Hicks Troy 4

What Happened Troy Hicks, Chief Operating Officer of Herbalife Ltd. (HLF), received a grant of 33,301 stock appreciation rights (SARs) on February 25, 2026. The Form 4 reports the grant as a derivative award with a $0.00 per-share price at grant (i.e., no immediate cash outlay or sale proceeds reported). The SARs will vest in three equal installments on Feb 25 of 2027, 2028 and 2029, subject to continued service.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (timely filing, within two business days).
• Transaction code: A (award/grant). Amount: 33,301 SARs; report shows $0.00 per unit at grant.
• Footnote: SARs granted under the Herbalife Ltd. Amended and Restated 2023 Stock Incentive Plan; vest 1/3 on Feb 25 each year 2027–2029, subject to continued service.
• Shares owned after transaction: not specified on this Form 4.
• This is a compensation award, not an open-market purchase or sale.

Context SARs are derivative awards that give the holder the right to benefit from future appreciation in the company’s stock (subject to plan terms and vesting). Because this is a granted incentive that vests over time, it does not represent an immediate purchase or sale of common stock and should be viewed as part of executive compensation rather than a direct insider market signal.