Form 4: Bath & Body Works Executive Michael C. Wu Reports Stock Disposals
SEC Form 4
Michael C. Wu, Chief Legal Officer & Corp Secy of Bath & Body Works, reported the disposal of common stock to cover tax obligations.
Summary
- On May 19, 2024, Michael C. Wu, Chief Legal Officer & Corp Secy of Bath & Body Works, disposed of 2,091 shares of common stock at a price of $50.16.
- Following this transaction, Wu directly owns 56,248 shares.
- On the same day, Wu disposed of another 2,505 shares of common stock at $50.16, resulting in direct ownership of 53,743 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine stock disposals, likely for tax purposes, and doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/19/2024 | Date of stock disposal transactions |
| 05/20/2024 | Date of signature by Attorney-in-Fact |
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