumer products industry, focusing on over-the-counter medicines and related consumer health offerings. The company’s executive leadership structure and compensation policies are key to its ability to attract and retain senior management in a competitive market for experienced healthcare and consumer goods executives.
Average Trading Volume: 3,221,851
Technical Sentiment Signal: Sell
Current Market Cap: $1.52B
For an in-depth examination of PRGO stock, go to TipRanks’ Overview page.
