Putnam Leah R 4
4 · BED BATH & BEYOND, INC. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Bed Bath & Beyond (BBBY) CAO Leah Putnam Receives Vested Shares; Sells to Cover Taxes
What Happened
Leah Putnam, Chief Accounting Officer of Bed Bath & Beyond (BBBY), had a mix of restricted stock units (RSUs) and performance shares convert/vest into common stock on February 4, 2026 (reported on Form 4 filed Feb 6, 2026). A total of 16,914 shares were converted/received (from multiple grants/awards). To satisfy tax withholding obligations, the reporting person surrendered approximately 4,193 shares at $5.62 per share (totaling about $23,564). The net increase to her holdings from these vesting events is roughly 12,721 shares. There are also small derivative disposition line items reflecting fractional-share adjustments (de minimis dollar amounts).
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (within the usual two-business-day reporting window).
- Actions reported: conversion/vesting of derivative awards (code M) and share disposals to pay taxes (code F).
- Shares converted/received: 5,811 + 1,929 + 1,644 + 7,530 = 16,914 shares (reported as acquired via conversion/exercise at $0.00).
- Shares surrendered for tax withholding: 1,415 + 470 + 488 + 1,820 = 4,193 shares at $5.62 each (~$23,564).
- Net shares added from the vesting event: ~12,721 shares (16,914 vested − 4,193 withheld).
- Small reported disposals tied to the derivative entries (values of $6, $2, $2, $8) appear to be fractional-share/administrative adjustments.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Notable footnotes: vesting and conversions came from RSUs and performance-share awards; footnotes state the performance-share awards were partially earned (one-third vested based on committee determinations) and remaining tranches vest on future service dates.
Context
- This was not an open-market purchase or sale for investment; it reflects routine vesting/conversion of compensation awards and the customary withholding of shares to cover taxes (a cashless-withholding event). Such transactions are common after awards vest and do not by themselves signal a buy/sell decision about future shares.
- Transaction codes: M = exercise/conversion of derivative (vesting/conversion to stock); F = payment of exercise price or tax liability (shares surrendered to cover taxes).
- No indication in the filing that this was a 10b5-1 plan or that the filing was late.
Insider Transaction Report
Form 4
Putnam Leah R
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+5,811$1→ 8,888 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−1,415$7,952→ 7,473 total - Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+1,929$0→ 9,402 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−470$2,641→ 8,932 total - Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+1,644$0→ 10,576 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−488$2,743→ 10,088 total - Exercise/Conversion
Common Stock
2026-02-04$0.00/sh+7,530$1→ 17,618 total - Tax Payment
Common Stock
2026-02-04$5.62/sh−1,820$10,228→ 15,798 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-04$0.00/sh−5,811$6→ 21,095 total→ Common Stock (5,811 underlying) - Exercise/Conversion
Restricted Stock Units
[F1]2026-02-04$0.00/sh−1,929$2→ 19,166 total→ Common Stock (1,929 underlying) - Exercise/Conversion
Performance Shares
[F2]2026-02-04$0.00/sh−1,644$2→ 3,287 total→ Common Stock (1,644 underlying) - Exercise/Conversion
Performance Shares
[F3]2026-02-04$0.00/sh−7,530$8→ 15,060 total→ Common Stock (7,530 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 RSUs 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 4,931 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 1,644 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 22,590 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 7,530 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