NATURES SUNSHINE PRODUCTS INC
For the period ended May 1, 2024. Filed Mar 15, 2024.
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May 1, 2024 · Filed Mar 15, 2024
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Contents
Summary Compensation Table
| Summary | Governance | Directors | Officers | Compensation | Proposals | Other |
| Summary Compensation Table | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The following table and footnotes show information regarding the total compensation of each NEO for 2023, 2022, and 2021. | ||||||||||||||
| Name and Principal Position · Year · Salary (1)($) · Bonus ($) · Stock Awards (2)($) · Option Awards ($) · Non-Equity Incentive Plan (3)($) · All OtherCompensation (4)($) · Total ($) | ||||||||||||||
| Terrence MooreheadPresident and Chief Executive Officer | 2023 | 800,000 | — | 1,400,002 | — | 1,279,200 | 42,677 | 3,521,879 | ||||||
| 2022 | 723,559 | — | 2,023,328 | — | — | 38,560 | 2,785,447 | |||||||
| 2021 | 689,585 | — | 1,826,446 | — | 1,008,972 | 38,560 | 3,563,563 | |||||||
| Shane JonesExecutive Vice President, Chief Financial Officer | 2023 | 430,000 | 150,000 | 515,993 | — | 412,542 | 14,536 | 1,523,071 | ||||||
| 2022 | — | — | 550,004 | — | — | — | 550,004 | |||||||
| 2021 | — | — | — | — | — | — | — | |||||||
| Martin GonzalezExecutive Vice President, Global Supply Chain | 2023 | 375,000 | — | 374,998 | — | 299,813 | 15,912 | 1,065,723 | ||||||
| 2022 | 230,769 | 187,443 | 1,047,112 | — | 118,151 | 10,016 | 1,593,491 | |||||||
| 2021 | — | — | — | — | — | — | — | |||||||
| 1) | Amounts for 2023 include amounts that were deferred from the executive salaries into the 401(k) plan in 2023, as follows: Mr. Moorehead-$22,500; Mr. Jones-$22,500; and Mr. Gonzalez-$22,500. |
| 2) | Amounts reflect the aggregate grant date fair value of the RSU grant made in each applicable year, in each instance calculated in accordance with FASB ASC Topic 718. See Note 12 of the Notes to Consolidated Financial Statements set forth in the 2023 Annual Report on Form 10-K filed with the SEC on March 12, 2024, for a description of the assumptions used in calculating such fair value. For this purpose, the estimate of forfeitures relating to vesting conditions is disregarded. The aggregate grant date fair value of the 2023 Performance-Based RSUs, assuming achievement of the maximum performance level, would be: Mr. Moorehead-$700,001; Mr. Jones-$257,996; and Mr. Gonzalez $187,499. |
| 3) | For a detailed discussion of payments made under our annual cash incentive program, see the section above entitled “Narrative Discussion of Compensation Policies-Annual Cash Incentive.” |
| 4) | “All Other Compensation” includes the following amounts paid by the Company for the year ended December 31, 2023. The amounts disclosed are the actual costs of providing these benefits. |
| Name · 401(k) Plan Company Contribution ($) · Life Insurance Premium($) · Product Credit ($) (A) · Miscellaneous Other ($) (B) · Total ($) | ||||||
|---|---|---|---|---|---|---|
| Terrence Moorehead | 11,550 | 12,277 | 750 | 18,100 | 42,677 | |
| Shane Jones | 11,550 | 2,236 | 750 | — | 14,536 | |
| Martin Gonzalez | 11,550 | 3,612 | 750 | 15,912 | ||
| A) | Includes $750 of product credit for each NEO. |
|---|---|
| B) | Includes $18,000 automobile allowance for Mr. Moorehead. |
| Nature's Sunshine Products, Inc. | 43 |
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