UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No. )

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☑	Definitive Proxy Statement
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☐	Soliciting Material Pursuant to §240.14a-12

NU SKIN ENTERPRISES, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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☐	Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS OF

NU SKIN ENTERPRISES, INC.

NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders (the “Annual Meeting”) of Nu Skin Enterprises, Inc., a Delaware corporation, will be held at 11:00 a.m., Mountain Daylight Time, on June 7, 2023, at our corporate offices, 75 West Center Street, Provo, Utah 84601.

At the Annual Meeting, you will be asked to consider and vote on the following matters, which are more fully described in the proxy statement:

To elect the nine directors named in the attached proxy statement;

To hold an advisory vote to approve our executive compensation;

To hold an advisory vote on the frequency of future stockholder advisory votes on our executive compensation;

To ratify the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2023; and

To transact such other business as may properly come before the Annual Meeting.

The Board of Directors has fixed the close of business on April 10, 2023 as the record date for determining the stockholders entitled to receive notice of and to vote at the Annual Meeting or any adjournment or postponement thereof.

You are cordially invited to attend the Annual Meeting in person. However, to ensure your representation at the Annual Meeting, please mark, sign, date and return the accompanying proxy card as promptly as possible in the enclosed postage-paid envelope, or use the internet or telephone methods that are described on the proxy card. If you attend the Annual Meeting, you may, if you wish, withdraw your proxy and vote at the meeting.

Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be Held on June 7, 2023: The proxy statement and annual report to stockholders are available at materials.proxyvote.com/67018T.

	By Order of the Board of Directors,

	STEVEN J. LUND
	Chairman of the Board
	Provo, Utah April 14, 2023

PROXY SUMMARY

The following summary provides quick information for purposes of Nu Skin’s 2023 Annual Meeting. It does not contain all of the information provided elsewhere in the proxy statement; therefore, you should read the entire proxy statement carefully before voting. This proxy statement and form of proxy are first being sent or given to our stockholders on or about April 26, 2023.

ANNUAL MEETING INFORMATION

Date:	June 7, 2023
Time:	11:00 a.m., Mountain Daylight Time
Location:	Nu Skin Corporate Offices, 75 West Center Street, Provo, Utah 84601
Record date:	April 10, 2023

PROPOSALS

Proposal		Board Recommendation	More Information
1.	Election of the nine directors named in this proxy statement	For each director nominee	Page 3
2.	Approval of our executive compensation*	For	Page 51
3.	Frequency of future stockholder advisory votes on our executive compensation*	1 year	Page 53
4.	Ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2023*	For	Page 54

* Advisory vote

CORPORATE GOVERNANCE AND COMPENSATION HIGHLIGHTS

See pages 8 and 22, respectively.

BOARD COMPOSITION

TABLE OF CONTENTS

Solicitation of Proxies		1
Voting Provisions		1
Proposal 1: Election of Directors		3
Corporate Governance		8
	Corporate Governance Highlights	8
	Director Independence	9
	Board Leadership Structure	9
	Risk Oversight	10
	Cybersecurity and Privacy	11
	Human Capital Management	11
	Sustainability	12
	Board of Directors Meetings	13
	Board Committees	13
	Board and Committee Evaluations	15
	Our Director Nomination Process	15
	Communications with Directors	16
	Additional Corporate Governance Information	16
Director Compensation		17
Executive Compensation: Compensation Discussion and Analysis		19
	Executive Summary	19
	Compensation Overview	23
	Components of Compensation	24
	Process for Determining Compensation	30
	Other Compensation-Related Governance	32
	Compensation and Human Capital Committee Report	34
Executive Compensation Tables and Accompanying Narrative		35
Other Compensation Information		46
	Equity Compensation Plan Information	46
	CEO Pay Ratio Information	46
	Pay Versus Performance	47
Proposal 2: Advisory Vote To Approve Our Executive Compensation		51
Proposal 3: Advisory Vote on the Frequency of Future Stockholder Advisory Votes on Our Executive Compensation		53
Proposal 4: Ratification of Selection of Independent Registered Public Accounting Firm		54
	Fees to Independent Registered Public Accountants	54
	Audit and Non-Audit Services Pre-Approval Policy	55
	Audit Committee Report	56
Certain Relationships and Related-Person Transactions		57
Security Ownership of Certain Beneficial Owners and Management		58
Stockholder Proposals for 2024 Annual Meeting		60
Householding		60
Cautionary Statement Regarding Forward-Looking Statements		61
Other Matters		61
Form of Proxy Card

Emma S. Battle
Director since 2021	Compensation and Human Capital Committee (Chair) Nominating and Corporate Governance Committee
Emma S. Battle, 62, has served as the President and Chief Executive Officer of Market Vigor, LLC, a business services company focused on strategic consulting and digital and online marketing, since she founded the company in 2003. From 2015 to 2017, Ms. Battle was Vice President of Client Success at Windsor Circle, an e-commerce marketing company. Previously, she served in executive and senior marketing and sales roles at Three Ships Media, Red Hat, Art.com, 1 Sync and Sara Lee Branded Apparel (now known as Hanesbrands Inc.). Ms. Battle has served on the board of directors of Unifi, Inc., a global textile solutions provider listed on the NYSE, since January 2021 and of Bassett Furniture Industries, Inc., a manufacturer and marketer of home furnishings listed on the Nasdaq Global Select Market, since October 2020. From 2019 to 2020, she was on the board of directors of Primo Water Corporation, a provider of drinking water products that was listed on the Nasdaq Global Market until the company was acquired in 2020. Ms. Battle pursues continuing education through online classes and membership in professional organizations like Brentwood Advisory Group, and supports and collaborates with current and aspiring board directors through UNC’s Director Diversity Initiative, Onboard NC, Santa Clara University’s Black Corporate Board Readiness program and the Take Your Seat initiative. Ms. Battle also devotes time to charitable and civic causes; since 2017 she has served as the President and Chief Executive Officer of Higher Ed Works, a charitable organization that supports public higher education in North Carolina, and she also serves on the boards of FPG Child Development Institute and Elon University’s School of Business. She received a B.A. degree from Duke University and a M.B.A. degree from Harvard Business School. Ms. Battle is a successful businessperson with an extensive background in digital and online marketing, marketing analytics, and business and marketing strategy, which is valuable to the Board as we continue to build our digital business. She also brings to the Board her perspective from working with other large corporations and on other public company boards. In addition, Ms. Battle’s experience managing and consulting with smaller, entrepreneurial businesses provides a valuable perspective in managing our business in a manner that is effective for our independent sales force. The Board also values Ms. Battle’s commitment to sustainability and social responsibility, which are two areas of focus for our company and many stockholders.

Daniel W. Campbell
Director since 1997	Lead Independent Director Audit Committee Compensation and Human Capital Committee
Daniel W. Campbell, 68, has been a Managing General Partner of EsNet, Ltd., a privately held investment company, since 1994. He served on the Utah State Board of Regents for Higher Education from 2010 to 2019, having served as its Vice Chair from 2012 to 2014 and as Chair from 2014 to 2018. From 1992 to 1994, Mr. Campbell was the Senior Vice President and Chief Financial Officer of WordPerfect Corporation, a software company, and prior to that was a partner of Price Waterhouse LLP. He received a B.S. degree from Brigham Young University. Mr. Campbell is a recognized business leader with expertise in the areas of finance, accounting, transactions, corporate governance and management. He has served on the boards of several other private and public companies. In addition, through his experience as a partner of an international accounting firm, and later as Chief Financial Officer of a large technology company, Mr. Campbell has developed deep insight into the management, operations, finances and governance of public companies.

Andrew D. Lipman
Director since 1999	Audit Committee Nominating and Corporate Governance Committee
Andrew D. Lipman, 71, is a partner and head of the Telecommunications, Media and Technology Group at Morgan, Lewis & Bockius LLP, an international law firm that he joined in 2014. He previously held similar positions with Bingham McCutchen LLP from 2006 to 2014 and Swidler Berlin LLP from 1988 to 2006. From 2000 to 2013, Mr. Lipman served as a member of the board of directors of The Management Network Group, Inc., a telecommunications related consulting firm, and from 2005 to 2013, he served as a member of the board of directors of Sutron Corporation, a provider of hydrological and meteorological monitoring products. He received a B.A. degree from the University of Rochester and a J.D. degree from Stanford Law School. Mr. Lipman is a highly experienced senior lawyer and business advisor with over 40 years of experience dealing with international regulatory, technology and marketing issues in multiple countries. In addition, he has extensive experience in corporate governance and related legal and transactional issues. Mr. Lipman has worked closely with dozens of public companies, including service on the boards of a variety of companies in several industries. His experience also includes managing and implementing strategic initiatives and launching new products and markets globally in competitive industries.

Steven J. Lund
Director since 1996 (includes three-year leave of absence)	Executive Chairman of the Board
Steven J. Lund, 69, has served as the Chairman of the Board since 2012. Mr. Lund previously served as Vice Chairman of the Board from 2006 to 2012. Mr. Lund served as President, Chief Executive Officer and a director of our company from 1996, when our company went public, until 2003, when he took a three-year leave of absence. Mr. Lund was one of our company’s founders. He is a trustee of the Force for Good Foundation, a charitable organization that our company established in 1996 to help encourage and drive the philanthropic efforts of our company and its employees, sales force and customers to enrich the lives of others. Mr. Lund worked as an attorney in private practice prior to joining our company as Vice President and General Counsel. He received a B.A. degree from Brigham Young University and a J.D. degree from Brigham Young University’s J. Reuben Clark Law School. Mr. Lund brings to the Board over 35 years of company and industry knowledge and experience as a senior executive, including service as our General Counsel, Executive Vice President, and President and Chief Executive Officer. He played an integral role in managing our growth from start-up through his term as President and Chief Executive Officer. Mr. Lund also served on the Executive Board of the United States Direct Selling Association. A respected leader in his business, religious and civic communities, he currently serves as a general officer of The Church of Jesus Christ of Latter-day Saints and serves on this Church’s Board of Education with oversight of its institutions of higher education, including Brigham Young University. He previously served on the Utah State Board of Regents for Higher Education and as Chairman of the Board of Trustees of Utah Valley University.

Ryan S. Napierski
Director since 2021	President and Chief Executive Officer
Ryan S. Napierski, 49, has served as our company’s CEO since September 2021 and as President since 2017. Previously, he served as President of Global Sales and Operations from 2015 to 2017. Prior to serving in that position, he served as both President of our North Asia region since 2014 and President of Nu Skin Japan since 2010. Mr. Napierski has fulfilled multiple leadership positions for Nu Skin since joining our company in 1995, including Vice President of Business Development for Nu Skin EMEA and General Manager of the United Kingdom. Mr. Napierski has a Bachelor’s degree in business, a Master of Business Administration degree from Duke University and a Master’s degree in international business from Goethe Universitat in Germany. Mr. Napierski brings to the Board a strong expertise in direct sales, including through digital and social media platforms. Having served as our CEO, President, President of Global Sales and Operations, and in other management roles in our markets, Mr. Napierski also has a deep understanding of our business globally, including our sales force, products and product development, markets and compensation plans. Mr. Napierski’s leadership has been integral to the success of several of our key initiatives in recent years. Mr. Napierski is also recognized as a leader in the direct selling industry and has served in a variety of industry trade association leadership roles. For example, he is a past Chairman of the U.S. Direct Selling Association and the current Chairman of the Advocacy Committee for the World Federation of Direct Selling Associations.

Laura Nathanson
Director since 2019	Compensation and Human Capital Committee Nominating and Corporate Governance Committee (Chair)
Laura Nathanson, 65, retired from The Walt Disney Company in 2019 after 21 years of service in sales and advertising positions. From 2017 to 2019, she served as Executive Vice President of Revenue and Operations at Disney Advertising Sales, and from 2002 to 2017, she served as Executive Vice President of Sales and Marketing at ABC Family/Freeform. Prior to 2002, she served in various other sales and advertising positions with ABC Network Sales, Fox Broadcasting and various media agencies. She received a B.A. degree from Wesleyan University. Ms. Nathanson is an experienced leader who brings to the Board her expertise in sales and advertising, as well as a strong customer focus that is built on a 40-year career in connecting with and communicating with customers. Business strategy is also one of Ms. Nathanson’s strengths; during her career, she has recognized and understood shifts in the business landscape, such as the rise of the millennial demographic and the trend toward digital advertising, and has quickly adapted to these shifts, enabling her companies to capitalize on them at an early stage. She also has experience in streamlining business processes and in promoting sales through digital and social media.

Thomas R. Pisano
Director since 2008	Audit Committee Compensation and Human Capital Committee
Thomas R. Pisano, 78, served as Chief Executive Officer and a director of Overseas Military Sales Corp. (“OMSC”), a marketer of motor vehicles, from 2005 until his retirement in 2010. From 1998 to 2004, he served as the Chief Operating Officer and a director of OMSC. From 1995 to 1997, he served as Vice President and Head of the International Division for The Topps Company, Inc., a sports publications and confectionery products company. Prior to that, he served in various positions, including Vice President of Global New Business Development, for Avon Products, Inc., a direct seller of personal care products, from 1969 to 1994. He received a B.S. from the Georgia Institute of Technology and a M.B.A. from Dartmouth College. Mr. Pisano is an experienced senior executive who is an expert in the direct selling, personal care, beauty products and other consumer goods industries. During his 25-year career at Avon, he was responsible for global new business development, which included new geographic market openings and launching new product lines globally. He was also responsible for the operation of international businesses in Latin America, Europe and Asia. During his international business career at Avon, Topps and OMSC, he traveled to and conducted business in approximately 50 countries.

Zheqing (Simon) Shen
Director since 2016	Nominating and Corporate Governance Committee
Zheqing (Simon) Shen, 43, is the founding member of ZQ Capital Limited, a boutique investment and advisory firm. Prior to founding ZQ Capital in 2015, Mr. Shen was managing director and head of the China Financial Institutions Business at Barclays from 2011 to 2015. From 2004 to 2010, he worked with Goldman Sachs as an investment banker in its New York and Hong Kong offices. In addition to his service on our Board, Mr. Shen has also served since 2016 on the board of directors and the Audit, Remuneration and Nomination Committees of KFM Kingdom Holdings Limited, a precision metals engineering and manufacturing company listed on the Hong Kong Stock Exchange. He has also served since December 2022 on the board of directors and the Remuneration Committee of Allergy Therapeutics PLC, a biotechnology company specializing in allergy vaccines that is listed on the Alternative Investment Market, which is a sub-market of the London Stock Exchange. Mr. Shen has a B.A. in mathematics and economics from Wesleyan University. Mr. Shen brings to the Board valuable expertise in helping global companies realize their growth potential in Mainland China, which is one of our company’s key markets. He has spent much of his career working in Asia capital markets, and he has a strong network in Mainland China and valuable local knowledge of Mainland China. His depth of experience with financial and investment matters is also valuable to the Board.

Edwina D. Woodbury
Director since 2015	Audit Committee (Chair) Nominating and Corporate Governance Committee
Edwina D. Woodbury, 71, has been President and Chief Executive Officer of The Chapel Hill Press, Inc., a publishing services company, since 1999. Ms. Woodbury has over 20 years of experience in the direct selling and personal care products industries, having served at Avon Products, Inc. as Chief Financial and Administrative Officer and in other finance and operations positions from 1977 to 1998. From 1998 to 2015, Ms. Woodbury served as a member of the board of directors of RadioShack Corporation, a retail consumer electronics company. In addition, from 2005 to 2010, Ms. Woodbury served as a member of the board of directors of R.H. Donnelley Corporation, a publishing and marketing company, and from 2000 to 2005, she served as a director of Click Commerce, Inc., a research solutions company. Ms. Woodbury also served on the board of directors of the nonprofit Medical Foundation of North Carolina from 2009 to 2018. She received a B.S.B.A from the University of North Carolina. Ms. Woodbury has extensive experience and understanding of our industry. While serving in various roles of increasing responsibility during her 21 years at Avon, she gained an in-depth understanding of the financial and internal control-related issues associated with global companies in our industry. She also brings to the Board valuable perspective from her service on other public company boards. While serving on the boards of Click Commerce, R.H. Donnelley and RadioShack, she (1) served on and chaired each board’s audit committee; (2) served on the compensation committee at R.H. Donnelley and chaired it at RadioShack; and (3) served on the nominating and governance committee at Click Commerce and RadioShack.

Audit Committee		Nominating and Corporate Governance Committee		Compensation and Human Capital Committee
-	Major financial risk exposures	-	Corporate governance risks	-	Compensation practices-related risks
-	Operational risks related to information systems, information security and facilities	-	Operational risks not assigned to the Audit Committee	-	Human resources risks
-	Public disclosure and investor related risks	-	Reputational risks

Product	− −	Assess, score and improve the environmental impact score of all of our products by the end of 2023 Change all of our packaging to be recycled, recyclable, reusable, reduced or renewable by 2030

Planet	−	Reduce waste at our facilities through programs that encourage reducing, reusing and recycling, well as initiatives to reduce electricity usage

People	− −	Expand leadership development opportunities to increase leadership diversity Donate 1 million products to partner organizations by 2025

Director	Audit	Compensation and Human Capital	Nominating and Corporate Governance
Emma S. Battle		Chair	✔
Daniel W. Campbell	✔	✔
Andrew D. Lipman	✔		✔
Laura Nathanson		✔	Chair
Thomas R. Pisano	✔	✔
Zheqing (Simon) Shen			✔
Edwina Woodbury	Chair		✔

2022 Meetings	8	8	8

Non-Employee Director Compensation
Annual cash retainer Board Committee	$85,000 $10,000 per committee
Additional annual cash retainer for leadership: Lead Independent Director Audit Committee Chair Other committee chairs	$25,000 $20,000 $15,000
Meeting fees	None⁽¹⁾
Annual equity award (restricted stock units)	$150,000 value

Name	Fees Earned or Paid in Cash ($)	Stock Awards ($)(1)	All Other Compensation ($)(2)	Total ($)
Emma S. Battle	112,500	146,361	—	258,861
Daniel W. Campbell	142,500	146,361	—	288,861
Andrew D. Lipman	116,458	146,361	—	262,819
Laura Nathanson	123,542	146,361	—	269,903
Thomas R. Pisano	127,500	146,361	—	273,861
Zheqing (Simon) Shen	102,500	146,361	—	248,861
Edwina D. Woodbury	132,500	146,361	—	278,861
Steven J. Lund	—	—	659,212⁽³⁾	659,212

Name	Stock Awards	Option Awards
Emma S. Battle	3,179	—
Daniel W. Campbell	3,179	5,000
Andrew D. Lipman	3,179	5,000
Laura Nathanson	3,179	—
Thomas R. Pisano	3,179	—
Zheqing (Simon) Shen	3,179	5,000
Edwina D. Woodbury	3,179	—
Steven J. Lund	—	—

Ryan S. Napierski	President and Chief Executive Officer
Mark H. Lawrence	Former Executive Vice President and Chief Financial Officer
Connie Tang	Executive Vice President and Chief Global Growth and Customer Experience Officer
Joseph Y. Chang	Executive Vice President and Chief Scientific Officer
Chayce D. Clark	Executive Vice President and General Counsel

Cash Incentive Bonuses 18% of CEO 2022 Target Pay 21% of Other NEOs’ 2022 Target Pay		Long-Term Incentives 65% of CEO 2022 Target Pay 51% of Other NEOs’ 2022 Target Pay
Annual Incentive		Time-Based Restricted Stock Units (RSUs) 40% weighting	Performance-Based Restricted Stock Units (PRSUs) 60% weighting
Measures one-year financial performance (2022)		Measures four-year stock price performance (2022-2025)	Measures one-year financial performance over three years (2022, 2023, 2024)
Metric: Adjusted revenue	Metric: Adjusted operating income	Metric: Stock price	Metric: Adjusted EPS
50% weighting	50% weighting
Incentivizes business growth	Incentivizes profitability and control of expenses	Aligns management with stockholders’ interests Promotes multi-year retention	Aligns management with stockholders’ interests Provides a balance to the top-line and operating-income metrics in the cash incentive bonus program
Both metrics are calculated on a constant-currency basis from the prior-year period and are adjusted to eliminate extraneous items such as the impact of accounting changes, losses or gains on settlements of litigation that began prior to 2022 and other unusual impacts at the Committee’s discretion.		Final value of award tied to stock price.	Adjusted EPS is calculated to eliminate extraneous items such as the impact of accounting changes, losses or gains on settlements of litigation that began prior to 2022 and other items that are unusual, non-recurring or outside of management’s control.

Performance-Based Award	Percent of Target Earned
2022 Cash Incentive Bonus⁽¹⁾	0%
2022 PRSU Awards – Tranche 1 of 3 (measuring 2022 results)⁽²⁾	0%
2021 PSO Awards – Tranche 2 of 3 (measuring 2022 results)⁽²⁾	0%
2020 PSO Awards – Tranche 3 of 3 (measuring 2022 results)⁽²⁾	107%

Component of Compensation Program	Objective
Base Salary (Fixed Pay)	− Pay for role − Aids in recruitment and retention

Cash Incentive Plan (Variable Pay: Short-Term Incentive)	− Pay for performance − Aligns with annual operating achievement − Aids in recruitment and retention

Equity Incentive Plan (Variable Pay: Long-Term Incentive)	− Pay for performance − Aligns with stock price performance and multi-year operating achievement − Aids in recruitment and retention

Name	Salary as of 12/31/2021 ($)	Q1 2022 Adjustment ($)	Salary as of 12/31/2022 ($)
Ryan S. Napierski	900,000	50,000	950,000
Mark H. Lawrence	575,000	20,000	595,000
Connie Tang	590,000	30,000	620,000
Joseph Y. Chang	685,000	—	685,000
Chayce D. Clark	400,000	50,000	450,000

Metric	Weighting	Purpose	How Calculated
Adjusted revenue	50%	Incentivizes business growth	Both metrics are calculated on a constant-currency basis from the prior-year period and are adjusted to eliminate extraneous items such as the impact of accounting changes, losses or gains on settlements of litigation that began prior to 2022 and other unusual impacts at the Committee’s discretion.
Adjusted operating income	50%	Incentivizes profitability and control of expenses

Named Executive Officer		2022 Target Bonus %
Ryan S. Napierski		110%
Mark H. Lawrence		75%
Connie Tang		75%
Joseph Y. Chang		75%
Chayce D. Clark		75%

(dollar amounts in thousands)
Metric	2021 Result (1)	2022 Targets			2022 Result (2)	% of Goal Level Achieved	% of Target Bonus Paid
Metric	2021 Result (1)	Minimum	Goal	Stretch	2022 Result (2)	% of Goal Level Achieved	% of Target Bonus Paid
Adjusted revenue (50% weighting)	2,695,669	2,642,000	2,803,000	2,966,000	2,375,726	84.8%	0.0%
Adjusted operating income (50% weighting)	292,518	289,000	323,000	355,000	204,115	63.2%	0.0%
Aggregate payout percentage, reflecting the weightings noted above:							0.0%

TARGET EQUITY AWARDS – FEBRUARY 2022
Named Executive Officer	Perf.-Based RSUs	Time-Based RSUs	Percentage Perf.-Based
Ryan S. Napierski	47,419	31,613	60%
Mark H. Lawrence	17,071	11,381	60%
Connie Tang	13,720	9,147	60%
Joseph Y. Chang	10,116	6,744	60%
Chayce D. Clark	12,645	8,430	60%

	Minimum Goal ($)	Target Goal ($)	Maximum Goal ($)	Actual ($)	% Vested

2020 Award

➢ 2019 Adjusted EPS: 3.10⁽¹⁾

2020 Adjusted EPS Tranche	2.00	2.50	3.60	3.63⁽¹⁾	200%
2021 Adjusted EPS Tranche	2.10	2.62	3.78	4.14⁽²⁾	200%
2022 Adjusted EPS Tranche	2.21	2.75	3.97	2.90⁽³⁾	107%

2021 Award

➢ 2020 Adjusted EPS: 3.63⁽¹⁾

2021 Adjusted EPS Tranche	3.46	4.10	4.58	4.14⁽²⁾	108%
2022 Adjusted EPS Tranche	3.72	4.43	4.95	2.90⁽³⁾	0%
2023 Adjusted EPS Tranche	4.01	4.78	5.34	TBD	TBD

2022 Award

➢ 2021 Adjusted EPS: 4.14⁽²⁾

2022 Adjusted EPS Tranche	4.00	4.46	4.86	2.90⁽³⁾	0%
2023 Adjusted EPS Tranche	4.16	4.73	5.20	TBD	TBD
2024 Adjusted EPS Tranche	4.41	5.01	5.52	TBD	TBD

− Church & Dwight Co., Inc.	− Primerica, Inc.
− Coty Inc.	− Revlon, Inc.
− Edgewell Personal Care Company	− Sally Beauty Holdings, Inc.
− The Hain Celestial Group, Inc.	− Sensient Technologies Corporation
− Helen of Troy Limited	− Spectrum Brands Holdings, Inc.
− Herbalife Nutrition Ltd.	− Tupperware Brands Corporation
− Prestige Consumer Healthcare Inc.	− USANA Health Sciences, Inc.

	Position	Multiple of Base Salary or Annual Retainer
	CEO	6.0
	Other Executive Officers	2.5
	Non-Management Directors	5.0

	COMPENSATION AND HUMAN CAPITAL COMMITTEE OF THE BOARD OF DIRECTORS

	Thomas R. Pisano, Chair*
	Emma S. Battle
	Daniel W. Campbell
	Laura Nathanson

	* Mr. Pisano was the Chair of the Compensation and Human Capital Committee at the time this Committee reviewed, discussed and recommended the Compensation Discussion and Analysis.

Name and Principal Position	Year	Salary ($)(1)	Bonus ($)(2)	Stock Awards ($)(3)	Option Awards ($)(3)	Non-Equity Incentive Plan Compensation ($)(4)	All Other Compensation ($)(5)	Total ($)
Ryan S. Napierski President and Chief Executive Officer	2022	941,918	206,842	3,485,069	—	—	130,637	4,764,466
	2021	800,960	—	1,253,109	2,018,409	548,758	110,734	4,731,970
	2020	720,861	3,350	710,899	909,002	1,164,350	104,163	3,612,626

Mark H. Lawrence Former EVP and Chief Financial Officer	2022	591,767	88,662	1,254,647	—	—	118,867	2,053,943
	2021	551,741	—	405,495	659,598	273,006	93,829	1,983,669
	2020	520,853	850	469,254	600,003	632,363	77,136	2,300,459

Connie Tang EVP and Chief Global Growth & Cust. Exp. Officer	2022	577,951	71,729	1,240,666	—	—	119,880	2,010,226
	2021	413,648	25	929,550	—	203,737	41,296	1,588,256


Joseph Y. Chang EVP and Chief Scientific Officer	2022	685,000	102,750	743,476	—	—	119,291	1,650,517
	2021	685,858	—	294,934	479,700	338,580	105,915	1,904,987
	2020	672,526	850	333,160	426,004	813,038	102,386	2,347,964

Chayce D. Clark EVP and General Counsel	2022	441,918	66,029	3,244,483	—	—	85,709	3,838,139
	2021	343,725	6,767	229,070	213,228	133,742	56,683	983,215

Name	Company Contributions to Deferred Compensation Plan ($)	Company Contributions to 401(k) Retirement Savings Plan ($)	Perquisites and Other Personal Benefits ($)(a)	Other ($)(b)	Total ($)
Ryan S. Napierski	94,113	12,200	16,615	7,710	130,637
Mark H. Lawrence	59,145	12,200	31,984	15,538	118,867
Connie Tang	66,877	12,200	35,284	5,519	119,880
Joseph Y. Chang	68,500	12,200	14,012	24,579	119,291
Chayce D. Clark	44,113	12,200	18,751	10,646	85,709

SEC Form DEF 14A filed by Nu Skin Enterprises Inc.