Form 4: BBWI CFO Boratto Receives RSU Grant, Covers Taxes

Bath & Body Works CFO Eva C. Boratto reported an annual restricted stock unit grant and a subsequent disposition of shares to satisfy tax withholding obligations.

Summary

• Eva C. Boratto, Chief Financial Officer of Bath & Body Works, Inc. (BBWI), acquired 115,815 shares of common stock on March 12, 2026, as an annual grant of restricted stock units (RSUs).
• The acquired RSUs have a par value of $0.50 per share and were granted at a price of $0.0000.
• These RSUs will vest in three tranches: 30% on the first anniversary of March 12, 2026, 30% on the second anniversary, and 40% on the third anniversary.
• Following this acquisition, Boratto's direct beneficial ownership stood at 234,241 shares.
• On March 13, 2026, Boratto disposed of 10,782 shares of common stock at a price of $19.5 per share.
• This disposition represents shares withheld to cover tax withholding obligations related to the vesting of restricted stock units.
• After the tax-related disposition, Boratto's direct beneficial ownership decreased to 223,459 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as the RSU grant reinforces the alignment of the CFO's interests with long-term shareholder value, a standard and healthy practice in corporate governance.

Positives

• The annual grant of restricted stock units to the Chief Financial Officer aligns management's long-term interests with those of shareholders, incentivizing performance and retention.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the grant of restricted stock units is a common form of executive compensation across various industries, particularly in retail and consumer goods, designed to tie executive performance to shareholder value over a multi-year period. The subsequent sale of shares to cover tax obligations is a standard practice following the vesting of such equity awards.

Comparison to Industry Standards

• The use of restricted stock units as a component of executive compensation is a widely adopted practice, comparable to compensation structures seen in other major retail companies like L Brands (Victoria's Secret & PINK) or Estée Lauder Companies, which also utilize equity awards to incentivize long-term performance.
• The vesting schedule of 30%/30%/40% over three years is a common structure, aligning with typical industry benchmarks for executive retention and performance incentives.

Related Party Transactions

• The transaction involves an equity grant to a key executive (Chief Financial Officer), which is a common form of related-party compensation.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CFO's financial incentives with the company's long-term performance, potentially benefiting shareholders through sustained growth and value creation.
• Employees: The compensation structure for senior management can influence overall company culture and compensation philosophy, though direct impact on general employees is not detailed.

Next Steps

• The granted restricted stock units will vest in three installments: 30% on March 12, 2027, 30% on March 12, 2028, and 40% on March 12, 2029.

Key Dates

Keywords

Bath & Body Works, BBWI, Eva C. Boratto, CFO, Restricted Stock Units, RSU Grant, Insider Transaction, Stock Compensation, Tax Withholding, Beneficial Ownership