Form 4: Bath & Body Works Director Stephen Steinour Acquires Shares
SEC Form 4
Director Stephen Steinour acquired 3,844 shares of Bath & Body Works, Inc. common stock on June 27, 2024.
Summary
- On June 27, 2024, Stephen D. Steinour, a director of Bath & Body Works, Inc., acquired 3,844 shares of common stock at a price of $0.00.
- Following the transaction, Steinour directly owns 35,834 shares.
- Steinour also has indirect ownership through his spouse (12,925 shares), the Patricia M. Steinour Legacy Trust (9,900 shares), and the Stephen D. Steinour Dynasty Trust (9,900 shares).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director. While insider buying can be seen as positive, the context and amount need to be considered.
Positives
- A director's acquisition of shares can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The acquisition could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 10/14/2016 | Date of the Patricia M. Steinour Legacy Trust |
| 06/01/2016 | Date of the Stephen D. Steinour Dynasty Trust |
| 06/27/2024 | Date of the stock acquisition transaction |
| 06/28/2024 | Date of signature on the Form 4 filing |
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