Form 4: Bath & Body Works Executive Michael C. Wu Reports Stock Disposal
SEC Form 4 Filing
Michael C. Wu, Chief Legal Officer & Corp Secy of Bath & Body Works, disposed of 459 shares of common stock on August 18, 2024, to cover tax obligations.
Summary
- On August 18, 2024, Michael C. Wu, the Chief Legal Officer & Corp Secy of Bath & Body Works, disposed of 459 shares of common stock.
- The transaction was executed at a price of $33.71 per share.
- Following the transaction, Wu directly owns 62,215 shares of Bath & Body Works stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal, likely for tax purposes, which is a routine transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders engage in transactions involving their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/18/2024 | Date of stock disposal transaction |
| 08/19/2024 | Date of signature by Attorney-in-Fact |
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