4//SEC Filing
JOHNSON MICHAEL 4
Accession 0000950170-24-018170
CIK 0001180262other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 5:44 PM ET
Size
12.9 KB
Accession
0000950170-24-018170
Insider Transaction Report
Form 4
JOHNSON MICHAEL
DirectorChairman & CEO
Transactions
- Purchase
Common Stock
2024-02-16$8.07/sh+61,725$498,300→ 603,707 total - Award
Stock Appreciation Rights
2024-02-16+982,800→ 982,800 totalExercise: $8.07Exp: 2034-02-16→ Common Stock (982,800 underlying) - Award
Common Stock
2024-02-16+495,662→ 1,099,369 total - Tax Payment
Common Stock
2024-02-16$8.07/sh−30,351$244,933→ 1,153,857 total - Award
Common Stock
2024-02-16+84,839→ 1,184,208 total
Footnotes (5)
- [F1]This transaction represents multiple open market purchases. The range of prices for such transactions is $7.84 to $8.20. The Reporting Person hereby undertakes to provide upon request by the Securities and Exchange Commission staff, the Issuer or a shareholder of the Issuer, full information regarding the number of shares purchased at each price.
- [F2]Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. 2023 Stock Incentive Plan. These RSUs will vest in two installments, 50% on February 16, 2025, and 50% on the earlier of January 3, 2026, or the date on which a new non-interim Chief Executive Officer has been appointed by the Issuer's Board of Directors (the "Board"), subject to certain conditions of his service as CEO and/or member of the Board. Provided that, in no instance shall any portion of the RSU vest prior to February 16, 2025.
- [F3]Consists of RSUs fully vested at the time of grant.
- [F4]Represents shares withheld to satisfy tax obligations due in connection with the vesting of RSUs previously granted to the Reporting Person on February 16, 2024.
- [F5]Consists of stock appreciation rights ("SARs") granted under the Herbalife Ltd. 2023 Stock Incentive Plan. These SARs will vest in two installments, 50% on February 16, 2025, and 50% on the earlier of January 3, 2026, or the date on which a new non-interim Chief Executive Officer has been appointed by the Board, subject to certain conditions of his service as CEO and/or member of the Board. Provided that, in no instance shall any portion of the SAR vest prior to February 16, 2025.
Documents
Issuer
HERBALIFE LTD.
CIK 0001180262
Entity typeother
Related Parties
1- filerCIK 0001311173
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 5:44 PM ET
- Size
- 12.9 KB