Form 4: Natures Sunshine Products Inc. Executive Jonathan David Lanoy Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Jonathan David Lanoy, SVP and Chief Accounting Officer of Natures Sunshine Products Inc., reports disposing of 1,074 common shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 20, 2024, Jonathan David Lanoy, the SVP and Chief Accounting Officer of Natures Sunshine Products Inc. (NATR), disposed of 1,074 common shares.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units granted on April 20, 2023.
- The shares were disposed of at a price of $19.29 per share.
- Following the transaction, Lanoy directly owns 50,337 common shares of Natures Sunshine Products Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to tax obligations and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives. The disposal of shares to cover tax obligations is a typical occurrence when restricted stock units vest.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Date of restricted stock units grant to the reporting person. |
| 04/19/2024 | Date the number of shares withheld was determined based on the closing price of NATR common stock. |
| 04/20/2024 | Date of the transaction where common shares were disposed of to cover tax obligations. |
| 04/23/2024 | Date of signature for the report. |
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