Putnam Leah R 4

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.