Lamberti Frank 4

What Happened Frank Lamberti, Chief Commercial Officer of Herbalife Ltd. (HLF), had a total of 8,224 shares withheld to satisfy tax obligations tied to the vesting of restricted stock units. On 2026-05-03, 6,197 shares were withheld at an effective price of $16.28 ($100,887), and on 2026-05-04, 2,027 shares were withheld at $15.82 ($32,067), for a combined value of roughly $132,954. This was tax withholding on vesting (routine disposition), not an open-market sale intended as a directional trade.

Key Details

• Transaction dates and amounts:
  • 2026-05-03: 6,197 shares withheld @ $16.28 = $100,887 (footnote F1)
  • 2026-05-04: 2,027 shares withheld @ $15.82 = $32,067 (footnote F2)
• Total shares withheld: 8,224; total value ≈ $132,954.
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes: F1 and F2 state these withholdings satisfied tax obligations from RSUs granted on May 3, 2024 and May 4, 2023, respectively.
• Transaction code: F = tax withholding to cover tax liabilities on vested awards.
• Filing: Report filed 2026-05-05 for transactions on 2026-05-03 and 05-04 — appears to be timely under the Form 4 two-business-day rule.

Context Withholding shares to cover taxes is common when restricted stock units vest and generally reflects routine tax settlement rather than a deliberate sell decision. These withheld shares are essentially a cashless settlement of tax obligations and should not be interpreted as a buy/sell signal about the executive’s view of the company.