Form 4: Herbalife Executive Stephan Paulo Gratziani Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Stephan Paulo Gratziani, President at Herbalife, disposed of 3,463 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On November 3, 2024, Stephan Paulo Gratziani, President of Herbalife Ltd., disposed of 3,463 shares of common stock.
- The shares were withheld to satisfy tax obligations related to the vesting of restricted stock units previously granted on November 3, 2023.
- The transaction was executed at a price of $7.83 per share.
- Following the transaction, Gratziani directly owns 134,333 shares of Herbalife Ltd.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
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 shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/03/2023 | Date of original grant of restricted stock units. |
| 11/03/2024 | Date of transaction (stock disposal for tax obligations). |
| 11/05/2024 | Date of signature on the SEC Form 4 filing. |
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