Herbalife President Completes Net Exercise Transaction of Expiring Equity Awards and Elects to Hold Shares
March 11 2016 - 4:55PM
Business Wire
Global nutrition company, Herbalife (NYSE: HLF), today
announced that Des Walsh, Herbalife’s President, has engaged in a
net exercise transaction involving 35,000 stock appreciation rights
that were granted to him in March 2006 and were due to expire in
March 2016. Because of his complete confidence in the continued and
future success of the company, Mr. Walsh 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 Independent
Herbalife 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 7,900 employees worldwide, and its shares
are traded on the New York Stock Exchange (NYSE: HLF) with net
sales of $4.5 billion in 2015. To learn more visit Herbalife.com or
IAmHerbalife.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160311006036/en/
HerbalifeJennifer Butler, 213-745-0420jenb@herbalife.com
Herbalife (NYSE:HLF)
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