Lee Adrianne 4
4 · BED BATH & BEYOND, INC. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
BBBY CFO Adrianne Lee Receives Vested Shares; Withholds 13,394
What Happened
Adrianne Lee, President & Chief Financial Officer of Bed Bath & Beyond, had a mix of restricted stock units and performance shares vest on February 4, 2026. The filing shows conversion/exercise of 46,421 derivative units into common shares (transaction code M). To cover tax withholding, 13,394 shares were surrendered (transaction code F) at $5.62 per share, generating approximately $75,274 in proceeds. The net shares delivered to Lee after withholding were about 33,027 shares.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely filing).
- Conversion details: 46,421 shares acquired via conversion/exercise of derivatives (reported at $0.00 per-share acquisition price).
- Tax withholding: 13,394 shares withheld/disposed at $5.62 per share, totaling ~$75,274.
- Net shares received: ~33,027 shares (46,421 acquired − 13,394 withheld).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes: F1–F3 show these were vested restricted stock units and performance shares; the compensation committee determined certain performance shares were earned and one‑third vested on Feb 4, 2026.
- Codes explained: M = conversion/exercise of derivative (vesting into shares); F = shares withheld to satisfy tax liabilities.
Context
This was not an open-market cash sale but a standard vesting + tax-withholding event (a cashless settlement). Such filings are routine when equity awards vest; they do not by themselves indicate buying or selling for investment reasons.
Insider Transaction Report
Form 4
Lee Adrianne
President & CFO
Transactions
- Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+18,939$2→ 94,289 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−5,464$30,708→ 88,825 total - Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+6,172$1→ 94,997 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−1,781$10,009→ 93,216 total - Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+16,072$2→ 109,288 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−4,637$26,060→ 104,651 total - Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+5,238$1→ 109,889 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−1,512$8,497→ 108,377 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-04$0.00/sh−18,939$19→ 56,397 total→ Common Stock (18,939 underlying) - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-04$0.00/sh−6,172$6→ 50,225 total→ Common Stock (6,172 underlying) - Exercise/Conversion
Performance Shares
[F2]2026-02-04$0.00/sh−16,072$16→ 32,144 total→ Common Stock (16,072 underlying) - Exercise/Conversion
Performance Shares
[F3]2026-02-04$0.00/sh−5,238$5→ 10,476 total→ Common Stock (5,238 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Bed Bath & Beyond, Inc. common stock. The restricted stock units vest or have vested in three equal installments at the close of business on February 4, 2026, February 4, 2027, and February 4, 2028. Vested shares are delivered to the reporting person promptly after the restricted stock units vest. Amount shown does not include previously granted restricted stock units with different vesting schedules.
- [F2]Each performance share represents a contingent right to receive one share of Bed Bath & Beyond, Inc. common stock. On February 4, 2025 the reporting person was granted an award of performance shares, which are scheduled to vest in three equal installments at the close of business on February 4, 2026, February 4, 2027, and February 4, 2028, subject to and upon the satisfaction of certain performance criteria. On February 4, 2026, the compensation committee of the Issuer's board of directors determined that a total of 48,216 performance shares were earned based on performance relative to the performance criteria for fiscal year 2025. Accordingly, one-third of the earned performance shares (or 16,072 performance shares) vested on February 4, 2026. The remaining earned performance shares will vest based on continued service through the applicable vesting date specified above.
- [F3]Each performance share represents a contingent right to receive one share of Bed Bath & Beyond, Inc. common stock. On March 10, 2025 the reporting person was granted an award of performance shares, which are scheduled to vest in three equal installments at the close of business on February 4, 2026, February 4, 2027, and February 4, 2028, subject to and upon the satisfaction of certain performance criteria. On February 4, 2026, the compensation committee of the Issuer's board of directors determined that a total of 15,714 performance shares were earned based on performance relative to the performance criteria for fiscal year 2025. Accordingly, one-third of the earned performance shares (or 5,238 performance shares) vested on February 4, 2026. The remaining earned performance shares will vest based on continued service through the applicable vesting date specified above.
Signature
/s/ Christina Wheeler, Attorney-in-Fact|2026-02-06