Gerspach John C 4

What Happened
John C. Gerspach, a director of Bread Financial Holdings, received a grant of 1,638 restricted stock units (RSUs) on June 15, 2026 (transaction code A). No cash price is reported for the award (N/A); the RSUs are scheduled to vest on June 15, 2027. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: June 15, 2026; transaction type: Award/Grant (A); price: N/A.
• Vesting: the 1,638 RSUs vest on June 15, 2027 (Footnote F1).
• Shares beneficially owned after grant: 21,564 unrestricted shares + 27,280 unvested RSUs (including the new 1,638 RSUs) = 48,844 total beneficially owned (Footnote F2).
• Trust holding: some shares are held by the Gerspach 2020 GST Exempt Trust, for which the reporting person’s spouse is trustee (Footnote F3).
• Filing timing: report filed June 17, 2026 for a June 15, 2026 transaction — appears to be timely (no late filing indicated).

Context
RSUs are compensation awards that convert to shares upon vesting; they are neither an immediate purchase nor a sale and do not necessarily signal the holder’s market view. For retail investors, director RSU grants typically reflect routine compensation/retention practices rather than active trading.