Yates Bryant J 4
4 · NATURES SUNSHINE PRODUCTS INC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
NATR EVP Yates Bryant Exercises RSUs; Shares Withheld for Taxes
What Happened
Yates Bryant J, EVP & President, Europe of Natures Sunshine Products (NATR), had performance-based restricted stock units convert/vest on May 5, 2026. He was credited with a total of 6,798 shares (2,448 + 2,716 + 1,634) at an exercise/conversion price of $0.00 (i.e., no cash exercise price). To satisfy tax withholding obligations, the company withheld/disposed of 1,963 of those shares (707 + 784 + 472) at the closing price of $25.91, a recorded value of approximately $50,871. This is a vesting event (receipt of shares) rather than an open‑market purchase or voluntary sale.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely).
- Acquisitions: 6,798 shares acquired via conversion/vesting (price $0.00).
- Disposals (tax withholding): 1,963 shares withheld at $25.91 per share; reported value ≈ $50,871.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes: Vesting was triggered by achievement of adjusted EBITDA milestones tied to performance-based RSU grants (grants dated July 21, 2022; April 20, 2023; March 10, 2025). The withheld shares reflect tax withholding upon vesting (withholding determined using the May 5, 2026 closing price).
- Transaction codes: M = exercise/conversion of derivative (vesting of RSUs); F = shares withheld to pay tax liability.
Context
This was effectively a vesting of performance-based RSUs (no cash paid to acquire the shares) with a routine company withholding of a portion of the vested shares to cover taxes. Such tax-withholding dispositions are common and do not necessarily signal a change in the insider’s view of the company; they reflect tax obligations when equity awards vest.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-05-05+2,448→ 78,274 total - Tax Payment
Common Shares
[F2]2026-05-05$25.91/sh−707$18,322→ 77,567 total - Exercise/Conversion
Common Shares
[F3]2026-05-05+2,716→ 80,283 total - Tax Payment
Common Shares
[F2]2026-05-05$25.91/sh−784$20,317→ 79,499 total - Exercise/Conversion
Common Shares
[F4]2026-05-05+1,634→ 81,133 total - Tax Payment
Common Shares
[F2]2026-05-05$25.91/sh−472$12,232→ 80,661 total
Footnotes (4)
- [F1]These shares are vested shares resulting from the company's achievement of an adjusted EBITDA milestone of $51.1M over a rolling 12-month period pursuant to a July 21, 2022, 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 May 5, 2026. The number of shares withheld was determined on May 5, 2026, based on the closing price of NATR common stock on that date.
- [F3]These shares are vested shares resulting from the company's achievement of an adjusted EBITDA milestone of $51.1M over a rolling 12-month period pursuant to an April 20, 2023, 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.
- [F4]These shares are vested shares resulting from the company's achievement of an adjusted EBITDA milestone of $52M over a rolling 12-month period pursuant to a March 10, 2025, 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.