Victoria's Secret & Co.: chief legal officer to depart Mar 31, 2027

What happened Victoria's Secret & Co. announced that Melinda McAfee, chief legal and compliance officer, will be leaving the company, effective Mar 31, 2027. The company said it has initiated a search for a successor. The company and its board thanked Ms. McAfee for her contributions over the past more than 5 years.

The company entered into a Transition and Separation Agreement dated Oct 7, 2026 with Ms. McAfee. Under the agreement, Ms. McAfee will retain her current role until a successor chief legal officer has been appointed and will receive the same compensation and benefits during that period, then remain employed in a non-executive capacity until Mar 31, 2027.

Key details

• Transition and Separation Agreement dated Oct 7, 2026; departure effective Mar 31, 2027.
• Ms. McAfee will retain her role until a successor is appointed and receive the same compensation and benefits during that period.
• After a successor is appointed, she will remain in a non-executive capacity through Mar 31, 2027.
• She will be entitled to severance benefits under Section 4 of the Executive Severance Agreement dated Jun 29, 2021 (Exhibit 10.12 to the company's Form 10-K for the fiscal year ended Jan 31, 2026), subject to execution of a full release and compliance with confidentiality, non-solicitation and non-competition covenants.

Why it may matter This filing reports Item 5.02 (departure of directors or certain officers), which covers the officer departure and the related transition and separation agreement. A filing does not show why the insider traded or why the company acted.