Herbalife Chairman and CEO Holds Shares Resulting from Net Exercise Transaction of Equity Awards
May 19 2017 - 4:38PM
Business Wire
Global nutrition company, Herbalife (NYSE: HLF), today announced
that Michael O. Johnson, Herbalife's chief executive officer
(“CEO”) and chairman of the company’s board of directors, has
engaged in a net exercise transaction
involving 730,000 stock appreciation rights that are due
to expire in February 2018 and February 2019. Because of
his complete confidence in the continued 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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