Herbert Kevin R. 4

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.