Mazurek Thomas E. 4

What Happened
Thomas E. Mazurek, Chief Supply Chain Officer at Bath & Body Works (BBWI), received an award of 40,921 restricted stock units (RSUs) on 2026-03-12 (reported as an acquisition at $0). On 2026-03-13, 6,327 shares were withheld to satisfy tax withholding obligations at $19.50 per share, a disposition valued at approximately $123,377. Using the $19.50 share price applied for withholding, the grant’s implied market value is roughly $798k (40,921 × $19.50), though the grant is reported at $0 as compensation.

Key Details

• Transaction dates: Grant on 2026-03-12 (code A); tax-withholding disposition on 2026-03-13 (code F).
• Prices: Grant reported at $0 (compensation). Withholding price used: $19.50/share; withholding value ≈ $123,377.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Vesting: Annual RSU vesting per footnote — 30% on 1st anniversary (3/12/27), 30% on 2nd, 40% on 3rd.
• Withholding: 6,327 shares were withheld to cover tax obligations (routine).
• Other note: Filing states total ownership includes 354.827 shares from the issuer’s Dividend Reinvestment Plan.
• Filing timeliness: Report filed 2026-03-16 for a 2026-03-12 transaction; this appears to be within the standard Form 4 reporting window (timely).

Context
This filing reflects a standard executive compensation grant (RSUs) and routine share withholding to satisfy taxes, not an open-market buy or discretionary sale. RSUs vest over future anniversaries, so the award is long-term compensation rather than an immediate purchase signal. The tax-withholding disposition (cashless/withheld shares) is common and does not, by itself, indicate a change in insider sentiment.