Form 4: Herbalife COO Troy Hicks Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Troy Hicks, Chief Operating Officer of Herbalife Ltd., reported disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 3, 2025, Troy Hicks, the Chief Operating Officer of Herbalife Ltd., disposed of 2,871 shares of common stock at a price of $7.32 to cover tax obligations related to vesting restricted stock units (RSUs) granted on May 3, 2024.
- Following this transaction, Hicks directly owns 53,576 shares of Herbalife common stock.
- On May 4, 2025, Hicks disposed of 3,330 shares of common stock at a price of $7.32 to cover tax obligations related to vesting RSUs granted on May 4, 2023.
- Following this transaction, Hicks directly owns 50,246 shares of Herbalife common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. Disposals to cover tax obligations are common.
Stakeholder Impact
- The stock disposals could have a minor impact on shareholders due to the increased supply of shares, but the impact is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of RSU grant related to the May 3, 2025 transaction. |
| 05/04/2023 | Date of RSU grant related to the May 4, 2025 transaction. |
| 05/03/2025 | Date of stock disposal to cover tax obligations. |
| 05/04/2025 | Date of stock disposal to cover tax obligations. |
| 05/06/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Herbalife, Troy Hicks, Chief Operating Officer, Stock Disposal, Restricted Stock Units, Tax Obligations, HLF
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