Form 4: Herbalife CEO Michael Johnson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Herbalife CEO Michael Johnson disposed of 125,600 shares of common stock on February 16, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- Michael Johnson, the Chairman and CEO of Herbalife Ltd., disposed of 125,600 shares of common stock on February 16, 2025.
- The transaction was executed to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs) previously granted on February 16, 2024.
- The shares were disposed of at a price of $5.62 per share.
- Following the transaction, Johnson directly owns 940,575 shares of Herbalife common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative.
Industry Context
Executive stock transactions are common and often related to compensation and tax planning. This transaction appears to be a routine sale to cover tax liabilities associated with vested stock awards.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 02/16/2024 | Date of original grant of Restricted Stock Units (RSUs). |
| 02/16/2025 | Date of transaction where shares were disposed of to cover tax obligations related to vesting RSUs. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
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