Bath & Body Works (BBWI) CEO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bath & Body Works, Inc. CEO Daniel Heaf reported a routine tax-related share disposition. On May 16, 2026, 7,334 shares of common stock were withheld at $17.09 per share to cover tax obligations tied to vesting restricted stock units. Following this non-market transaction, he directly holds 288,249 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Heaf Daniel
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.50 par value | 7,334 | $17.09 | $125K |
Holdings After Transaction:
Common Stock, $0.50 par value — 288,249 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 7,334 shares
Withholding price per share: $17.09 per share
Shares held after transaction: 288,249 shares
3 metrics
Shares withheld for taxes
7,334 shares
Tax-withholding disposition on May 16, 2026
Withholding price per share
$17.09 per share
Value used for tax-withholding shares
Shares held after transaction
288,249 shares
Direct common stock ownership after May 16, 2026
Key Terms
restricted stock units, Common Stock, $0.50 par value, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"vesting of restricted stock units to cover tax withholding obligations"
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.
Common Stock, $0.50 par value financial
"security_title: Common Stock, $0.50 par value"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Bath & Body Works (BBWI) CEO Daniel Heaf report?
Daniel Heaf reported a tax-related share disposition. On May 16, 2026, 7,334 Bath & Body Works common shares were withheld at $17.09 per share to satisfy tax obligations from vesting restricted stock units, rather than sold on the open market.
Was the Bath & Body Works (BBWI) CEO’s Form 4 transaction an open-market sale?
No, it was not an open-market sale. The Form 4 specifies code F, and the footnote explains the 7,334 shares were withheld to cover tax obligations from restricted stock units vesting, rather than being sold to public market buyers.