Herbalife (NYSE: HLF) COO sells shares after exercising stock appreciation rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERBALIFE LTD. Chief Operating Officer Troy Hicks reported multiple stock transactions involving common shares. On May 18, 2026, he exercised stock appreciation rights covering 83,270 shares at exercise prices of $9.58 and $8.31 per share, converting these awards into common stock.
On the same date, a total of 72,626 shares were disposed of to cover tax obligations at a reported price of $12.59 per share. Hicks also conducted open-market sales of 38,377 shares on May 18 at a weighted average price of $12.9325 per share and 10,000 shares on May 19 at a weighted average price of $12.3245 per share.
Following these transactions, Hicks directly owned 9,706 shares of Herbalife common stock. The filing notes that the sale prices were weighted averages for trades executed within stated price ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 48,377 shares ($619,556)
Net Sell
8 txns
Insider
Hicks Troy
Role
Chief Operating Officer
Sold
48,377 shs ($620K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $12.3245 | $123K |
| Exercise | Stock Appreciation Right | 17,481 | $0.00 | -- |
| Exercise | Stock Appreciation Right | 65,789 | $0.00 | -- |
| Sale | Common Stock | 38,377 | $12.9325 | $496K |
| Exercise | Common Stock | 17,481 | $8.31 | $145K |
| Tax Withholding | Common Stock | 14,562 | $12.59 | $183K |
| Exercise | Common Stock | 65,789 | $9.58 | $630K |
| Tax Withholding | Common Stock | 58,064 | $12.59 | $731K |
Holdings After Transaction:
Common Stock — 9,706 shares (Direct, null);
Stock Appreciation Right — 34,964 shares (Direct, null)
Footnotes (1)
- The reported price is a weighted average price. The Shares were sold in multiple transactions at prices ranging from $12.7550 to $13.1300. Upon request, the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares sold at each price within the range set forth above. Includes 3,407 shares acquired under the Issuer's Employee Stock Purchase Plan in 2025 subsequent to the Reporting Person's last Form 4. The reported price is a weighted average price. The Shares were sold in multiple transactions at prices ranging from $12.2300 to $12.4100. Upon request, the Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, full information regarding the number of shares sold at each price within the range set forth above.
Key Figures
Open-market sales: 48,377 shares
May 18 sale price: $12.9325/share
May 19 sale price: $12.3245/share
+4 more
7 metrics
Open-market sales
48,377 shares
Common Stock sold on May 18–19, 2026
May 18 sale price
$12.9325/share
Weighted average price for 38,377 shares sold
May 19 sale price
$12.3245/share
Price per share for 10,000 shares sold
Awards exercised
83,270 shares
Common Stock from stock appreciation right exercises
Exercise prices
$9.58 and $8.31/share
Stock appreciation right conversion prices
Tax withholding shares
72,626 shares
Shares delivered to satisfy tax obligations at $12.59
Shares held after
9,706 shares
Direct common stock holdings after transactions
Key Terms
Stock Appreciation Right, weighted average price, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Stock Appreciation Right financial
"security_title": "Stock Appreciation Right""
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
weighted average price financial
"The reported price is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Employee Stock Purchase Plan financial
"acquired under the Issuer's Employee Stock Purchase Plan in 2025"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
FAQ
What did Herbalife (HLF) COO Troy Hicks report in this Form 4?
Troy Hicks reported exercising stock appreciation rights and related share dispositions. He converted awards into 83,270 common shares, had 72,626 shares withheld for taxes, and completed open-market sales totaling 48,377 shares over May 18–19, 2026.
What exercise prices applied to Troy Hicks’s Herbalife equity awards?
Hicks exercised stock appreciation rights linked to 65,789 shares at an exercise price of $9.58 and 17,481 shares at $8.31. These exercises converted his derivative awards into Herbalife common stock before subsequent tax withholding and sales transactions.