Norman Daniel C 4

What Happened

• Daniel C. Norman, EVP & President, Asia of Natures Sunshine Products, had restricted stock units vest on March 6, 2026. The Form 4 shows an acquisition/award of 10,088 shares (valued at $25.06/share, total ~$252,805), a conversion/exercise or conversion of 1,541 derivative units into shares (reported at $0), and 527 shares were withheld to satisfy tax withholding obligations (disposed for $25.06/share, total $13,207).
• These transactions reflect vesting/acquisition of RSUs and associated tax withholding rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: March 6, 2026; filing date: March 10, 2026 (filed within required timeframe).
• Price(s): shares valued at $25.06 per share (closing price used to calculate withholding).
• Items reported: M = conversion/exercise of derivative (1,541 shares @ $0), A = grant/award acquisition (10,088 shares @ $25.06), F = tax withholding (527 shares disposed @ $25.06 for $13,207).
• Footnotes:
  • F1: These vested shares result from achieving an adjusted EBITDA milestone ($48M rolling 12-month) under a March 11, 2024 performance-based RSU grant (half vests on achievement; remaining half vests one year later).
  • F2: 527 shares were withheld to pay taxes upon vesting; withholding calculated using the March 6 closing price.
  • F3: The RSUs are structured as units that convert to one share each and vest in scheduled installments through March 6, 2029.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.

Context

• This was a vesting/award event (RSUs converting to shares) with a routine tax-withholding sale — not an open-market sale by the insider. For derivative transactions: the M code indicates conversion/exercise of a derivative into shares rather than a cash purchase.
• Such vesting-related filings indicate compensation-related issuance rather than a direct bullish or bearish market signal.