Herbalife Chairman and CEO Completes Net Exercise Transaction of Expiring Equity Awards
March 01 2017 - 5:40PM
Business Wire
Global nutrition company, Herbalife (NYSE: HLF), today announced
that Michael O. Johnson, Herbalife's chairman and CEO, has engaged
in a net exercise transaction involving 290,000 stock
appreciation rights that were due to expire
in May 2017. Because of his complete confidence in
the continued and future success of the company, Mr. Johnson has
decided that he will hold all the shares issued on exercise of
these awards, which will be the total amount, net of those
necessary to cover the exercise price and any taxes related to the
transaction.
About Herbalife
Herbalife is a global nutrition company that has been changing
people's lives with great products since 1980. Our nutrition,
weight-management, energy and fitness and personal care products
are available exclusively to and through dedicated Herbalife
Independent Members in more than 90 countries. We are committed to
fighting the worldwide problems of poor nutrition and obesity by
offering high-quality products, one-on-one coaching with an
Herbalife Member and a community that inspires customers to live a
healthy, active life.
We support the Herbalife Family Foundation (HFF) and
its Casa Herbalife programs to help bring good nutrition
to children in need. We also sponsor more than 190 world-class
athletes, teams and events around the globe,
including Cristiano Ronaldo, the LA Galaxy and champions
in many other sports.
The company has over 8,000 employees worldwide, and its shares
are traded on the New York Stock Exchange (NYSE: HLF)
with net sales of approximately $4.5 billion in 2016. To
learn more, visit Herbalife.com or IAmHerbalife.com.
The company also encourages investors to visit its investor
relations website at http://ir.herbalife.com as financial and other
information is updated and new information is posted.
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Herbalife Ltd.Jen Butler, 213-745-0420VP, Media
Relationsjenb@herbalife.comorInvestor Contact:Alan Quan,
213-745-0541VP, Investor Relationsalanqu@herbalife.com
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