TABACCO JOSEPH J JR 4
Research Summary
AI-generated summary
BBBY Director Joseph Tabacco Receives RSU Award
What Happened
- Joseph J. Tabacco Jr., a director of Bed Bath & Beyond, received a grant of 35,181 restricted stock units (RSUs) on May 14, 2026 (no purchase price). Separately, 26,873 RSUs vested and were converted/exercised on May 15, 2026 and the resulting shares were disposed the same day. No cash value or sale price is reported in the filing.
Key Details
- Transactions: Grant (A) of 35,181 RSUs on 2026-05-14 @ $0.00; Exercise/conversion (M) of 26,873 RSUs on 2026-05-15 (acquired/converted) and disposition (M) of 26,873 shares on 2026-05-15 @ $0.00.
- Shares owned after transactions: Form shows the reported beneficial ownership from the subject grants; specifically the 35,181 RSUs granted (vest on 2027-05-14) remain as unvested RSUs per the filing.
- Footnotes: F1 — a prior grant’s RSUs vested at close of business on 2026-05-15 and vested shares were delivered promptly (these are the 26,873 that converted/ were disposed). F2 — the 35,181 RSUs granted on 2026-05-14 vest on 2027-05-14.
- Filing: Report filed 2026-05-18 covering transactions dated 2026-05-14 and 2026-05-15; the filing does not indicate a tardy (late) filing.
- Monetary value: No cash proceeds or per-share sale price are reported for the converted/disposed shares (reported as $0.00).
Context
- RSUs are derivative awards that convert into common shares when they vest; this filing shows both a new RSU grant (future vesting) and the vesting/conversion of an earlier RSU award with same-day disposition of the resulting shares. Same-day disposition can reflect a sale or tax withholding, but the form does not specify the reason or cash amount—only that no price was reported.