Form 4: Bath & Body Works Chief Legal Officer Increases Stake Through Performance Stock Unit Vesting

Bath & Body Works' Chief Legal Officer, Michael C. Wu, increased his direct beneficial ownership of common stock by a net of 3,907 shares following the vesting of performance stock units.

Summary

• Michael C. Wu, the Chief Legal Officer & Corporate Secretary of Bath & Body Works, Inc. (BBWI), reported changes in his beneficial ownership of the company's common stock.
• On May 28, 2025, Mr. Wu acquired 7,150 shares of common stock upon the vesting of performance stock units that were originally granted on March 9, 2022.
• Concurrently, 3,243 shares were disposed of at a price of $30.48 per share to cover tax withholding obligations associated with the vesting of these performance stock units.
• Following these transactions, Mr. Wu's direct beneficial ownership of Bath & Body Works, Inc. common stock stands at 88,916.178 shares.

Sentiment

Score: 7

Explanation: The filing indicates the vesting of performance stock units for a key executive, suggesting the achievement of pre-defined performance targets, which is generally a positive signal regarding company performance. The disposition of shares is solely for tax withholding, a routine event.

Positives

• Michael C. Wu, a key executive, increased his direct beneficial ownership of Bath & Body Works, Inc. common stock by a net of 3,907 shares.
• The acquisition of 7,150 shares resulted from the vesting of performance stock units, indicating the achievement of pre-defined performance targets set when the units were granted on March 9, 2022.

Negatives

• 3,243 shares were disposed of to satisfy tax withholding obligations associated with the vesting of performance stock units, which is a common and expected practice for equity compensation.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction related to executive compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The vesting of performance stock units for a key executive suggests that performance targets tied to executive compensation have been met, potentially aligning management interests with shareholder value creation.

Key Dates

Keywords

Bath & Body Works, BBWI, Michael C. Wu, Form 4, Insider Transaction, Stock Vesting, Performance Stock Units, Equity Compensation, Chief Legal Officer