Victoria's Secret (NYSE: VSCO) HR chief granted 20,256 shares

Rhea-AI Filing Summary

Victoria's Secret & Co. executive Melinda R. McAfee, the Chief HR Officer and Chief Legal Officer, acquired 20,256 shares of common stock as a grant settling performance share units originally granted on March 16, 2023. After this award, she directly holds 179,395 shares, which includes 664 shares acquired under the company's Associate Stock Purchase Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McAfee Melinda R.

Role Chief HR Off & Chief Legal Off

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	20,256	$0.00	--

Holdings After Transaction: Common Stock — 179,395 shares (Direct)

Footnotes (1)

1. The reported acquired securities represent shares issued in settlement of performance share units granted on March 16, 2023 for which the Human Capital and Compensation Committee has certified achievement of performance. Total includes 664 shares acquired under the Victoria's Secret & Co. Associate Stock Purchase Plan that were exempt pursuant to Rule 16b-3.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

McAfee Melinda R.

(Last) (First) (Middle)

4 LIMITED PARKWAY EAST

(Street)

REYNOLDSBURG OH 43068

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Victoria's Secret & Co. [ VSCO ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief HR Off & Chief Legal Off

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		A		20,256(1)	A	$0.0000	179,395(2)	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. The reported acquired securities represent shares issued in settlement of performance share units granted on March 16, 2023 for which the Human Capital and Compensation Committee has certified achievement of performance.

2. Total includes 664 shares acquired under the Victoria's Secret & Co. Associate Stock Purchase Plan that were exempt pursuant to Rule 16b-3.

	Robert J. Tannous, by Power of Attorney for Melina McAfee	02/20/2026
	** 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

What did Melinda R. McAfee report in this Form 4 for VSCO?

Melinda R. McAfee reported an acquisition of 20,256 Victoria's Secret & Co. common shares. These were issued as settlement of performance share units granted in March 2023 after performance was certified, increasing her direct holdings to 179,395 shares.

Was the VSCO stock acquired by Melinda R. McAfee an open-market purchase?

No, the shares were not bought on the open market. The 20,256 Victoria's Secret & Co. shares were issued at no cost in settlement of performance share units following certified achievement of performance by the Human Capital and Compensation Committee.

How many Victoria's Secret & Co. shares does Melinda R. McAfee now own?

Following the reported grant, Melinda R. McAfee directly owns 179,395 Victoria's Secret & Co. common shares. This figure includes 664 shares acquired under the company's Associate Stock Purchase Plan, which were exempt under Rule 16b-3.

What is the origin of the 20,256 shares granted to Melinda R. McAfee at VSCO?

The 20,256 shares come from performance share units granted on March 16, 2023. After the Human Capital and Compensation Committee certified performance achievement, those units were settled in Victoria's Secret & Co. common stock and reported as acquired in this Form 4.

What role does Melinda R. McAfee hold at Victoria's Secret & Co.?

Melinda R. McAfee serves as Chief Human Resources Officer and Chief Legal Officer at Victoria's Secret & Co. Her Form 4 reflects equity-based compensation tied to performance share units, not a discretionary market trade in the company’s stock.

Are any shares in Melinda R. McAfee’s total VSCO holdings from an employee stock purchase plan?

Yes, 664 of Melinda R. McAfee’s 179,395 Victoria's Secret & Co. shares were acquired under the Associate Stock Purchase Plan. Those plan acquisitions were exempt from certain rules pursuant to Rule 16b-3, according to the Form 4 footnote.