Herbert Kevin R. 4
4 · NATURES SUNSHINE PRODUCTS INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Natures Sunshine (NATR) EVP Herbert Kevin R. Receives RSU Award, Exercises RSUs
What Happened
Herbert Kevin R., EVP & President, North America of Natures Sunshine (NATR), had three related transactions on 2026-03-06: (1) conversion/exercise of 1,239 derivative units into shares (code M) at $0 cash cost, (2) 368 shares were withheld to cover taxes (code F) valued at $9,222, and (3) a grant of 7,124 restricted stock units (RSUs) (code A) valued at $25.06 each for a total grant value of $178,527. The exercise/ conversion reflects the vesting of a prior performance-based RSU award.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (accession 0001628280-26-016587).
- Exercise/conversion: 1,239 shares @ $0 (acquired).
- Tax withholding: 368 shares @ $25.06 (disposed) = $9,222.
- New grant: 7,124 RSUs @ $25.06 = $178,527 (acquired).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes:
- F1: The 1,239 vested shares come from a March 11, 2024 performance‑based RSU grant tied to an adjusted EBITDA milestone; half vested on achievement and the other half vests one year later.
- F2: 368 shares were withheld to pay taxes; the withholding amount was calculated using the March 6, 2026 closing price.
- F3: The 7,124 shares are RSUs that vest in three equal annual installments through March 6, 2029.
- Filing timeliness: No late‑filing indication provided in the excerpt.
Context
- Code M here reflects conversion/settlement of derivative RSUs (not an open‑market purchase). Code F indicates share withholding to satisfy tax obligations (a routine administrative step). Code A is a time‑based RSU grant.
- These transactions are mainly awards/vesting (common for executive compensation) rather than a market purchase or sale; awards signal compensation events rather than direct insider purchases or liquidations.
Insider Transaction Report
Form 4
Herbert Kevin R.
EVP & President, North America
Transactions
- Exercise/Conversion
Common Shares
[F1]2026-03-06+1,239→ 43,854 total - Tax Payment
Common Shares
[F2]2026-03-06$25.06/sh−368$9,222→ 43,486 total - Award
Common Shares
[F3]2026-03-06$25.06/sh+7,124$178,527→ 50,610 total
Footnotes (3)
- [F1]These shares are vested shares resulting from the achievement of an adjusted EBITDA milestone of $48M over a rolling 12-month period pursuant to a March 11, 2024, performance-based restricted stock unit grant to the reporting person. As a result, half of the target vests upon achievement of the target and another half will vest one year following the achievement of such milestone.
- [F2]Represents shares of NATR common stock withheld to pay taxes upon vesting of restricted stock units granted to the reporting person on March 6, 2026. The number of shares withheld was determined on March 6, 2026, based on the closing price of NATR common stock on that date.
- [F3]These shares are in the form of restricted stock units (RSUs). Each RSU represents the right to receive one share of NATR common stock. These RSUs vest in three equal annual installments from the initial grant date through March 6, 2029.
Signature
Nathan G. Brower as attorney-in-fact for Kevin R. Herbert|2026-03-10