Bath & Body Works (BBWI) director gets 7,970-share annual RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEINOUR STEPHEN D reported acquisition or exercise transactions in this Form 4 filing.
Bath & Body Works, Inc. director Stephen D. Steinour received an annual award of restricted stock units as an independent non-employee director. The award covers 7,970 shares of common stock at no cash cost, bringing his directly held shares to 56,145.
He also reports indirect ownership of common stock through two trusts, each holding 9,900 shares, and through his spouse, who holds 12,925 shares. These indirect positions reflect reported holdings rather than new market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
STEINOUR STEPHEN D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.50 par value | 7,970 | $0.00 | -- |
| holding | Common Stock, $0.50 par value | -- | -- | -- |
| holding | Common Stock, $0.50 par value | -- | -- | -- |
| holding | Common Stock, $0.50 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.50 par value — 56,145 shares (Direct, null);
Common Stock, $0.50 par value — 12,925 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Director RSU award: 7,970 shares
Direct holdings after grant: 56,145 shares
Dynasty Trust holdings: 9,900 shares
+3 more
6 metrics
Director RSU award
7,970 shares
Annual restricted stock unit award to independent non-employee director
Direct holdings after grant
56,145 shares
Common stock directly held by Stephen D. Steinour after the award
Dynasty Trust holdings
9,900 shares
Common stock held by Stephen D. Steinour Dynasty Trust dated 6/1/2016
Legacy Trust holdings
9,900 shares
Common stock held by Patricia M. Steinour Legacy Trust dated 10/14/2016
Spousal holdings
12,925 shares
Common stock held indirectly through spouse
Grant price
$0.00 per share
Stated transaction price for the 7,970-share equity award
Key Terms
restricted stock units, independent non-employee directors, Common Stock, $0.50 par value, Grant, award, or other acquisition, +1 more
5 terms
restricted stock units financial
"Annual award of restricted stock units to independent non-employee directors."
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.
independent non-employee directors financial
"Annual award of restricted stock units to independent non-employee directors."
Common Stock, $0.50 par value financial
"security_title": "Common Stock, $0.50 par value""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
"ownership_type": "indirect""
FAQ
What did BBWI director Stephen D. Steinour report in this Form 4?
Stephen D. Steinour reported receiving an annual award of restricted stock units covering 7,970 shares of Bath & Body Works common stock. This equity grant is compensation for serving as an independent non-employee director and increased his directly held position to 56,145 shares.
What are Stephen D. Steinour’s total direct holdings in BBWI after this filing?
After the reported award, Stephen D. Steinour directly holds 56,145 shares of Bath & Body Works common stock. This figure comes from the Form 4’s post-transaction balance and reflects only the shares registered in his own name, excluding indirect holdings.
Is Stephen D. Steinour’s BBWI stock grant an open-market purchase?
No. The 7,970-share award is described as an annual grant of restricted stock units to an independent non-employee director, with a transaction price of $0.00 per share. It represents compensation granted by the company, not a market transaction on a stock exchange.