---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-005296"
form_type: "8-K"
ticker: "HLF"
cik: "0001180262"
company_name: "HERBALIFE LTD."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:18:24.648095+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Herbalife CEO Johnson signs new deal: $1.28M salary, $8M equity, term to Dec 2024

## Summary
- Base salary $1,280,000; annual bonus target $1,920,000 (max 300% of target).
- Equity award $8,000,000 grant-date fair value: 50% RSUs, 50% SARs; vests 50% on 1-yr anniversary, 50% by Jan 3, 2026 or when new non-interim CEO appointed.
- Personal use of company aircraft up to $500,000 per year.
- If terminated without cause, RSUs fully vest, SARs pro-rata; forfeited if CEO resigns before Dec 31, 2024 without successor. Not eligible for Executive Officer Severance Plan.

## SEC filing metadata
- accession: 0001193125-24-005296
- form_type: 8-K
- ticker: HLF
- cik: 0001180262
- company_name: HERBALIFE LTD.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1180262/000119312524005296/0001193125-24-005296-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1180262/000119312524005296/d713867d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-005296
- JSON: https://secwatch.observer/filing/0001193125-24-005296.json
- Plain text: https://secwatch.observer/filing/0001193125-24-005296.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.