Bath & Body Works, Inc. (BBWI) Form 8-K — Sep 23, 2026
Bath & Body Works granted CEO Daniel Heaf a performance stock unit award with a target value of $10 million, equal to 591,366 shares, on September 21, 2026. The award vests over four years based on stock price hurdles: 75% of target at $40, 100% at $60, 150% at $80, and 200% at $100, measured on any 60 consecutive trading days during the period.
Key figures
- Psu target value
- $10 million
- Psu target shares
- 591366
- Performance period
- four years (vest date September 20, 2030)
- Stock price hurdles
- ["$40 (75%)","$60 (100%)","$80 (150%)","$100 (200%)"]
- Relative tsr governor
- 50% reduction if TSR below 55th percentile of S&P 1500 Consumer Discretionary Distribution & Retail Index
AI analysis
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