STOCK TITAN

Bath & Body Works (BBWI) CEO has shares withheld to cover RSU taxes

Filing Impact
(High)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
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
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.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Heaf Daniel

(Last)(First)(Middle)
THREE LIMITED PARKWAY

(Street)
COLUMBUS OHIO 43230

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Bath & Body Works, Inc. [ BBWI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.50 par value05/16/2026F7,334(1)D$17.09288,249D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares withheld in connection with the vesting of restricted stock units to cover tax withholding obligations.
Robert J. Tannous, Attorney-in-Fact05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many Bath & Body Works (BBWI) shares were involved in Daniel Heaf’s Form 4?

The filing shows 7,334 shares were withheld. These Bath & Body Works common shares were surrendered at $17.09 per share to cover tax withholding obligations associated with restricted stock unit vesting, according to the Form 4 footnote.

Does Daniel Heaf still hold Bath & Body Works (BBWI) shares after this tax withholding?

Yes, he continues to hold a substantial position. After the 7,334-share tax withholding transaction, Daniel Heaf directly holds 288,249 shares of Bath & Body Works common stock, as reported in the post-transaction ownership line of the Form 4.

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.

What price per share was used for the Bath & Body Works (BBWI) tax withholding?

The tax-withholding disposition used a price of $17.09 per share. This value, applied to 7,334 common shares of Bath & Body Works, is disclosed in the Form 4 transaction details for the May 16, 2026, withholding event.