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BED BATH & BEYOND, INC.·4

Mar 12, 4:06 PM ET

LEMONIS MARCUS 4

Research Summary

AI-generated summary

Updated

BBBY CEO Marcus Lemonis Receives Awards; Shares Withheld

What Happened

  • Marcus Lemonis, CEO and Executive Chairman of Bed Bath & Beyond (BBBY), had restricted stock units and earned performance shares vest/convert into common stock on March 10, 2026.
  • Specifically, 166,666 restricted stock units vested and converted, and 141,432 performance shares (one‑third of 424,300 earned) vested and converted — a total of 308,098 shares delivered.
  • To satisfy tax/exercise obligations, 59,813 shares and 34,680 shares (total 94,493 shares) were withheld/disposed at $4.91 per share, producing proceeds of $293,682 and $170,279 respectively (combined ~$463,961). Net shares delivered to Lemonis after withholding were 213,605.

Key Details

  • Transaction date: March 10, 2026.
  • Conversion/exercise type: Reported as "M" (exercise/conversion of derivatives) for 166,666 and 141,432 shares at $0.00 (i.e., conversion/vesting rather than a cash option purchase).
  • Withholding/tax payment: Reported as "F" — 59,813 shares @ $4.91 ($293,682) and 34,680 shares @ $4.91 ($170,279) were disposed to cover tax/exercise obligations.
  • Footnotes:
    • RSUs vest in three equal installments (Mar 10, 2026/2027/2028); vested RSUs are delivered promptly after vesting.
    • Performance shares were granted Mar 10, 2025; compensation committee determined 424,300 were earned on Feb 4, 2026; one-third vested Mar 10, 2026, with remaining tranches tied to continued service.
    • Report reflects shares from the subject grants beneficially owned following these transactions.
  • Filing timing: Form filed Mar 12, 2026 reporting the Mar 10, 2026 events (no late filing flag shown in the provided data).

Context

  • These transactions are primarily awards converting into stock (not open‑market purchases or sales). The withholding (F) entries are routine tax/exercise payments rather than discretionary sales of previously owned shares.
  • For retail investors, awards/vesting indicate compensation delivery rather than an immediate bullish or bearish insider trade; the withheld shares are standard practice to satisfy tax liabilities.