Form 4: Herbalife Executive Jehangir D. Irani Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jehangir D. Irani, SVP, PAO of Herbalife Ltd., reports disposing of 2,114 shares of common stock on February 25, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 25, 2025, Jehangir D. Irani, SVP, PAO of Herbalife Ltd., reported a transaction involving the disposal of company stock.
- The transaction involved the disposal of 2,114 shares of common stock.
- The shares were disposed of to satisfy tax obligations related to the vesting of restricted stock units previously granted on February 25, 2022.
- The price per share for the disposal was $8.29.
- Following the transaction, Irani directly owns 64,459 shares of Herbalife stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (stock disposal for tax obligations) with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of executives covering tax obligations through stock disposal.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of original grant of restricted stock units. |
| 02/25/2025 | Date of stock disposal to cover tax obligations and date of filing. |
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