MICHAEL JOHNSON - 22 Dec 2022 Form 4 Insider Report for HERBALIFE NUTRITION LTD. (HLF)

Role: Chairman & CEO, Director
Signature: Jenna Lo, as Attorney-in-Fact for Michael O. Johnson
Issuer symbol: HLF
Transactions as of: 22 Dec 2022
Transactions value $: $0
Form type: 4
Filing time: 27 Dec 2022, 15:28:56 UTC
Previous filing: 13 Dec 2022
Next filing: 27 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLF	Common Stock	Award	$0	+346K	+125.8%	$0.00	621K	22 Dec 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HLF	Stock Appreciation Rights	Award	$0	+784K		$0.00	784K	22 Dec 2022	Common Stock	784K	$14.45	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Consists of restricted stock units ("RSUs") granted under the Herbalife Ltd. 2014 Stock Incentive Plan. The RSUs will vest 50% on December 22, 2023, and December 22, 2024, subject to certain terms and conditions of his continuing service as CEO and/or member of the Board.
F2	On December 22, 2022, the reporting person was granted 783,699 SARs. These SARs will vest 100% on December 22, 2024, subject to certain terms and conditions of his continuing service as CEO and/or member of the Board.