Form 4: BBBY CFO Adrianne Lee's Stock Award Vesting

Bed Bath & Beyond CFO Adrianne Lee reported the vesting of restricted stock units and performance shares, along with related tax-driven stock dispositions.

Summary

• Adrianne Lee, President & CFO of Bed Bath & Beyond, Inc. (BBBY), reported multiple transactions on February 4, 2026.
• These transactions involved the vesting of Restricted Stock Units (RSUs) and Performance Shares (PSUs) into common stock.
• A total of 46,421 shares of common stock were acquired through the conversion of derivative securities at a price of $0.0001 per share.
• Concurrently, 13,394 shares of common stock were disposed of at a price of $5.62 per share, likely to cover tax obligations related to the vesting.
• Following these transactions, Adrianne Lee beneficially owns 108,377 shares of Bed Bath & Beyond common stock.
• The compensation committee determined that 48,216 performance shares (granted February 4, 2025) and 15,714 performance shares (granted March 10, 2025) were earned based on performance criteria for fiscal year 2025.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event for the executive, reflecting the successful vesting of equity compensation and achievement of performance targets, which is a routine and expected part of executive compensation.

Positives

• Adrianne Lee received a significant number of shares (46,421) through the vesting of equity awards, indicating successful achievement of performance criteria for performance shares.
• The vesting of these awards represents an increase in her direct ownership of company stock.

Negatives

• A portion of the vested shares (13,394 shares) was immediately sold at $5.62 per share to cover tax liabilities, which is a common practice but reduces the executive's direct holdings.

Future Outlook

Remaining restricted stock units and performance shares are scheduled to vest in two equal installments on February 4, 2027, and February 4, 2028, subject to continued service and, for performance shares, satisfaction of performance criteria.

Industry Context

StockSavvy.ai notes that the vesting of equity awards and subsequent 'sell to cover' transactions are standard practices for executive compensation, aligning management's interests with shareholder value over the long term. This filing does not provide broader industry insights.

Stakeholder Impact

• Shareholders: The vesting and subsequent sale of shares by an executive is a routine event and generally has minimal direct impact on existing shareholders, though it slightly increases the float. The achievement of performance criteria for PSUs could be seen as positive for company performance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Remaining restricted stock units and performance shares will vest in equal installments on February 4, 2027.
• Remaining restricted stock units and performance shares will vest in equal installments on February 4, 2028.
• Continued service is required for future vesting of performance shares.

Key Dates

Keywords

Bed Bath & Beyond, BBBY, Adrianne Lee, Form 4, Insider Transaction, Restricted Stock Units, Performance Shares, Executive Compensation, Stock Vesting, Equity Awards