Material Event - Form 8-K

On May 7, 2024, Svend Andersen and Perrigo Company plc ("Perrigo" or the "Company") reached mutual agreement regarding his retirement, such that Mr. Andersen will no longer serve as Executive Vice President and President, Consumer Self-Care International of the Company and all relevant subsidiaries and affiliates, to be effective July 31, 2024 in accordance with the notice provisions of his employment agreement. After such date, Mr. Anderson will then continue in an advisory capacity until December 31, 2024.

Subject to a general release of claims and other applicable obligations, upon his separation from the Company, Mr. Anderson will be entitled to a lump sum severance payment equal to one year base salary and a prorated bonus under the Annual Incentive Plan, as well as continued vesting of his equity awards as described in the Company's definitive proxy statement filed on March 22, 2024.