Bath & Body Works grants CEO Daniel Heaf USD 10 million performance stock unit award

BBWI•2026-09-23

Bath & Body Works granted CEO Daniel Heaf a performance stock unit award with a target value of $10 million on Sept. 21, 2026.
Award target equals 591,366 shares, tied to stock price goals over a four-year performance period.
Payout scales from 75% to 200% of target if a 60-day average share price reaches $40 to $100.
Earned units vest on the fourth anniversary of the grant date, subject to continued employment or a qualifying termination.
Earned amount is cut 50% if relative TSR ranks below the 55th percentile versus the S&P 1500 Consumer Discretionary Distribution & Retail Index.

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