Heaf Daniel 4

What Happened
Daniel Heaf, CEO and a director of Bath & Body Works, was granted 212,993 restricted stock units (RSUs) on March 12, 2026. The award is reported at $0.00 per share on the Form 4 because it is a compensatory grant (transaction code A). This is an annual equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (timely filing).
• Transaction type/code: Award/Grant (A); reported price: $0.00; shares granted: 212,993 RSUs.
• Vesting: 30% on the first anniversary of the grant date (Mar 12, 2027), 30% on the second anniversary, and 40% on the third anniversary (per footnote).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in the disclosed details.

Context
RSUs are compensation that convert into shares only after vesting; they do not require the insider to pay cash at grant. Such awards are routine executive compensation and do not directly signal buying or selling intent in the market. Investors typically view purchases as a stronger positive signal than standard grants.