BBBY (BBBY) accounting chief exercises 1,500 RSUs, 366 shares withheld for taxes
Rhea-AI Filing Summary
BED BATH & BEYOND, INC. Chief Accounting Officer Leah R. Putnam exercised restricted stock units into common shares and had shares withheld for taxes. On April 12, 2026, 1,500 restricted stock units converted into 1,500 shares of common stock at a stated price of $0.00 per share. Of these, 366 shares were automatically disposed of at $4.69 per share to cover tax obligations, leaving her with 17,688 shares of common stock held directly after the transactions. The footnote explains these restricted stock units vested in three equal installments on April 12 of 2024, 2025, and 2026, with vested shares delivered promptly after each vesting date, and that the amounts shown reflect restricted stock units from this grant beneficially owned following the reported transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,134 shares
Net Buy
3 txns
Insider
Putnam Leah R
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 366 | $4.69 | $2K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 17,688 shares (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of Bed Bath & Beyond, Inc. common stock. The restricted stock units vested in three equal installments at the close of business on April 12, 2024, April 12, 2025, and April 12, 2026. Vested shares will be delivered to the reporting person promptly after the restricted stock units vest. Amounts shown reflect restricted stock units from the subject grant beneficially owned following the transaction reported herein.
Key Figures
RSUs exercised: 1,500 units
Common shares acquired: 1,500 shares
Shares withheld for taxes: 366 shares
+3 more
6 metrics
RSUs exercised
1,500 units
Restricted stock units converting into common stock on April 12, 2026
Common shares acquired
1,500 shares
Shares received from RSU conversion at stated $0.00 per share
Shares withheld for taxes
366 shares
Disposed of at $4.69 per share as tax-withholding
Tax-withholding price
$4.69 per share
Price for 366-share F-code disposition
Shares held after transaction
17,688 shares
Direct BBBY common stock holdings following April 12, 2026 transactions
Remaining RSUs from grant
0 units
Total_shares_following_transaction for RSUs after final vesting and delivery
Key Terms
Restricted Stock Units, tax-withholding disposition, beneficially owned, derivative exercise/conversion
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Bed Bath & Beyond, Inc. common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
beneficially owned financial
"Amounts shown reflect restricted stock units from the subject grant beneficially owned following the transaction reported herein."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did BBBY Chief Accounting Officer Leah Putnam report?
Leah Putnam reported exercising 1,500 restricted stock units into 1,500 shares of Bed Bath & Beyond common stock. As part of the same event, 366 shares were withheld and disposed of at $4.69 per share to satisfy tax obligations, leaving her with 17,688 directly held shares.
What happened to Leah Putnam’s restricted stock units in this BBBY Form 4?
The restricted stock units represented a right to receive common shares. On April 12, 2026, 1,500 units from the grant converted into 1,500 common shares. A footnote states the units vested in three equal installments on April 12, 2024, 2025, and 2026 before share delivery.