Herbalife (NYSE: HLF) CLO has 10,562 shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HERBALIFE LTD. Chief Legal Officer Henry C. Wang reported routine share dispositions related to tax withholding, not open-market sales. On two consecutive days, shares of common stock were withheld to cover taxes triggered by the vesting of previously granted restricted stock units.
In total, 10,562 shares were withheld for tax obligations tied to RSUs granted in 2023 and 2024. After these transactions, Wang directly holds 142,514 shares of Herbalife common stock, including 4,099 shares acquired earlier through the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wang Henry C
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,365 | $15.82 | $69K |
| Tax Withholding | Common Stock | 6,197 | $16.28 | $101K |
Holdings After Transaction:
Common Stock — 142,514 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to satisfy tax obligations due in connection with the vesting of restricted stock units previously granted to the Reporting Person on May 3, 2024. Represents shares withheld to satisfy tax obligations due in connection with the vesting of restricted stock units previously granted to the Reporting Person on May 4, 2023. Balance includes 4,099 shares purchased through the Issuer's Employee Stock Purchase Plan that were not previously reported on the Reporting Person's most recent Form 4.
Key Figures
Tax-withheld shares on 2026-05-04: 4,365 shares at $15.82
Tax-withheld shares on 2026-05-03: 6,197 shares at $16.28
Total shares withheld for taxes: 10,562 shares
+1 more
4 metrics
Tax-withheld shares on 2026-05-04
4,365 shares at $15.82
Shares withheld to satisfy tax obligations on RSU vesting granted May 4, 2023
Tax-withheld shares on 2026-05-03
6,197 shares at $16.28
Shares withheld to satisfy tax obligations on RSU vesting granted May 3, 2024
Total shares withheld for taxes
10,562 shares
Combined tax-withholding dispositions tied to RSU vesting
Shares held after transactions
142,514 shares
Direct Herbalife common stock holdings following tax-withholding entries
Key Terms
restricted stock units, withheld to satisfy tax obligations, Employee Stock Purchase Plan, tax-withholding disposition
4 terms
restricted stock units financial
"vesting of restricted stock units previously granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld to satisfy tax obligations financial
"Represents shares withheld to satisfy tax obligations due in connection with the vesting"
Employee Stock Purchase Plan financial
"shares purchased through the Issuer's Employee Stock Purchase Plan that were not previously reported"
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.
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.
FAQ
What insider activity did Herbalife (HLF) report for Henry C. Wang?
Herbalife Chief Legal Officer Henry C. Wang reported share dispositions used to pay taxes on restricted stock units. These were tax-withholding transactions, not open-market sales, and occurred when his RSUs vested in early May, based on prior equity grants.
Does the Herbalife CLO still hold a significant stake after these transactions?
Yes, after the tax-withholding dispositions, Henry C. Wang directly holds 142,514 Herbalife common shares. This remaining position includes 4,099 shares previously purchased through the company’s Employee Stock Purchase Plan, which had not been reported in his prior Form 4 filing.