Norman Daniel C 4
4 · NATURES SUNSHINE PRODUCTS INC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Nature's Sunshine (NATR) EVP Daniel C. Norman Receives Award
What Happened
- Daniel C. Norman, EVP & President, Asia of Nature's Sunshine Products, had performance-based restricted stock units vest on May 5, 2026. Three conversions/exercises (code M) resulted in issuance of 2,448, 2,716 and 2,124 shares (total 7,288) at $0.00 per share (these reflect RSU vesting, not a cash purchase).
- To satisfy tax withholding (code F), the company withheld 707, 784 and 613 shares (total 2,104) at $25.91 per share, generating proceeds of $18,322; $20,317; and $15,886 respectively (combined ~$54,525). The withheld-share amounts were determined based on the May 5, 2026 closing price.
Key Details
- Transaction date: May 5, 2026; Form filed May 7, 2026 (timely).
- Acquired: 7,288 shares via RSU settlement (reported as derivative conversion/exercise, code M) at $0.00 per share.
- Disposed/withheld: 2,104 shares for tax withholding (code F) at $25.91, total ~$54,525.
- Footnotes: Vesting tied to achievement of adjusted EBITDA milestones under performance-based RSU grants (grants dated July 21, 2022; April 20, 2023; March 10, 2025). Half of each target vests on milestone achievement; the other half vests one year later. One footnote notes withholding was calculated using the May 5, 2026 closing price.
- Shares owned after the transaction are not shown in the provided excerpt.
Context
- These transactions reflect settlement of performance-based RSUs and a net share/cashless tax withholding—common compensation mechanics—not an open-market sale or purchase signal.
- The acquisitions are awards (not purchases), and the withheld shares simply satisfy withholding obligations; they don't necessarily indicate the insider is bearish or otherwise adjusting a personal market position.
Insider Transaction Report
Form 4
Norman Daniel C
EVP & President, Asia
Transactions
- Exercise/Conversion
Common Shares
[F1]2026-05-05+2,448→ 42,876 total - Tax Payment
Common Shares
[F2]2026-05-05$25.91/sh−707$18,322→ 42,169 total - Exercise/Conversion
Common Shares
[F3]2026-05-05+2,716→ 44,885 total - Tax Payment
Common Shares
[F2]2026-05-05$25.91/sh−784$20,317→ 44,101 total - Exercise/Conversion
Common Shares
[F4]2026-05-05+2,124→ 46,225 total - Tax Payment
Common Shares
[F2]2026-05-05$25.91/sh−613$15,886→ 45,612 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.
Signature
/s/ Nathan G. Brower as attorney-in-fact for Daniel C. Norman|2026-05-07