[Form 4] Bath & Body Works, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bath & Body Works (BBWI) filed a Form 4 for CFO Eva C. Boratto. On 08/01/2025, 6,533 common shares were withheld (Code F) to satisfy tax obligations triggered by the vesting of restricted stock units. The administrative transaction was priced at $28.17, implying a cash value of roughly $184k. No open-market sale or purchase occurred; the shares move from the insider to the company treasury.

After the withholding, Boratto’s direct ownership stands at 118,426 shares. No derivative securities were acquired, disposed of, or outstanding in this filing, and there are no indications of additional trading plans. The event is routine and does not signal a change in strategic outlook or insider sentiment.

Insights

Financial Analyst

TL;DR: Routine tax-withholding; neutral for BBWI share-price outlook.

The Form 4 shows a standard Code F transaction—shares withheld to cover taxes on RSU vesting. Such events do not convey bullish or bearish intent because no shares were sold on the open market and the insider’s economic exposure remains unchanged. Boratto still holds 118,426 shares, a sizeable stake aligning her interests with shareholders. Given the modest value (≈$184k) relative to BBWI’s float, the filing is not materially impactful for valuation or liquidity considerations.

SEC Form 4

FORM 4

UNITED 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^*

Boratto Eva C

(Last) (First) (Middle)

THREE LIMITED PARKWAY

(Street)

COLUMBUS OH 43230

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bath & Body Works, Inc. [ BBWI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.50 par value	08/01/2025		F		6,533(1)	D	$28.17	118,426	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 by Power of Attorney for Eva C. Boratto	08/05/2025
	** Signature of Reporting Person	Date
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.

FAQ

How many BBWI shares did CFO Eva C. Boratto dispose of?

6,533 shares were withheld to cover taxes; no open-market sale occurred.

What price was used for the share withholding in the Form 4?

The shares were valued at $28.17 each for tax-withholding purposes.

How many Bath & Body Works shares does the CFO now own?

Following the transaction, Boratto owns 118,426 common shares directly.

Was this a Rule 10b5-1 plan trade?

The filing does not indicate execution under a Rule 10b5-1 trading plan.

Does the filing include any derivative security activity?

No. Table II reports zero derivative transactions for this period.