Herbalife (HLF) CEO Enters Trading Plan Covering 732K Shares
More News related to HLF
- Five Ways to Avoid (Personal) Excess Baggage When Traveling This Holiday Season
- Herbalife to Participate in Morgan Stanley Consumer Conference
- Herbalife (HLF) CEO Enters Trading Plan Covering 732K Shares
- Herbalife Chairman and CEO Implements Orderly Stock Trading Plan; Will Retain Half of Net Proceeds in Company Stock
- Herbalife Opens New Markets in Vietnam and Paraguay
More News related to Insider Trades
- Susquehanna Maintains a 'Positive' Rating on Hewlett-Packard (HPQ); Raises PT to $58
- Credit Suisse Maintains an 'Outperform' on Newmont Mining (NEM), Raises PT
- Ford (F) Analyst Falls Asleep at the Wheel, Can't Get Ahead of the Stock
- JP Morgan Makes Positive Comments on GE: Sees Improvements in GE Capital
- Brean Murray Maintains a 'Buy' on Tech Data (TECD); Raises PT to $50
Herbalife Ltd. (NYSE: HLF) announced that Chairman and CEO Michael O. Johnson has established a pre-arranged personal stock trading plan to address the upcoming expiration of certain stock options and for asset allocation and estate planning purposes. The plan was adopted in accordance with guidelines specified by Rule 10b5-1 of the Securities and Exchange Act, as well as Herbalife’s policies with respect to sales by officers and directors.
The purpose of the pre-arranged personal stock trading plan, which was discussed with and acknowledged by the Herbalife board of directors on October 29, 2009, is intended to provide Johnson, who receives a substantial portion of his compensation in the form of equity awards, with the ability to exercise and sell certain previously granted options before such options expire in three years. This pre-arranged personal stock trading plan covers 732,370 shares out of the 2,702,054 total shares, which, under SEC rules, Johnson beneficially owns, including stock owned, stock options, stock appreciation rights, and restricted stock units.
Related Categories
Insider TradesStocks Mentioned
-0.31Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
