secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001193125-24-005296
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000119312524005296/0001193125-24-005296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000119312524005296/d713867d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-005296

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