Herbalife Chairman and CEO Holds Shares Resulting from Net Exercise Transaction of Equity Awards
Business Wire 19-May-2017 4:38 PM
LOS ANGELES--(BUSINESS WIRE)-- Global nutrition company, Herbalife (NYSE: HLF), today announced that Michael O. Johnson, Herbalife's chief executive officer (CEO) and chairman of the companys board of directors, has engaged in a net exercise transaction involving730,000stock appreciation rights that are due to expire inFebruary 2018 and February 2019.Because of his complete confidence in the continued success of the company, Mr. Johnson has decided that he willhold all the shares issued on exercise of theseawards, which will be the total amount, net of those necessary to cover the exercise price and any taxes related to the transaction.
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 exclusivelyto 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 theHerbalife Family Foundation(HFF) and itsCasa Herbalifeprograms to help bring good nutrition to children in need. We also sponsor more than 190 world-class athletes, teams and events around the globe, includingCristiano Ronaldo, theLA Galaxyand champions in many other sports.
The company has over 8,000 employees worldwide, and its shares are traded on theNew York Stock Exchange(NYSE: HLF) with net sales of approximately$4.5 billionin 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