McAfee Melinda R. 4

What Happened Melinda R. McAfee, Chief Human Resources Officer and Chief Legal Officer of Victoria's Secret & Co. (VSCO), was reported to have received 20,256 shares on February 19, 2026. The Form 4 shows an acquisition (code A) at $0.00 per share — these shares were issued in settlement of performance share units granted March 16, 2023 after the Human Capital and Compensation Committee certified performance. The reported total includes 664 shares acquired under the company's Associate Stock Purchase Plan.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-20.
• Transaction type/code: Award/Grant (A). Price reported: $0.00; total cash value on filing: $0.
• Shares acquired: 20,256 (including 664 from the Associate Stock Purchase Plan).
• Footnote F1: Shares issued in settlement of PSUs granted 3/16/2023 after performance certification.
• Footnote F2: 664 shares were acquired under the Victoria's Secret & Co. Associate Stock Purchase Plan and were exempt pursuant to Rule 16b-3.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.

Context This was an equity award settlement (compensation), not an open-market purchase or sale. Awards at $0 reported indicate shares issued as part of compensation rather than bought with cash; such grants are common for executive pay and do not by themselves signal buying or selling intent. Rule 16b-3 exemptions are typical for compensatory plan transactions and relate to exclusions from short-swing profit liability for certain insiders.