Form 4: Herbalife CFO Alexander Amezquita Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Alexander Amezquita, CFO of Herbalife Ltd., disposed of 616 shares of common stock on February 25, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 25, 2024, Alexander Amezquita, the Chief Financial Officer of Herbalife Ltd., disposed of 616 shares of Herbalife common stock.
- The transaction was executed to satisfy tax obligations arising from the vesting of restricted stock units previously granted on February 25, 2022.
- The shares were disposed of at a price of $8.67 per share.
- Following the transaction, Amezquita directly owns 152,158 shares of Herbalife common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of original grant of restricted stock units. |
| 02/25/2024 | Date of stock disposal to cover tax obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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